Whether you’re planning your summer vacation, funding a home project, or just need to consolidate debt, a personal loan could be your best bet for getting the funds you need. People often use personal loans for unexpected events or purchases when they don’t have enough assets to attach to a secured loan, according to Ryan Bailey, head of consumer deposits, payments and non-real estate lending at TD Bank.
Additionally, these loans can be an attractive alternative to using high-interest credit cards or emergency savings.
