Bankrate registered link View in browser link graphic Bankrate registered Expert Insights link click upn equals w U Cdtj ZLR 3u Bjur 359x F… link Most personal loan applicants seek to consolidate debt Debt consolidation and emergency expenses are the most common reasons people are seeking personal loans, according to a new Bankrate study. We examined responses from more than 160,000 Americans seeking prequalification on a personal loan in the first quarter of 2020 to understand why consumers were seeking to borrow money, how the loan sizes varied by purpose and more. Here are the key findings: list with 3 items bullet Most consumers are looking for loans of $2,000 to $25,000. bullet Debt consolidation and emergency expenses are the most common loan uses. bullet Emergency expenses require the smallest loans, while debt consolidation requires the largest. out of list Read our first link quarterly personal loans prequalification study for more information on how consumers are using personal loans. link Read more Follow Bankrate on social media for more great financial news and tips. link graphic fb link graphic insta link graphic in link graphic tw link Mortgages link Banking link Credit Cards link Loans link Investing link Insurance link Personal Finance link Retirement Copyright 2020 Bankrate LLC. All Rights Reserved. Bankrate LLC bullet 3801 PGA Boulevard bullet Suite 555 bullet Palm Beach Gardens, FL 33410 You received this update at hello at Smiles Davis dot yeah because you have a Bankrate account. You may unsubscribe from this email link here or manage your subscriptions link here dot View our link privacy policy dot