This Is How Americans Are Increasingly Going to Wreck Their Already Pitiful Finances
More people are turning to personal loans to pay for everything from a fabulous vacation to a new wardrobe to their credit card bills. Should you? New year, new debt. Americans are increasingly turning to personal loans — loans with short terms of just 1-5 years, in small amounts from $1000 up to about $50,000 — to smooth over their financial woes. Data from Transunion shows that there were a record number of personal loans in 2017: 17.5 million in the third quarter — the lat