Use this smarter strategy instead of a personal loan to avoid interest charges and potentially save thousands in 2025.

Key takeaways Using a personal loan to pay off credit card debt could be a smart move if you can secure a lower rate or are juggling multiple credit card payments Paying off credit card debt with a ...

There are certain times in which a personal loan makes sense to pay off debt, but that won't always be the case. Getty Images If you're juggling multiple monthly debt payments, high interest rates ...

Personal loans are a solid, predictable way to borrow, and their application process is typically quick and easy. Mainstream personal loan interest rates vary widely depending on the borrower's credit ...

Although loan amounts vary across lenders, the maximum amount for personal loans typically ranges from $500 to $100,000. In some cases, you may qualify for a. Subscribe To Newsletters.

Personal loan rates have been higher in the post-pandemic era than in the recent past, though, so many would-be borrowers are wondering if and when rate drops will occur.

We took out a personal loan for $16,000, and my husband took on the installation project. Now we're saving around $500 a month on our electricity bill, which is going toward paying off the loan.