Things You'll Need:
- Social security number
- Applications
- Established credit
- Income
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Step 1
Download your credit report and credit score, checking for errors and noting your credit score, which will largely determine the rates you'll receive from lenders.
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Step 2
Look at online peer-to-peer lending services, which match investors to borrowers to beat the rates of banks and create a win-win situation for consumers. Good credit is important in order to qualify for sites such as Zopa (link below).
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Step 3
Ask your local bank branch manager about unsecured personal loans through the bank. If you have an established account in good standing and have been an account holder for along period, you will have an easier time receiving a personal line of credit from the bank.
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Step 4
Consider pay day loans only as a last resort, as these are often unregulated and have incredibly high interest rates that often trap you in a cycle of payday loans. it is usually best to avoid them altogether, unless the fees and interest rate are reasonable.
Comments
violet4me said
on 11/5/2009 Good pointers for getting an unsecured loan.
Elizabethknows said
on 11/5/2009 cool never knew the bank offered unsecure loans. 5*