{"id":12519,"date":"2020-09-21T19:00:37","date_gmt":"2020-09-21T19:00:37","guid":{"rendered":"https:\/\/www.loanry.com\/blog\/?p=12519"},"modified":"2023-01-28T23:27:51","modified_gmt":"2023-01-28T23:27:51","slug":"weirdest-reasons-americans-take-personal-loans","status":"publish","type":"post","link":"https:\/\/www.loanry.com\/blog\/weirdest-reasons-americans-take-personal-loans\/","title":{"rendered":"The Weirdest Reasons Americans Have Taken Out Personal Loans"},"content":{"rendered":"<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-12594\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/The-Weirdest-Reasons-Americans-Have-Taken-Out-Personal-Loans-2.jpg\" alt=\"\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/The-Weirdest-Reasons-Americans-Have-Taken-Out-Personal-Loans-2.jpg 1200w, https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/The-Weirdest-Reasons-Americans-Have-Taken-Out-Personal-Loans-2-300x169.jpg 300w, https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/The-Weirdest-Reasons-Americans-Have-Taken-Out-Personal-Loans-2-1024x576.jpg 1024w, https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/The-Weirdest-Reasons-Americans-Have-Taken-Out-Personal-Loans-2-768x432.jpg 768w, https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/The-Weirdest-Reasons-Americans-Have-Taken-Out-Personal-Loans-2-500x281.jpg 500w, https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/The-Weirdest-Reasons-Americans-Have-Taken-Out-Personal-Loans-2-800x450.jpg 800w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>In 2019, more than 20 million Americans had personal loan debts \u2013 more than double the amount of people compared to 2012*. Not only this, but the amount that people are borrowing is also on the rise; in the last five years the <a href=\"https:\/\/www.loanry.com\/blog\/personal-loan-statistical-overview\/\">number of people with a personal loan debt<\/a> of over $30,000 has risen by 15%**.<\/p>\n<p><iframe id=\"youtube-video\" src=\"https:\/\/www.youtube.com\/embed\/v5a40Jy4wbU?rel=0&amp;showinfo=0?ecver=2\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" data-mce-type=\"bookmark\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p><a href=\"https:\/\/www.loanry.com\/personal-loans\">Personal loans<\/a> are those that people take out that are not attached to a specific asset such as a car or a home and are usually a fixed amount that need repaying with a fixed rate over a fixed period of time.<\/p>\n<p>These loans can be taken out for any reason and to find out just how wide-reaching the possibilities of a personal loan can be, we asked 5,086 loan brokers and personal bankers about the strangest things people have asked to borrow money for.<\/p>\n<h1>The 20 Weirdest Reasons Americans Have Taken Out Personal Loans<\/h1>\n<p>In no particular order are<\/p>\n<h2 style=\"text-align: center;\"><\/h2>\n<hr \/>\n<h2 style=\"text-align: center;\">1. To Buy a Tiger<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12573\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/tiger.gif\" alt=\"tiger\" width=\"606\" height=\"425\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">2. To Build a Statue of a Loved One<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12572\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/statue.gif\" alt=\"Statue of liberty\" width=\"611\" height=\"336\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">3. To Follow David Hasselhoff on Tour around Europe<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12571\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/david.gif\" alt=\"David\" width=\"608\" height=\"456\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">4. To keep an Affair Secret<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12570\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/shh.gif\" alt=\"The Office shh\" width=\"608\" height=\"342\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">5. To Hire an Undisclosed Celebrity to be Present at the Birth of Their Child<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12569\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/childbirth.gif\" alt=\"Maggie Simpson giving birth\" width=\"613\" height=\"467\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">6. To Build a Working Replica of a Trebuchet (A Type of Catapult)<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12588\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/trebuchet.gif\" alt=\"A catapult\" width=\"608\" height=\"456\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">7. To Go Missing for a While<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12566\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/homer-gone.gif\" alt=\"Homer disappearing in the bushes\" width=\"603\" height=\"450\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">8. To Hire an Acting Troupe to Recreate the Game of Thrones Red Wedding at Their Own Wedding<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12587\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/got.gif\" alt=\"Game of Thrones\" width=\"608\" height=\"342\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">9. To Fund a Trip to Every Applebee&#8217;s in the US<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12586\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/roadtrip.gif\" alt=\"Carpool karaoke\" width=\"616\" height=\"339\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">10. To Get a Qualification in Taxidermy<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12585\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/bart.gif\" alt=\"Bart Simpson\" width=\"608\" height=\"466\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">11. To Have Plastic Surgery to Look Like Kris