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.

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

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

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.

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

Discover how asset-based lending works, its benefits, and examples. Learn about secured loans using assets like inventory, ...

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