Personal Loans

With its high interest rates and seemingly endless payments, credit card debt has become overwhelming for many consumers. Many borrowers are seeking alternatives such as home equity loans. But what if that's not an option? A personal loan could be the answer.

Personal loans are small loans that may or may not require collateral.... more »

Are you thinking about getting a personal loan from the bank to make minor repairs or consolidate other bills? Typically, interest rates are lower for loans secured by collateral than they are for unsecured loans. Rates and amounts available to borrow will vary depending on each borrower's credit score, income, source of income, and... more »

The prime lending rate affects interest rates on personal loans but is not the deciding factor. A borrower's credit score, collateral if offered, outstanding debt and ability to repay the personal loan also determine the rate. Interest rates are usually higher for unsecured loans and lower for loans secured by collateral. more »

Personal loans are one of the least expensive forms of debt. They can come in many forms, and before taking on a personal loan, investigate the terms carefully. Look for fees, penalties, time frame information and anything relevant to the agreement. Only examining the interest rate before taking on the loan is a mistake--many... more »

High risk personal loans are the most expensive and dangerous borrowing option available. Companies that offer them frequently don't even conduct credit checks, making them available to just about anyone with a valid driver's license. The amounts are generally small and the duration of the terms are short--but they charge massive fees... more »