The pros and cons of personal loans
Personal loans are a quick source of cash, but be careful how you use them.
8 min read
Jan 19, 2023
Veneta Lusk is a contributing writer for Bankrate. Veneta writes about personal loans.
Financing a home purchase
Refinancing your existing loan
Looking for a financial advisor?
Take our 3 minute quiz and match with an advisor today.
Compare Accounts
Use calculators
Looking for a financial advisor?
Take our 3 minute quiz and match with an advisor today.
Compare by category
Compare by credit needed
Compare by issuer
Personal Loans
Student Loans
Looking for a financial advisor?
Take our 3 minute quiz and match with an advisor today.
Best of
Brokerages and robo-advisors
Looking for a financial advisor?
Take our 3 minute quiz and match with an advisor today.
Get the best rates
Lender reviews
Looking for a financial advisor?
Take our 3 minute quiz and match with an advisor today.
Selling a home
Buying a home
Looking for a financial advisor?
Take our 3 minute quiz and match with an advisor today.
Compare car insurance rates
Homeowners insurance
Looking for a financial advisor?
Take our 3 minute quiz and match with an advisor today.
Retirement plans & accounts
Learn the basics
Retirement calculators
Additional resources
Looking for a financial advisor?
Take our 3 minute quiz and match with an advisor today.
Veneta Lusk is a contributing writer for Bankrate. Veneta writes about personal loans.
Personal loans are a quick source of cash, but be careful how you use them.