![](https://www.bankrate.com/2024/03/25182234/are-people-doing-spring-financial-cleaning-using-personal-loans-in-your-state.png?auto=webp&fit=crop&width=230&height=150)
Are people doing spring financial cleaning using personal loans in your state?
Spring is a time to shake off winter — and that includes tidying up finances.
Your debt doesn't have to be tied to guilt — there are ways to ease it and empower yourself by being strategic about what and when you borrow.
— Rhys Subitch
Rhys Subitch is a Bankrate editor who leads an editorial team dedicated to developing educational content about loans products for every part of life. Rhys has edited articles, reviews and guides covering a broad range of topics in the consumer loans space, from debt consolidation to buying a car. Their experience spans student loans, auto loans and personal loans, and they have developed a passion for helping readers take control of their finances.
While Rhys has worked with credit cards and insurance in the past, they settled into loans content, where they have developed their expertise. In the past nine years, Rhys has researched, edited and written for several independent publications, startups, a university and a Fortune 500 company. Seven of those nine years have been devoted to personal and business finance content.
When Rhys isn't working, they enjoy spending time editing their husband's art, reading and watching hockey. They currently reside in Tacoma, Washington.
Rhys wants you to know:
My first auto loan was from a used car dealership. I didn't fully understand the lending process when I walked in, and because of that I got stuck with a term that was way longer than I wanted to be paying off my starter car. My second time around I did my research, got an excellent rate and a medium term, and I’ve paid off my car well before I want to trade it in.
Your debt doesn't have to be tied to guilt — there are ways to ease it and empower yourself by being strategic about what and when you borrow.
— Rhys Subitch
Spring is a time to shake off winter — and that includes tidying up finances.
Average personal loan interest rates hover around 11 to 12 percent in late 2023.
A personal loan can help, but there are cheaper ways to bolster your credit score.
With flexible terms and lower rates, this tool can be good for building credit.
If you’ve accumulated $15,000 or more in unsecured debt, Accredited Debt Relief may be able to help.
Bankrate's editorial team rates personal loan lenders on a scale of 1 to 5 stars, based on factors that fall under 4 categories.
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Make sure you're borrowing from the best of the best. Find the latest and greatest personal loan lenders with this year's Banakrate Awards.
Don’t confuse these soundalikes. They’re quite different.