Personal Loans Explained: When They Help and When They Hurt | Smart Money

Thinking about taking out a personal loan? Before you apply, make sure you understand how personal loans work and whether they’re the right financial tool for your situation.

Paige Monet sits down with Tiara Neal of Del-One Federal Credit Union to discuss debt consolidation, building credit, avoiding common borrowing mistakes, and tips for improving your financial future.

Whether you’re just starting your financial journey or looking to better manage existing debt, this conversation is packed with practical advice you can use right now.

Watch the full Smart Money segment and learn how to borrow responsibly, build stronger credit, and make informed financial decisions.

Sponsored by Del-One Federal Credit Union | Filmed on location at Del-One Federal Credit Union