Brian Acton

Personal loans offer a straightforward way to borrow money for all kinds of reasons.

Personal loans typically range from $1,000 to $100,000, but the amount you can actually get depends on your financial situation.

Thinking about using your home equity to consolidate debt? Home equity loans and HELOCs may offer lower interest and simplified payments — but they also come with serious risks, including putting your home on the line.

Whether you’re struggling with high-interest credit cards or personal loans, 2025 is the year to take control. If you're searching for how to get out of debt fast, this guide breaks down 9 powerful, expert-backed strategies — from DIY budgeting to smart consolidation. No fluff, just real solutions that work.

Personal loans can provide money for many purposes, from debt consolidation and paying off bills to major home renovations or emergency expenses.

When you apply for a personal loan, the lender will ask you for several documents to confirm your identity and collect information about your finances.

Secured personal loans require collateral but offer easier approval and lower rates than unsecured loans. You risk losing your collateral if you default. Best for borrowers with poor credit seeking competitive rates.

Personal loans typically don't create tax complications since they're borrowed money that must be repaid.

Installment loans are one of the most common types of borrowing, and for good reason.

Personal loans offer quick access to funds with fixed interest rates, predictable monthly payments, and flexible use for debt consolidation, home improvements, or major expenses.