A personal line of credit is a “renewable” amount of money you can borrow from the bank. When you pay off the money you’ve borrowed, you can borrow it again. Whereas, a personal loan is a one-time ...

Many are familiar with personal loans and credit cards, but they aren't the only options if you need to cover an unforeseen expense. Personal lines of credit are a way to borrow funds based on the ...

Personal loans are best for one-time, set expenses. Personal lines of credit are best for projects or purchases that require flexibility. Both options offer lower average rates than credit cards for ...

Meredith Mangan is a senior editor and expert on personal loans. Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc. (Credible), which is majority-owned ...