Is it better to apply for one large loan or separate loans?

Is it better to apply for one large loan or separate loans?Is it better to apply for one large loan or separate loans?
Michaelrib asked 4 years ago

Hello. I will be transfering to an out of state college and will be needing to apply for several loans. One is a student loan, an auto loan for a used car, and a personal loan to have some cash to hold me over as well. After some research I saw that all of these types of loans have different interests rates, and would seem like a better an idea to apply for them separately. I am still number crunching as far as repayment and I’m curious to know where to start. My credit score is 673-699, so averages to about 685. Thanks in advance.

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