From Yahoo Finance: 2025-06-11 10:01:00

Personal loans aren’t just for emergencies. Sometimes, you need extra cash for unexpected opportunities or expenses. With Americans carrying $1.18 trillion in credit card debt, using a personal loan to consolidate high-interest debt can make sense. This can reduce monthly interest payments, improve credit scores, and simplify finances. Personal loans can also be used for business expenses, medical procedures, or professional development, providing a short-term financial solution.



Read more at Yahoo Finance: 4 Non-Emergencies Where a Personal Loan Makes Sense