Thinking about taking out a personal loan? You’re definitely not the only one. According to LendingTree, Americans owe $257 billion in personal loan debt as of the second quarter of 2025. From consolidating high-interest credit card debt to covering an emergency expense or even funding a big life event, personal loans can seem like a convenient solution. But just because the option is available doesn’t always mean it’s the right fit. Check Out: 3 Top Reasons People Take Out a Personal Loan Read More: I'm ...