When is a personal loan a good idea? 4 Articles

by Barry Tadmore

Generally, a personal loan is a high-interest loan that ends up costing you quite a bit of money. But sometimes a personal loan is the right choice for the right person. For example, if you have $1,000-$5,000 in credit...read more

by David Riel

A personal loan is always a good idea if getting it will improve your financial situation more than the cost of the loan will hurt it. For example, I took out a personal loan when I got my first job, to buy a safe, reli...read more

by Beth Oliver

A personal loan is a good idea when it will help you build your credit or help you to consolidate your bills at a lower rate. Since most personal loans are unsecured, they do have a high interest rate. Usually they are som...read more

by Teresa Meakin

A personal loan is a good idea if say you was thinking of extending your property, like adding a conservatory or an extra bedroom above the garage. As this will add value to your property, and with the house prices rising...read more