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What Is A Personal Loan?

Savings Corner

You might, for example, be offered financing by a home improvement store when you buy an appliance. However, many lenders prohibit the use of personal loans to cover college tuition fees. You can also get a personal loan to pay for procedures that improve your self-image, such as dental implants or cosmetic surgery.

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

have barely any bills and be able to live off passive income. About $52,000 of that $147K was consumer debt (credit cards, a student loan, a car loan, a home improvement loan, etc.) We paid for braces, college tuition for my son, and did fun stuff like traveling while we were paying off debt.

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