Whether you want to pay for your wedding or pay down debt, you may be considering using a credit card or taking out a personal loan. Although these solutions have some similarities — both are technically loans (not requiring collateral) and both tend to offer borrowers with good credit more favorable terms — there are also important differences.
Take a look at how credit cards and personal loans compare.
While credit cards are convenient for day-to-day purchases, personal loans may be a better long-term option for big expenses or paying down higher-interest debt. Consider your priorities and your financial situation to decide what works best for you.