personal loan information and resources




Personal Loans

A personal loan is an unsecured loan made to individuals. With most loans the money you borrow is secured by the equity in your home or by some other personal property or asset, but an unsecured personal loan is not guaranteed by any collateral. Personal loans, because they are unsecured, generally have higher interest rates than you would find on many other types of loans. If you are able to obtain a home equity loan (or second mortgage) you will most likely get a better interest rate. Moreover, you will be able to deduct the interest from your taxes. A personal loan may be used for any purpose you wish such as home repairs or improvements, unexpected expenses, major purchases, debt consolidation, vacation or any other purpose. When you apply for a personal loan using the internet it is a confidential, secure, no obligation process that is usually free.

home / establishing credit / credit awareness / credit repair / credit report / credit cards / bankruptcy
credit scoring / loans / credit resources / other resources / tools