Emily Batdorf

Flexible: Personal loans deposit a lump sum in your account, allowing you to use that money for a wide variety of purposes.
Set payment structure: Personal loans are usually installment loans with set APRs, meaning neither your APR nor your monthly payment will change over time.
No collateral needed: Most personal loans are unsecured, meaning that you don’t run the risk of losing a valuable item if you miss payments or default on the loan.
Fixed rates: Your rate won’t change while you’re paying off your loan, making your monthly payments predictable.

4+ years as a financial expert.
Work has appeared at MSN, GOBankingRates, New York Post, Forbes Advisor, Yahoo Finance, MarketWatch, and USA TODAY Blueprint.

Bio and experience

Emily Batdorf is a personal finance writer, specializing in banking, debt management, home buying, personal loans, and budgeting.

She has worked as an educator at the environmental nonprofit, Teton Science School, and as a contributing writer for Forbes Advisor, Yahoo Finance, USA TODAY Blueprint, and MarketWatch.