Meredith Mangan is a senior editor and expert on personal loans. Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc. (Credible), which is majority-owned ...

What Is a Personal Line of Credit? A personal line of credit is a flexible loan option that allows you to borrow money up to a predetermined limit. This type of loan is unsecured, meaning it does not ...

Many are familiar with personal loans and credit cards, but they aren't the only options if you need to cover an unforeseen expense. Personal lines of credit are a way to borrow funds based on the ...

Personal loans and personal lines of credit are both helpful tools to cover large expenses. These financing options have similar benefits, like no collateral requirements and low rates for ...

Personal loans are best for one-time, set expenses. Personal lines of credit are best for projects or purchases that require flexibility. Both options offer lower average rates than credit cards for ...

A personal line of credit is a “renewable” amount of money you can borrow from the bank. When you pay off the money you’ve borrowed, you can borrow it again. Whereas, a personal loan is a one-time ...