Personal Loans

Personal Loans and The Federal Trade Commission

November 24th, 2009 No Comments

The Federal Trade Commission is a government regulated agency created in 1914 to protect consumers against the many types fraud committed by criminals including dishonest loan scams. The Federal Trade Commission has been given a lot of authority by the congress and uses this power to act on behalf of the nation’s consumers as well [...]

The Two Types of Personal Loans

February 1st, 2009 No Comments

Personal loans can be fairly easy to get. Even people who have poor credit or who haven’t established a credit rating can get one. All you really need to do is to verify your income, employment, and show proof of residence when you apply.
There are two types of personal loans, secured and unsecured. A secured [...]

What is an Unsecured Personal Loan?

January 28th, 2009 No Comments

An unsecured personal loan is a loan that does not require you to put up one of you assets as collateral. These types of personal loans can be easy to get but are usually associated with a higher interest rate. Because there is no collateral the lender considers it more of a risk. You may [...]

What is a Secured Personal Loan?

January 28th, 2009 No Comments

A secured personal loan is a loan where some type of collateral is promised to the lender as assurance that the loan will be repaid. The collateral is usually something of great value such as a house or a car and is necessary due to the fact that the borrower has fallen into a high [...]

Teach Yourself About Personal Loans on the Internet

January 18th, 2009 No Comments

The internet is a wonderful place to get information. You can find everything you’ll need to know about personal loans simply by typing the term into a search engine. There are plenty of great sites that explain all types of loans  as well as providing tips and pointers for finding the ones with the best [...]

Co-signing a Personal Loan for a Friend or Family Member

January 17th, 2009 No Comments

Getting asked to co-sign a personal loan for a friend or family member? If you agree to do it, this is a very generous gesture as it will likely mean the difference between them qualifying or not being eligible. However, the decision of being a co-signer for a personal loan should not be taken lightly. [...]