We don’t live in a money society. We live in a credit society. To get even the smallest personal loan, you need a credit score. And how do you get that? Probably from a credit card. Weird, right?
And once you have a credit card, you’re now part of the debt industrial complex. At Well Wallet we’re thinking of ways to disrupt this cycle. More on that to come. In the meantime, here is our take on the personal loan market, along with some traps to avoid. Why a personal loan? Only enough, it’s a tool used to escape credit card debt.