People are using artificial intelligence more and more, including when it comes to money.
According to Money Management International, their clients are finding them by asking AI for help getting out of debt.
“Sixty percent of these AI-referred clients have personal loans,” Ted Rossman, with Money Management International, said.
Personal loans are unsecured loans; it’s often cash used for a number of things, with Rossman adding, “It tends to be more consumer debt.”
MMI says clients referred from ChatGPT carry an average of $42,500 in debt, which is above the overall average they see.
“It’s practical expenses, it’s medical bills, it’s car repairs,…