What Is the risk of a personal loan for Canadians?

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What is the risk of a personal loan for Canadians?

Rounding it up

  • Personal loans can be used to finance a variety of different products and services.

  • A personal loan can be either secured or unsecured depending on your credit score and what you plan to use the money for.

  • Different personal loans have different rates and terms. Your creditworthiness will also affect the terms you can get from lenders on a personal loan.

  • Hard money, payday, construction, and debt consolidation are all types of personal loans that come with different risks and opportunities.

6 min read

Dan Bucherer
#personal loan#debt#borrowing

Dan Bucherer

Dan is a runner and writer living in the Washington, D.C. area, where he currently works for a financial services trade association as the Communications Director.

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