Tips for Managing Personal Loans

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is a Personal Loan?
7 Tips for Managing Your Personal Loans
1. Create a Budget
2. Decide Where to Put the Money
3. Consider Paying More Than the Minimum Due
4. Automate Your Payments
5. Monitor Your Credit Score
6. Keep an Eye Out for Refinancing Opportunities
7. Consider Debt Consolidation
Finding the Right Personal Loan Repayment Plan
Managing Short-Term vs Long-Term Personal Loans
Personal Loans With Lantern
Frequently Asked Questions
Photo credit: iStock/pondsaksit
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About the Author
Jason Steele has been writing about credit cards and award travel since 2008. One of the nation's leading experts in this field, he has contributed to dozens of personal finance and travel outlets and has been widely quoted in the mainstream media.
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