20 Questions to Ask Before Applying for a Personal Loan

Personal loans are a popular financial option, with The Ascent's research revealing the average personal loan balance in the U.S. is $5,538.

Personal loans are widely used because they're versatile financial products. You can borrow and enjoy a lot of flexibility in what the money is used for.

But before you apply for a personal loan, you need to ask yourself some key questions to make sure it's the right financial move. Here are 20 of them.

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