What to Know Prior to taking Aside a personal bank loan

What to Know Prior to taking Aside a personal bank loan

Business economics teacher Linda Yards. Hooks offers popular-sense advice for consumers

There is a lot to understand when looking to a personal bank loan. For example, exactly how is an unsecured loan not the same as a whole lot more familiar designs, like automotive loans and mortgage loans? What can you use signature loans to own? What are the selection to help you personal loans?

To get the methods to this type of or any other concerns, Investopedia spoke with Linda M. Hooks, head of your Service out of Business economics during the Washington and you may Lee College or university inside the Lexington, Va.