What To Know About Personal Loans Before You Borrow
Unlike mortgages (used for home-buying), car loans (used for buying cars), or student loans (used to pay educational expenses), personal loans can be used for almost any purpose—even debt consolidation. Used carefully, personal loans can help reduce your debt burden or further your financial wellness. As with any other type of debt, though, when taken out carelessly, personal loans can put you in a difficult situation. Used well, personal loans can give you a little more flexibility and liquidity....