Types of Loans: Choose the Right Credit for Your Goal
Each financial goal requires a different type of personal loan. For debt consolidation, look for a loan with lower interest than your current debts, like secured loans or balance transfer options.
If you want to invest in home improvement, consider specific credit lines like Wells Fargo Home Equity or HELOC loans from Bank of America.
For emergency expenses, online banks like SoFi, Upstart, and Avant offer fast online personal loans with quick disbursement.