 TITLE: Good Reasons to Get a Personal Loan CONTENT: Applying for a personal loan is a fairly straightforward process, and many lenders now allow you to apply online, so you can (and should) check with multiple sources to try to shop for the best interest rates and fees. For each application, you'll need to indicate how much you want to borrow, and you'll need to submit information about your income, employment and, often, your outstanding debt and monthly expenses.\nMost lenders will check your credit score and credit reports as part of their lending decisions, so unless you're in an emergency situation, it makes sense to review your credit reports and scores so you'll have an idea what the lenders see when looking at your application.\nAs with virtually all types of personal credit, personal loan lenders reserve their lowest interest rates for people with excellent credit scores. If your credit is fair to good, finding a personal loan at a low rate may be challenging, and if your credit is on the low end of the spectrum, you may need to take the time to build up your credit scores before you can qualify for a personal loan. END