consumer loans

Personal loans are typically unsecured loans that consumers can use for a variety of different purchases. Unlike mortgages or car loans, which are used to specifically buy houses and cars, someone can use personal loans to do just about anything, from improving their homes to investing in a small business. Personal loans typically have fixed payments and lower interest rates than other types of consumer loans, like credit cards.

(source: lendingtree.com)

Personal Loans 101

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