I'm fortunate enough to have good credit and I qualify for a decent apr for a personal loan.

It would help give me breathing room for some time and help me make a career change. Are there any obvious traps to look out for?

Edit - Thanks for the advice, everyone! I'm not planning on taking out a loan anytime soon. I'm just under stress and hate my job. I just wanted to know if getting a loan would be a viable option to buy some time/recharge for a little bit without immediate bills on my ass.

  • sovietknuckles [they/them]
    ·
    2 years ago

    Taking out a loan to facilitate a career change is a little risky, because if the career change doesn't work out, the interest and monthly loan payments are still there. Any way you have to make the career change while avoid the loan would be better IMO, loans are traps.