This post was originally published by our partner, Laurel Road, and has been published here with permission.
IAW Members can save on student loan refinancing through Laurel Road. Click here to learn more about this member benefit.
There are many reasons to get a personal loan, from consolidating other debts to making major purchases. Plus they can be used for broad reasons like taking a vacation making them very attractive. If you are considering a personal loan, think about why you need one and be honest with yourself about your financial behavior. If you are thinking about a personal loan due to excessive spending and debt, a loan may not solve the greater issue. However, if you have a need and a financial plan in place for repaying the personal loan, then it can be a strong option. This guide, Taking Out a Personal Loan, takes you through situations when it makes sense and when it doesn’t, covering how they work, various considerations, and tips for finding the right personal loan for your needs.
About Laurel Road
Laurel Road is the national online lending division of Darien Rowayton Bank. FDIC-insured and established in 2006, Darien Rowayton Bank has helped thousands of professionals with graduate and undergraduate degrees across the country to refinance and consolidate over $3 billion in federal and private school loans, saving these borrowers thousands of dollars each. Darien Rowayton Bank is a Connecticut-chartered bank, Member FDIC, and an Equal Housing/Opportunity Lender.
