This Was the Average Personal Loan Balance in 2021

This Was the Average Personal Loan Balance in 2021
·3 min read

You could charge up a balance on your credit cards, but then you risk racking up scores of interest and damaging your credit score in the process. As such, many consumers turn to personal loans when they have a need for money and don't want to pay an exorbitant amount of interest on the sum they have to borrow. Personal loans are very flexible in that you can take one out and use that money for any purpose.