Personal loans are popular again

After many years of being perceived as the poor cousin to credit cards, personal loans are making a big comeback. In the last 12 months, new entrants to this market have reinvigorated the personal loan market. Lower rates and new products are enticing consumers back to personal loans for debt consolidation and for making big purchases. The best personal loan rates are now about 10 percentage points lower than some of the highest personal loans now in the market so shop around and compare before committing to a personal loan.