Unsecured Loans

Unsecured loans are available from banks and lending institutions in the USA. It is likely that you will need a good credit rating to apply for an unsecured personal loan. Unsecured personal loans are a popular way of borrowing money. Unlike with a secured loan it is not necessary to provide an asset as collateral for the security of the loan. Depending upon your credit rating you should be able to borrow a substantial sum over a period of time. In some cases it may even be possible to borrow over a ten year period. As with all loans it is worth keeping the amount you borrow to a minimum as the repayments on large loans can become extremely expensive. If you are unsure about the type of loan you want it is worth seeking expert financial advice. Any loan you decide to take out will come with serious financial obligations and getting into debt is best avoided. Make sure loan repayments are made on time and it is essential that you read the terms and conditions.

Search Report: Personal Loans  Unsecured Loans  Secured Loans

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COMPANYTYPE

TYPE

Lender / Broker

APR

APR

The term annual percentage rate describes the interest rate for a whole year (annualized), rather than just a monthly fee/rate

LOAN AMOUNT

LOAN AMOUNT

Amount you can borrow

MIN TERM

MIN TERM

Minimum borrowing period

MAX TERM

MAX TERM

Maximum borrowing period

TERMS

TERMS

Terms and conditions of loan

SUITABLE

SUITABLE

Applicants the loan is suitable for

RESTRICTIONS

RESTRICTIONS

Restrictions regarding potential borrowers

SECURED LOAN

SECURED LOAN

Loans secured with an asset

UNSECURED LOAN

UNSECURED LOAN

Loans which are not secured with an asset

MORE INFO

First Choice Capital Resources
First Choice Capital Resources

BrokerVariesUp to $2,5001 Month36 MonthsTerms

Terms

See terms and conditions

Suitable For

Suitable

If you have bad or no credit

Restrictions

Restrictions

See individual lenders terms and conditions

NoYesFirst Choice Capital Resources
First Choice Capital Resources (FCCR) is dedicated to finding the right lender to fit your personal needs. They also provide 'loans for bad credit'. They provide a fast, secure, and private way to borrow the Cash you need! Get up to $2,500 to use however you like-- Bankruptcy and bad credit is NOT an issue. They have a quick and easy online approval. Their unique program matches your needs with the right lenders for instalment loans, payday loans, and merchandise credit lines. They maintain a database of these different type lenders, and show your profile to the best lenders for your unique situation. You create one simple online profile, and they search their entire network for you. DETAIL INFORMATION >>Services

Services

Instant online application acceptance


Advantages

Advantages

1. Pay off bills.
2. Take a vacation.
3. Make home improvements.
4. Use the money in any manner you like.
5. Bankruptcy - no problem
6. Flexible payment terms
7. Past credit problems OK.


Disadvantages

Disadvantages

1. You have to apply to obtain the fees and charges

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Compare Unsecured Loans

Explaining unsecured loans

There are two kinds of personal loan, secured and unsecured. Both are available from banks if you have a good credit history. However, if you do not have a good credit score then you will need to approach different lending institutions for your loan. While secured loans are likely to have a lower interest rate in comparison to an unsecured loan you usually have to be a home owner to obtain a secured loan. Unsecured loans are available in one form or another to almost anyone. There is no doubt that all lenders will perform some sort of credit check when you apply for an unsecured loan but there are some available to people with bad credit.

Be careful when applying for an unsecured loan

If you have bad credit and are applying for an unsecured loan you need to be careful. There are loans available to people with bad credit but some of them can be exceedingly expensive. If you are looking for an unsecured loan it is vital to look around and work out which lender can offer you the best deal. Brokers are probably best avoided unless you are finding it impossible to obtain a loan. However, if this is the case you may find that you are simply not eligible.

Keep your borrowing down if you can

It is essential that you keep the amount of money you borrow to a minimum especially if you have bad credit. This will mean that ultimately your loan repayments will be kept as low as possible. You must also make sure that you make your loan repayments on time with unsecured loans as there will often be penalty fees and charges for late payments. It is really important to read the terms and conditions of unsecured loans before you apply. The terms and conditions will include all of the detail you should know about regarding the loan and this will ensure that you fully understand your financial obligations.

Is an unsecured loan right for you?

Do you want to borrow money to pay for a holiday or wedding? If the answer to this is yes then an unsecured loan could be the perfect solution for you. It is important that you are able to make the monthly repayments without fail so do not think about taking out an unsecured loan unless you are certain you will be able to. If you default on payment you could end up in court and your credit history will be adversely affected.

How to compare unsecured loans

It is always best to shop around for the best interest rates when looking at unsecured loans. Remember than you might not be offered the advertised rate when you apply though so ensure that you read the terms and conditions carefully before you apply. If you have a low credit score then the interest rate that you will be offered will be higher than otherwise. Always get independent financial advice if you are in any doubt.

Unsecured Loans - Latest News News and Charts

Borrowing Money

09 February 2011
Which Way To Pay

Before deciding to borrow money it's important to work out whether you'll be able to repay it in the future. Check your income against outgoings to see what you would have left at the end of each month to repay borrowings.

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