Unsecured Loans

If you have multiple sources of debt, you may be curious about the idea of using a personal loan for debt consolidation. This article will explain how the process works and the pros and cons of using a personal loan to consolidate your debt. We’ll also outline the situations where they make the most sense...

Our debt doesn’t define us, but it can absolutely impact our lives in profound ways. If it gets out of control, debt – and the anxiety it can cause – might even interfere with the things that matter most to us.  Figuring out how to manage your debt will help you take control of your...

If you find yourself in a tough spot and in need of financial help, personal loans can be a tempting option. But just because you could get a personal loan doesn’t necessarily mean that you should. To help you decide for yourself, we’ve put together a list of pros and cons, as well as some...

Here’s a loose definition of a payday loan: It’s a way to use your upcoming paycheck to borrow money when you NEED cash – and you need it fast. It’s a relatively small loan (no bigger than your paycheck), but it comes with a HUGE interest rate and a small window of time to repay...

There are times when you need money. You could opt for a personal loan or a home equity loan, but there is another option. A personal line of credit. It’s not as widely advertised by banks and other lenders, compared to credit cards or other kinds of loans. But if you need money and flexibility,...

You’ve encountered a major expense and you don’t know how you’re going to pay for it. It happens to the best of us – so don’t feel like you’re alone. After taking care of the necessities, it can be difficult to find the extra money to pay for unexpected expenses. Many people will take out...

At the most basic level, a personal loan is a sum of money that someone borrows from a lender. The borrower is then legally obligated to repay the loan, plus interest. In this article, we’ll explain in more detail the mechanics of how personal loans work, what people use them for, the different types and...

Credit is built around the concept of someone offering you something – like a good, a service or an asset – and expecting you to pay for it later. When it comes to types of credit (like personal loans), it’s kind of like a big I-O-U, except you aren’t making a deal with your buddy...

If you’re researching personal loans, the term unsecured personal loan usually comes up. But how is a secured loan different from an unsecured loan? Simply put, unsecured loans do not require collateral while secured loans do. We’ll explain how unsecured personal loans work, how they differ from secured loans and the pros and cons to...