Personal loans are growing in popularity across the U.S: Over the past two years, outstanding balances for personal loans have increased by nearly 59%, from $146 billion to $232 billion, according to ...

A personal loan is a type of installment loan that allows you to borrow money to cover a one-time expense. The most common reason people use personal loans is to pay down high-interest debt, thanks to ...

Ben Woolsey is a full-time Associate Editorial Director at Investopedia, focusing on financial products and services. He has worked in marketing, operations, and content management roles for banks, ...

A personal loan can be a valuable tool for financing various expenses — whether planned or unplanned. However, getting approved for a personal loan can be challenging if you don’t have a prior credit ...

Christian Allred has been a professional writer since 2020. He's written for some of the industry’s top brands and publications, including Rocket Mortgage, PropStream, Propmodo, and CRE Daily.

You can take out multiple personal loans at once, though not necessarily from the same lender. Before borrowing, consider whether you have room in your budget for additional debt. There are ...