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What Is A Personal Loan?

Savings Corner

Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. A personal loan is money borrowed from a lender that can be used for nearly any purpose. Once you’re approved, the lender will disburse money into your bank account.

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Allstate Insurance Review 2024 | Bankrate

Savings Corner

To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. Here’s an explanation of how we make money. Bankrate logo How we make money You have money questions.