What Are The Risks With A Personal Loan?

[philipmould]

What Are The Risks With A Personal Loan? Please help me if anyone know.

[OregonLO]

define risk? I mean, you add an extra payment to your monthly bills. what are you using the money for? do you NEED a personal loan?

Higher interest rates
typically it is an unsecured loan
added payment

It would really depend on what you are doing with the loan and why you need it and how long it will take for you to repay it. They can be beneficial.