Taking Out Your Second Personal Loan? Here Are the Pros and Cons of Using the Same Lender Again

Taking Out Your Second Personal Loan? Here Are the Pros and Cons of Using the Same Lender Again

When a need to borrow money arises, your goal should be to pay as little interest on that sum as possible. Personal loan rates tend to be competitive -- and considerably lower than the interest rates you'll pay on a credit card balance. Personal loans also tend to close quickly.