Remove Consolidate Debt Remove Creditworthiness Remove Debt Consolidation Remove Financial Institution
article thumbnail

What Is a Personal Loan?

Better Credit Blog

Personal loans are installment loans offered by a bank, credit union, or other financial institution to an individual borrower. Consolidating Debt. Personal loans can help with debt consolidation. Consolidating your credit card debt with a personal loan, for instance, can score you a lower interest rate.