Personal Loan Rates and Debt Statistics: 2021 – Annie Millerbernd

Personal loans accounted for $148 billion in consumer debt in the fourth quarter of 2020, a decline from the same period in 2019, according to credit bureau TransUnion. Personal loans are usually unsecured, meaning they don’t require collateral like a house or a car, and you can use them for almost anything. Lenders rely on…

Annie Millerbernd writes for NerdWallet. Email: amillerbernd@nerdwallet.com.

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