
8 types of personal loans and their uses — plus 5 to avoid
Personal loans can be a good way to cover one-time expenses or consolidate debt.
Jane Nam is a writer on the Bankrate Loans team. She is passionate about breaking down complex numbers in a way that is simple and accessible. Her background includes survey development, data storytelling and deep-dive research.
Her work has been cited by many outlets including The New York Times, Forbes, Vox and the Harvard Business Review.
Jane lives in New York City. In her spare time, she enjoys running, cooking and hosting. She is in search of the city's best cinnamon roll.
Loan rates, loan forgiveness, debt consolidation, monthly payments — these terms can feel overwhelming and confusing. But a quick search on Bankrate can make a world of a difference.
Jane believes data is empowering and has the potential to work for you rather than against. She is always on the lookout for the latest data drops to keep numbers most up-to-date for readers.
Let's look at the data!
— Jane Nam
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