How to Use a Personal Loan to Turn Your Great Credit into Better Cash Flow

The high-income paradox

Here’s the thing most people don’t understand about six-figure earners: your income is only one piece of your financial story. And a higher salary doesn’t always mean you have liquidity. Six-figure earners often struggle to maintain a sufficient cash reserve for discretionary spending or unexpected expenses.

Between high tax brackets, student loan obligations, business expenses, private school tuition, mortgage payments, lifestyle demands, and supporting aging parents or children—your take-home pay often disappears just as fast as it arrives.

Common causes of liquidity strain

Real life is expensive—and unpredictable. Several factors can contribute to cash flow constraints, even for those with impressive incomes:

• Credit card balances with high APRs that compound and create a cycle of debt.
• Professional expenses like licenses, recertifications, or association fees.
• Tuition—both for kids and your continued professional education.
• Home renovations or repairs that increase ROI but require significant out-of-pocket cash.
• Irregular income from bonuses, commission checks, or seasonal work.

When these expenses overlap, you need to find a flexible financing solution—fast.

With the right personal loan, backed by your excellent credit, you can regain control of your cash flow and reduce monthly strain.

Consolidate high-interest debt into one lower monthly payment

One of the most impactful ways a personal loan can improve cash flow is by enabling debt consolidation. If you have credit card debt or other high-interest balances, consolidating them can help combine these debts into a single, predictable monthly payment.

Not only does consolidation help simplify your finances, it also often results in a lower overall interest rate and more manageable monthly obligations.

 
Advertised rates are subject to change without notice.
Monthly payment is a representative example and for illustrative purposes only.

* BHG monthly payment based on BHG’s minimum available APR for a 10-year term, which is 14.63% as of 08/01/25 and includes an origination fee. Your actual loan size, loan term, and monthly payment amount may vary based on your individual credit profile and other information provided in your loan application. Terms subject to credit approval.

Replace unpredictable variable interest rates with a fixed rate

Variable rates that fluctuate according to market conditions are a wildcard, especially given the ongoing challenges in the market.  This makes it difficult to budget accurately, especially for busy professionals who manage both personal and business finances.

A personal loan with a fixed interest rate brings clarity and predictability because you know exactly what to expect each month.

Extend your repayment term to reduce monthly obligations

Longer terms translate into lower monthly payments. With a lender like BHG Financial, you can extend repayment terms up to 10 years.^1,2 Extending the term may mean paying more interest over the total life of the loan, but when done responsibly, it can provide crucial financial breathing room.

Carefully consider your financial situation and your budget to ensure you choose terms that align with your overall financial strategy.

Borrowers with prime credit—those with scores over 700—can leverage their financial track record to secure stronger personal loan offers.

Qualify for lower interest rates and higher loan amounts

If you have excellent credit, you’re more likely to qualify for lower rates and to gain access to higher loan amounts. The average personal loan interest rate for a 24-month loan is around 12%, according to the Federal Reserve; however, lenders often advertise rates as high as 27%, depending on an individual's creditworthiness. The better your score, the lower your rate.

Unlock flexible, unsecured financing without collateral

Most personal loans are unsecured, meaning you don't need to put up any collateral, such as your home or car, to secure the loan. For high-income individuals with significant assets, this is a major advantage. It allows you to access the funds you need while preserving your assets. You won't face the risk of losing an asset if unforeseen circumstances arise during your repayment period.

Shop smarter with prequalification tools

Before formally applying for a personal loan, it's wise to use prequalification tools to explore your loan offers. These tools involve a "soft credit check," which allows you to compare potential offers without negatively impacting your credit score.

At BHG, we offer this same soft inquiry prequalification. This means you can explore personalized offers that reflect your credit strength—with no risk to your score.³

Funding large purchases or expenses without draining savings

Consider Sarah, a corporate attorney who needed to renovate her home office and renew her professional certification—both critical investments but totaling nearly $50,000.

Rather than depleting her emergency fund, she took out a personal loan to pay for her expenses. Her credit unlocked a low APR and preserved her savings.

Smoothing out seasonal or variable income

John, a consultant, loves the freedom of contract work, but hates the cash flow restraints he experiences between client payments. Instead of relying too heavily on high-interest credit cards, he decided to use a personal loan to create a cushion—enough to bridge slow periods and avoid dipping into long-term savings. This allowed him to work confidently and reclaim some breathing room in his budget.

At BHG Financial, we understand the distinct financial landscape of high-income professionals. Our personal loan solutions are designed with your unique needs in mind, setting us apart from traditional, one-size-fits-all lenders.

Loans designed for professionals, not just general borrowers

BHG offers a white-glove alternative to impersonal lending experiences. Our process is tailored, incorporating a hybrid application approach that combines digital convenience with personalized support.

We recognize that high-income earners often have complex financial situations, and our experienced team of loan experts is well-equipped to help you select a financing solution that supports your short- and long-term goals.

High loan limits (up to $250K) and terms up to 10 years^1,2

Unlike many lenders, BHG Financial offers substantial loan amounts, up to $250,000.¹ This makes our personal loans ideal for consolidating significant balances, refinancing large obligations, or investing in your career.

Additionally, our flexible repayment terms, which extend up to 10 years,^1,2 help keep monthly payments low, providing the financial breathing room that many high-income professionals need.

Considering a personal loan to improve your cash flow? Here's a straightforward guide to the application process:

Assess your current debt and monthly obligations 

Before you apply, map out your expenses to get a clearer look at your financial picture, financing needs, and the monthly payment you can comfortably afford. This includes:

• Listing all outstanding debts (credit cards, other loans), including the interest rate and minimum payment for each debt.
• Calculating your total monthly income and debt-to-income ratio.
• Adding up monthly expenses (utilities, groceries, insurance premiums, etc.)

Compare loan offers from lenders that cater to professionals 

Look beyond the interest rates and the cost of borrowing when comparing loan offers; consider the loan terms, fees, and the overall customer service experience.

More importantly, shortlist lenders that understand and cater to the needs of professionals. BHG Financial is specifically designed to meet the demands of high-income individuals, offering a more personalized approach than many traditional banks. We’ll curate multiple loan offers for you to choose from and help you select the solution that best suits your needs.

Apply with confidence—look for no-impact credit checks

Finally, prequalify with lenders that allow you to explore your options without compromising your credit. BHG lets you get a personalized offer in seconds⁴ and decide if it’s the right choice for you—risk-free.

Great credit is more than a number—it’s leverage. You can use your credit to reduce stress, increase flexibility, and take control of your financial future.

Ready to see the possibilities? Explore your personal loan options with BHG Financial—no credit impact to view your offer.³