Your dream vacation. A new car. Reduced debt. A personal loan can help you unlock the possibilities of your future and move closer to achieving your financial goals. With a single monthly payment, personal loans can be a more manageable (and often less costly) option than juggling hefty credit card bills.
So, we asked people around the country: What would you do with a $5,000 loan? Here’s what they said.
I would travel to the United Kingdom to discover my ancestral roots.”
Traci F., 60, Chicago
I’d use $3,000 to help fund my startup, and I’d use $2,000 for a vacation with my family.”
Hari J., 54, Atlanta
I’d go on a trip to Mexico with friends.”
Usman M., 35, Albany, New York
I’d take my dream vacation to Patagonia and go hiking through the Andes Mountains.”
Henisha D., 27, San Francisco
I would put half of it toward my remaining student loans, and with the other half, I’d buy a new sofa and a nice meal.”
Tessa D., 28, Omaha, Neb.
I’d vacation on a boat and try to complete a short story I’ve been working on.”
Evan B., 35, Boulder, Colo.
I would pay for my IT classes, and I’d also book some time to record music in a real studio.”
Mikel A., 30, Chicago
Home renovations, since I’m always working on my house. I really need to replace the bathroom floor and sink.”
Jennifer L., 54, New Orleans
I’d pay off various debts — student loans, car payments, and credit cards — and then I’d put the rest toward a vacation or something that I really want to buy at the time.”
Dustin C., 41 Bothell, Wash.
I’d pay off my highest-interest-rate credit card. Then I’d stock up on essential items for my young son.”
Connor D., 37, North Liberty, Iowa