SoFi Blog

Tips and news—
for your financial moves.

5 To-Do’s Before Taking Out a Personal Loan

It’s the classic financial dilemma: you’ve got a home improvement project you’d like to start or maybe you have some unexpected medical bills, but you don’t want to dip into your savings to cover the expenses.

If you have good credit, a personal loan could be the answer. But there’s a lot to consider, especially if you’re paying off student loans while also trying to build a solid nest egg. Here’s a five-point plan to help you out:

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For Love & Money: A Facebook Live Event

Should you be expected to help pay off your spouse’s debt?

How much would you spend without feeling like you had to tell your significant other?

Who makes more money, and how does that affect your relationship?

At SoFi, we’re all about your success — in your finances, your career, even your relationships. And research shows that the #1 cause of relationship stress is… you guessed it… finances. That’s why we’re launching For Love & Money, our first Facebook Live event, where expert financial therapist Amanda Clayman helps couples be open and honest about dollars and cents.

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