 TITLE: How to Choose Between a Personal Loan and a Credit Card CONTENT: When Does It Make More Sense to Get a Personal Loan?\n----------------------------------------------------\nWhile personal loans don't offer much flexibility in terms of how much you can borrow, they can allow you to borrow more than you could with a credit card, making them optimal for major purchases. Plus, interest rates on personal loans are often lower than credit cards, especially if you have strong credit. However, those with not-so-great credit may still face high interest rates on loans.\nA personal loan could be best for you if:\n*   You need to finance a large purchase such as a wedding, surgery, home project or vacation.\n*   You have excellent credit and are able to qualify for a lower interest rate.\n*   You want predictable monthly payments.\n*   You'll be able to afford the loan's monthly payments over the entire term of the loan.\n*   You have a large amount of high-interest debt you need to consolidate (especially credit card debt). END