There’s a universal truth for every human: Each of us will make a mistake at some point. And unfortunately, money mistakes can be especially impactful. While personal loans can be an excellent financing option if you need fast funding, understanding the possible pitfalls that come along with them before you borrow is important. Here are common personal loan mistakes and how to avoid them. 1. Borrowing too much Even if you’re offered a large sum, it’s not recommended to borrow more than you need. While ...