A personal loan is a lump sum; a personal line of credit is used as needed. You only pay interest on the money used in your personal credit line, but your bank might charge a fee for this use.

Can be secured or unsecured depending on the need. Personal line of credit: An unsecured line of credit used for personal expenses. Interest applies only to what’s borrowed.

Personal loans can be a safe and affordable form of financing. CNBC Select explains how to choose the one that's right for ...

Forbes Advisor compares a HELOC with a Personal Line Of Credit so you can determine which financial circumstance they are most appropriate for.

Lines of credit and credit cards are revolving credit sources that differ in several key ways.

You may access funds with both a credit line and a personal loan, but there are differences in how you use and pay them back. When you anticipate variable or continuous financial demands as opposed to ...

Need more than one personal loan at once? Read about lender policies, factors affecting approval and how to manage multiple loans effectively.