Frequently Asked Questions

What services does this website provide?
This website provide links to online companies that provide personal loan services.
Click here to see our list of available personal loan companies.

What is a unsecured loan?
Unsecured personal loans, also commonly known as signature loans, are most often used by borrowers for uses such as debt consolidation, home repairs or improvements, vacations, or simply unexpected expenses. With unsecured person loans, the lender relies on the borrower’s promise to pay the loan back and does not require a collateral.

What is a secured loan?
A secured loan is a loan that requires some form of collateral such as a car, house, etc. Secured loans generally have a lower interest rate because the lender is taking a lower risk since by requiring collateral to secure the loan. Mortgages and car loans are the most common types of secured loans.

What is a installment loan?
An installment loan is a type of loan in which the borrower pays back the loan in fixed installments or payments over the term of the loan. These loans generally have a longer payback time than many short term unsecured loans such as payday loans.

What is a payday or cash advance loan?
A payday or cash advance loan is a short term loan used for emergencies. Loan amounts usually do not exceed $1000 and these loans must be paid back within a matter of weeks in most instances. Payday loans are a great way to get quick cash for an emergency situation but should not be considered long term lending solutions due to their higher rates and fees.

What will my interest rate be. How long do I have to pay the loan back?
Interest rates and payback terms will vary by lender. Please check with the lender directly for their specific rates and terms.

What credit score do I need to get approved for a loan?
Each lender looks at credit scores differently and some do not consider your credit score at all. For example a short term payday loan rarely requires a credit check while a more traditional long term unsecured loan may require a credit check and a credit score above a certain threshold. We have tried to provide options for any credit score, good or bad, within our directory of lenders.

How long will it take me to get access to the money?
Funding times may vary by each lender. Some lenders may issue funds in less than an hour while others may take a period of a few days, weeks or longer. Please check with the individual lender for estimated funding delivery times.

What about personal loans for people with bad credit?
We strive to provide loan options for people with excellent to very bad credit and so we have partnered with companies that provide personal loans for people with bad credit which are available online. Simply complete our short application to be matched with bad credit lenders instantly online with no obligation.

Who do I contact if I have other questions about my personal loan?
Please contact your lender directly for any additional questions regarding their services.

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