These are loans that you can take out for personal use, such as debt consolidation, home improvements, or unexpected expenses. They are typically unsecured, meaning you don’t need collateral, but interest rates may be higher.
Credit Cards
Credit cards allow you to borrow money up to a certain limit to make purchases or pay bills. They often come with high-interest rates, but if you pay off the balance in full each month, you can avoid interest charges.
Installment Plans
Some retailers or service providers offer installment plans that allow you to pay for purchases over time with fixed monthly payments and little or no interest.
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