Watch for origination fees in the fine print

Only borrow what aligns with your ability to repay

Ask about prepayment penalties before signing

Don’t extend repayment just for a lower monthly cost

Choose your loan term based on cash flow, not just rate

Use automatic payments to avoid missed deadlines

Make sure your income supports the loan obligation

Know the real reason you need a personal loan

Explore peer-to-peer platforms with caution

Prequalify to compare offers without affecting your score

Don’t use personal loans to mask ongoing spending issues

Consider personal loans for medical emergencies with clear payoff

Understand the difference between fixed and variable rates

Check your credit score before rate shopping

Calculate your total repayment cost before committing

Avoid borrowing for expenses that repeat monthly

Use personal loans for structured debt consolidation

Understand your repayment timeline before applying

Compare lenders based on more than just APR