Personal loans can be a safe and affordable form of financing. CNBC Select explains how to choose the one that's right for you.

Meredith Mangan is a senior editor and expert on personal loans. Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc. (Credible), which is majority-owned ...

The disadvantages of a short-term bank loan include high interest rates, short repayment terms and smaller loan amounts.

Personal loans and personal lines of credit have similar approval requirements, but they vary in how you receive and repay the funds. Personal loans and personal lines of credit are both helpful tools ...

Meredith Mangan is a senior editor and expert on personal loans. Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc. (Credible), which is majority-owned ...

Unsecured loans don’t require collateral, making them accessible to many borrowers. Lenders assume a greater risk, so the interest rates are typically higher than secured loans. Approval time can be ...

- Higher Interest Rates Possible: Since there is no asset to secure the loan, the ...

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