While some lenders are offering low interest relief loans, others are tightening credit requirements for borrowers.
Here’s what you need to know about taking out a personal loan during this crisis and whether or not one makes sense for you.
An unsecured personal loan is money borrowed from a bank, credit union or online lender that can be used for anything. The money is paid back in installments over time, usually with a fixed interest rate.
While many experts would caution against personal loans, which often come with high interest rates and fees, they could