Ted Braun, CFP® Vice President and Financial Advisor at Wealth Enhancement Group was quoted by U.S. News & World Report in the article “Personal Loan vs. Personal Line of Credit.”

“Braun says personal lines of credit are more useful in ‘what-if’ scenarios, when you know you'll need more cash than you have but don't know how much more. ‘A personal line allows for flexibility when you are uncertain on how much you might need.’”

Read his full commentary and advice regarding personal loans and personal lines or credit here.

Written by Coryanne Hicks.