The Pros & Cons of Personal Loans (OVERVIEW)



➡ Best Personal Loans – https://www.bankrate.com/loans/personal-loans/rates/?utm_source=youtube&utm_medium=video&utm_campaign=loans&utm_content=cm4AhU15TpA

The pros and cons of personal loans—that’s what we cover in this video. Mike Adams is a personal finance expert and has a ton of experience with helping consumers with their debt problems. In this video, he explains the reasons why you should (and should not) get a personal loans. For starters, a personal loan can be a great way to consolidate credit card debt and pay a lower overall interest rate. Even more, you can take multiple different debts and merge them into one lender, so to speak. On the downside, to get a personal loan with an attractive interest rate requires you to have a good credit score. Also, there are a lot of untrustworthy lenders, so you have to make sure that you go with a reputable lender for your personal loan.

▬ RELATED ARTICLES ▬
Full Article on Personal Loans:
https://www.bankrate.com/loans/personal-loans/rates/?utm_source=youtube&utm_medium=video&utm_campaign=loans&utm_content=cm4AhU15TpA

Best Bad Credit Loans:
https://www.bankrate.com/loans/personal-loans/bad-credit-loans/?utm_source=youtube&utm_medium=video&utm_campaign=loans&utm_content=cm4AhU15TpA

Best Debt Consolidation Loans:
https://www.bankrate.com/loans/personal-loans/debt-consolidation-loans/?utm_source=youtube&utm_medium=video&utm_campaign=loans&utm_content=cm4AhU15TpA

Personal Loan Calculator:
https://www.bankrate.com/calculators/managing-debt/loan-calculator.aspx?utm_source=youtube&utm_medium=video&utm_campaign=loans&utm_content=cm4AhU15TpA

All Person Loan Reviews:
https://www.bankrate.com/loans/personal-loans/reviews/?utm_source=youtube&utm_medium=video&utm_campaign=loans&utm_content=cm4AhU15TpA

Lightstream Personal Loans Review:
https://www.bankrate.com/loans/personal-loans/reviews/lightstream/?utm_source=youtube&utm_medium=video&utm_campaign=loans&utm_content=cm4AhU15TpA

SoFi Review:
https://www.bankrate.com/loans/student-loans/reviews/sofi/?utm_source=youtube&utm_medium=video&utm_campaign=loans&utm_content=cm4AhU15TpA

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▬ TIME STAMPS ▬
0:00 – Video Overview
1:03 – What Is A Personal Loan?
1:43 – Advantages of Personal Loans
3:40 – Downsides of Personal Loans
5:30 – Is It Right For You?

▬ CREDITS ▬
Much of the stock footage shown in this video was provided by Storyblocks and Getty Images.