Washington Post

Personal loans are 'growing like a weed,' a potential warning sign for the U.S. economy

Americans are hungry for personal loans that they can use as quick cash to pay for anything from vacations to credit card debt, a potential red flag for the economy.

Personal loans are up more than 10% from a year ago, according to data from Equifax, a rapid pace of growth that has not been seen on a sustained basis since shortly before the Great Recession. All three of the major consumer credit agencies -- Equifax, Experian and TransUnion -- report double-digit growth in this market in recent months...

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