Getting a loan might seem like a big compromise, but if you are well informed, it should be no problem.

Reasons to get a loan

There are a lot of reasons to get a personal loan. According to Bankrate, you can apply for one as an alternative to a payday loan in order to avoid paying high interest, for emergencies, or for something you have been planning for some time (i.e. remodeling your house or buying one). In any case, getting a loan, if done correctly, will help you afford things that you need to do in your life.

Places to get a loan

A lot of places offer loans. Banks are one of the most popular options, but you can also go to a credit union and more recently, online lenders, like Upstart, are becoming more popular. This is because they usually require less information and filling out the application takes a lot less time.

Upstart Personal loans

Upstart Personal Loans is a platform that offers loans that are easy to access if you are starting to build your credit history. Their application forms are simple, and NerdWallet says you can get a loan between $1,000 and $50,000 with a variable APR that goes from 5.38% to 35.99% depending on your credit history and credit score.