A unsecured personal loan can give you the financial flexibility to take on nearly anything you want to do next in life. Maybe you're ready to start home renovations. Or perhaps you've been thinking about consolidating debt. There are so many ways you can use the funds including:

• Home or car repairs

• Unexpected expenses, like replacing your washing machine or paying the vet bill

• Medical and dental expenses that aren’t covered by your health insurance

• Consolidating debt

• Tuition and other education costs

• Special events like weddings and family vacations

• Almost anything else you can think of

Sometimes life has surprises up its sleeve. A personal line of credit can be your backup plan for when the curveballs come flying, like:

• Car and home repairs

• Replacing major appliances

• Medical, dental, and vet bills

• Unplanned, last-minute travel

• Seasonal expenses like summer vacations or holiday gifts

With a line of credit, you borrow the money you need when you need it, up to a set limit. Then, you pay it back over time. Your monthly payment may change depending on how much you borrow. As long as your line of credit is open, you can continue to borrow money and pay it back, up to your maximum limit.

A credit card is an account that lets you borrow money to pay for everyday purchases such as gas and groceries. It can also be a great resource for purchasing big-ticket items such as appliances, travel packages, and home renovations because the funds for these items aren’t always immediately at your disposal.

The advantages of credit card spending may include earning rewards, travel points, handling emergencies or unplanned expenses, and building credit.  If used responsibly, credit cards can be a key financial tool.

Credit card benefits

• Rewards such as cash back, miles, or points

• Protection against fraud

• Increased purchasing power

• Not linked to a checking or savings account

• Putting a hold on a rental car or hotel room

• Building credit history