One option that many people consider in this scenario is taking out a personal loan to consolidate their debt — and for good reason. The promise of rolling multiple high-rate debts into a single ...

"The ideal reason to use a personal loan over a credit card is when you ... Plus, if you have a good or excellent credit score, you are more likely to qualify for lower interest rates.

A personal loan can be a great way to consolidate debt ... Just make sure you’re only taking out a loan for a good reason, you’re getting the lowest interest rate possible, and you have ...

Lending money to friends and family can have unintended financial consequences. Learn the do's and don'ts of lending money to ...

Personal loans are known for ... need a longer time horizon to repay the entire loan. Who's this for? PenFed loans can be used for a variety of reasons, including debt consolidation, home ...

However, there are still some good reasons to use this method to transfer money from one generation to another. Intrafamily loans typically ... retirement, personal finance and more - straight ...

Additionally, the lender must disclose the reasons behind the denial or ... If you’ve been rejected for a personal loan, it’s a good idea to wait a minimum of six months to apply again.

When you need money for reasons that don't fit into any of these specific categories, a personal loan or line of credit can be a good option. "Personal loans and lines of credit both provide two ...

But as Self’s survey shows, many people have. If you’re going to finance a vacation, there are reasons a personal loan may be a good option. According to Federal Reserve data, the average ...