Millions of Americans face unprecedented personal finance concerns as the coronavirus pandemic continues to affect unemployment rates months after the first case of COVID-19 was reported in the United States.
The Federal Reserve took steps in March to encourage consumer spending by lowering interest rates to near 0%. Rates have stayed low, and projections suggest that the interest rate will remain near 0% until at least 2023.
If you’re considering a personal loan, now may be a good time to move forward so you can take advantage of low rates. Get started on the application process today.
If you still want to do more research before taking out a personal loan, read on.
What is a personal loan?
Personal loans allow you to borrow funds from a lender to use for any expense. Typically, personal loans