Find a personal loan.

When it comes to consumer lending products, there are many options available online with a variety of use cases. For those in need of access to cash that isn’t tied to one specific use (e.g., an auto loan or student loan), there are two main avenues to take that, while somewhat similar, differ in several key aspects. They are a personal line of credit and a personal loan.

When looking or applying for a personal loan, the terms “pre-approved” and “pre-qualified” are thrown around quite often. The question is, what do these terms mean? And furthermore, how do they differ from each other? In broad terms, pre-approval and pre-qualification are both methods lenders use to determine the likelihood an applicant will be ultimately approved for a loan, as well as the amount, rate, and other offer details.

If you need to smooth out your income, a credit card might be best for your situation. But a personal loan may have many advantages you weren’t aware of.