About Personal Unsecured Loan Lenders

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Personal unsecured loans are offered at many financial institutions, but one of the first places to look would be at a local credit union. Get a cash advance from a major credit card company with help from a financial specialist in this free video on personal loans and money management.

Part of the Video Series: Personal Loans
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Video Transcript

Hi, this is Matt McKillen with Innovative Financial Group. The question posed to me today is: What types of personal, unsecured loan lenders are there? I would say probably if you bank with a credit union, for example, that would be one of your first options to look for a personal loan. I do know that a lot of the major credit card companies -- the Visa, MasterCard companies -- a lot of times tied to your credit card account, they will also allow a cash advance for a personal type loan to be tied into your account. These are a couple of really good sources to look at. Another avenue to look for that's a personal loan would be through your employer. A lot of people will offer loans that can be taken out against their 401k. For example, if you have a 401k with your employer that's got a value of 10,000 dollars, a lot of times you can borrow up to 50 percent of it, which is really a personal loan for whatever use you want. And it's secured, basically, by your retirement account with your employer. But again, these are a couple examples of some personal loan programs that are available. And my name is Matt McKillen, and I'm with Innovative Financial Group.

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