Given the recent economic uncertainty and inflation, a number of consumers have turned to personal loans to fund them in cases of emergency or other needs. The risks associated with utilizing a service like this are fairly high, as these loans typically have high interest rates and pricey fees.
When finding a use for a personal loan, I think your best bet would be as a last resort. Once your emergency funds and all other options have been depleted, it may be a necessary evil, particularly so if you’re in need of a bad credit loan. Be sure to do your homework and understand the terms of any loan before borrowing, too!