Jenner<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12584\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/kris-jenner.gif\" alt=\"Kris Jenner\" width=\"606\" height=\"341\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">12. To Go on a Stag Do in Vegas<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12583\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/las-vegas.gif\" alt=\"Las Vegas\" width=\"603\" height=\"339\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">13. To Buy True Crime Memorabilia<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12582\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/guilty.gif\" alt=\"Guilty on all counts\" width=\"611\" height=\"344\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">14. To Get a Beard Hair Transplant<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12581\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/hagrid.gif\" alt=\"Hagrid\" width=\"608\" height=\"444\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">15. To Get a Waterslide Installed in Their House<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12579\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/waterslide.gif\" alt=\"A waterslide\" width=\"599\" height=\"442\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">16. To Hire a Private Jet to Impress Dates<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12578\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/private-jet.gif\" alt=\"Private jet\" width=\"603\" height=\"251\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">17. To Build an Underground Nuclear Shelter Inspired by the Video Game <em>Fallout<\/em><\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12577\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/harry.gif\" alt=\"Harry Potter\" width=\"611\" height=\"344\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">18. To Buy a Diamond Grill Mouthpiece<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12580\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/bling.gif\" alt=\"Bling bling\" width=\"603\" height=\"339\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">19. To See What $10,000 in Cash Actually Looked and Smelled Like<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12576\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/dolla.gif\" alt=\"dollar bills\" width=\"605\" height=\"454\" \/><\/p>\n<hr \/>\n<h2 style=\"text-align: center;\">20. To Buy a Vintage Arcade Machine<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-12575\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2020\/09\/pheobe.gif\" alt=\"pheobe\" width=\"603\" height=\"340\" \/><\/p>\n<hr \/>\n<p>Ethan Taub, founder of Loanry.com, said,<\/p>\n<blockquote><p><strong><span style=\"color: #845ec2;\">\u201cAt Loanry.com, our goal is always to make people feel more at ease about their finances, and choose the perfect option for them &#8211; whether it be a mortgage for their first home, or a loan to buy their first car, we help people access dozens of different debt products. We can\u2019t be certain which, if any, of these applications for loans were successful &#8211; however, we encourage everyone to be; cautious when taking on debt, use loans responsibly, and to ensure they pursue every avenue available to them to make the right choice.\u201d<\/span><\/strong><\/p><\/blockquote>\n<p>If you ever consider taking out a loan for a tiger (PLEASE DO NOT) or any RESPONSIBLE reason, shop for a loan and apply here, on Loanry. The key is finding a good lender. This is where we come in. Together with our partner Fiona, we connect you with reputable lenders within minutes. It takes only a minute to fill out the form below and we&#8217;ll find personalized offers for you.<\/p>\n<h6>*https:\/\/newsroom.transunion.com\/fintechs-continue-to-drive-personal-loans-to-record-levels\/<br \/>\n**https:\/\/www.experian.com\/blogs\/ask-experian\/research\/personal-loan-study\/<\/h6>\n<a class=\"arb-banner\" href=\"https:\/\/key.goalry.com\/get-member-key?utm_campaign=organic&utm_source=loanry&utm_medium=personalloanscategory&utm_content=banner\"><img class=\"arb-banner-img\" src=\"https:\/\/www.loanry.com\/blog\/wp-content\/uploads\/2022\/02\/loanry-big-banner.jpg\" alt=\"Loanry\"><\/a>","protected":false},"excerpt":{"rendered":"<p>In 2019, more than 20 million Americans had personal loan debts \u2013 more than double the amount of people compared to 2012. Not only this, but the amount that people are borrowing is also on the rise; in the last five years the number of people with a personal loan debt of over $30,000 has risen by 15%.<\/p>\n","protected":false},"author":21,"featured_media":12593,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[15],"tags":[846],"acf":[],"_links":{"self":[{"href":"https:\/\/www.loanry.com\/blog\/wp-json\/wp\/v2\/posts\/12519"}],"collection":[{"href":"https:\/\/www.loanry.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.loanry.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.loanry.com\/blog\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.loanry.com\/blog\/wp-json\/wp\/v2\/comments?post=12519"}],"version-history":[{"count":31,"href":"https:\/\/www.loanry.com\/blog\/wp-json\/wp\/v2\/posts\/12519\/revisions"}],"predecessor-version":[{"id":18026,"href":"https:\/\/www.loanry.com\/blog\/wp-json\/wp\/v2\/posts\/12519\/revisions\/18026"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.loanry.com\/blog\/wp-json\/wp\/v2\/media\/12593"}],"wp:attachment":[{"href":"https:\/\/www.loanry.com\/blog\/wp-json\/wp\/v2\/media?parent=12519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.loanry.com\/blog\/wp-json\/wp\/v2\/categories?post=12519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.loanry.com\/blog\/wp-json\/wp\/v2\/tags?post=12519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}