What You Can’t Use a Personal Loan For
Personal loans allow for flexible use of the loan funds, but there are some restricted loan purposes.
Written by
Freelance writer
Lindsay Frankel has been in personal finance for over eight years. Her work has been featured by MSN, CNN, FinanceBuzz, and The Balance.
Written by
Writer, editor
Jared Hughes has over eight years of experience in personal finance. He has provided insight to New York Post and and NewsBreak.
Written by
Senior editor
Meredith Mangan is a senior editor at Credible. She has more than 18 years of experience in finance and is an expert on personal loans.
Updated March 27, 2025
Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as “Credible.”
