10 Reasons You Need a Personal Loan

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It’s no surprise that thousands of Americans turn to personal loans every day. A personal loan is a fast and painless method to get money. It could help you too.

There are tons of advantages to personal loans. Use them to pay off your credit cards and consolidate debt, make a large purchase, or take a dream vacation. The choice is yours.

The best part? Unlike other types of financing, personal loans are unsecured. That simply means you don’t have to put up any collateral for the loan.

Here are 10 popular reasons people take out personal loans. Learn more and apply for the loan that’s right for you today!

1. Consolidate Debt

Do you have balances on several credit cards, medical bills or any other kind of debt?

Take advantage of a personal loan to combine your debt into one predictable monthly payment, typically with a much lower interest rate.

You can get a lump sum of cash up front with a personal loan to erase your debts. Then, repay the personal loan with equal monthly installments. You could save hundreds or even thousands of dollars in interest.

Save money on interest and simplify your finances with a personal loan. Imagine how much faster you could get out of debt by combining it into one easy to remember payment typically with a much lower interest rate.

Time needed: 2 minutes. Visit the LOAN SEARCH links below and fill out a simple form. Then, instantly see offers from lenders now offering up to $50,000. Checking won’t impact your credit score.

LOAN SEARCH: Compare debt consolidation loan rates now.

2. Pay Off High Interest Credit Cards

Millions of Americans pay too much interest on credit cards. The typical APR on a credit card is around 17%. Ouch. If you carry a balance every month, you are probably paying too much interest.

Personal loans usually come with lower interest rates than credit cards. Sometimes the rate can be much lower.

Make the jump to a personal loan now. It could save you time, money and help you get out of debt faster because more of your payment is going to pay off your debt, and not to high interest charges.

LOAN SEARCH: Compare Credit Card Refinance loan rates now.

3. Cover Moving Expenses (And Furnish Your New Home)

Moving can be surprisingly expensive, especially if you’re moving long-distance.

Use a personal loan to cover moving costs from U-hauls to shipping your car across the country to buying new furniture or electronics to make your new place a home.

If you want to move but are strapped for cash, a personal loan is a good option.

LOAN SEARCH: Compare Moving loan rates now.

4. Upgrade your Current Home

Instead of moving, do you want to spruce up your current place? Yes, you can use a personal loan for that too!

Turn your home remodeling dreams into reality with the help of a personal loan. Upgrade your kitchen, remodel a bathroom or even get a new roof. Breathe easy with one predictable monthly payment

LOAN SEARCH: Compare Home Remodel loan rates now.

5. Wedding Costs

The average wedding cost in the U.S. is $33,391. Yes, $33,391! What most people don’t know is that a personal loan can help to cover up to the full amount of wedding costs.

Companies are offering personal loans up to $35,000 and some are even offering loans up to $50,000.

If you’re planning your wedding, a personal loan could be a smart financial move to help cover the costs. It sure beats high interest credit cards.

LOAN SEARCH: Compare Wedding loan rates now.

6. Start a Business

There’s nothing like being your own boss.

If you have been itching to start your own business but don’t have the money to start, a personal loan may be the answer.

Again, some companies are offering personal loans up to $50,000.

Why wait? Launch your business today.

LOAN SEARCH: Compare Personal loans for Business rates now.

7. Buy a Car, Boat, RV, or ATV

An auto loan is typically your best bet to buy a car, boat, RV, ATV, or other powersport vehicle. However, you could also use a personal loan to make these purchases as well.

To get pre-approved for an auto loan, many companies will do a “hard” credit check.

If you don’t have good enough credit or don’t want a hard credit check on your credit file, a person loan may be a good option for you.

LOAN SEARCH: Compare Auto Purchase Personal Loan rates now.

8. Say Goodbye to Medical Bills

According to Magnify Money, medical debt plagues 26% of adults.

If you or someone you know is struggling to pay off medical debt rest assured you can pay some of it, if not all of it, off with a personal loan.

LOAN SEARCH: Compare Medical loan rates now.

9. Emergency – Get Money Fast

Get money when you need it for unexpected expenses. With a personal loan you can get upfront cash fast. You can often receive between $1,000 and $35,000 in a couple of days!

The great thing about a personal loan is that you can use it for pretty much anything.

If you’re in need of money, see how much you can qualify for today. Checking won’t impact your credit score.

LOAN SEARCH: Compare Other loan rates now.

10. Take your Dream Vacation

Just like a wedding, a personal loan can help fund your dream vacation. Whether your dream vacation is Hawaii, the Greek Isles, Tokyo or a cruise around the world, a personal loan can help get you there.

LOAN SEARCH: Compare Vacation loan rates now.

Get Started Now

When you need money, relying on a personal loan is one of the quickest and easiest ways to access money. Unlike a mortgage that requires oodles of paperwork, you can receive quotes from lenders in about 2 minutes. Apply now and you could have the money you need in just a few days.

See Quotes Now