Posts

Showing posts from October, 2008

The Pros and Cons of Unsecured Loans

An unsecured loan is an agreement between two or more parties that in which one, usually a bank or other lending company, will loan money to an individual without the individual needing to put up any assets as collateral for the loan. There are many types of unsecured loans, such as credit cards. One of the main advantages with unsecured loans is that there are companies everywhere that offer them. You can find them in banks or online. One of the biggest disadvantages is that an unsecured loan can be difficult to obtain if you don’t have a good credit report. It’s this report that lenders will rely on most heavily in determining your eligibility for the loan because they are considered high-risk loans. An unsecured loan may be right for you to help you with a temporary financial situation but you need to know the pros and cons before signing on the dotted line. One of the main benefits of an unsecured loan is that unlike secured loans , you don’t need to be a homeowner. A secured loa

Cash Loans – No Checks For Urgent Money

Sometimes, everyone lacks in sufficient money in hands to combat an emergency situation. For salaried people, cash loans are a timely solution for urgent money to avoid a late payment and penalty, repair a car the same day, and pay off any bill and so on. The applicant can find the loan in his or her bank checking account within 24 hours, after the lenders approving the loan within hours. However, one must avoid the debt-traps also. To take out these loans, the applicant must be serving some company for past six months at least and his or her monthly salary should not be less than $1000. The borrower must also have an active bank checking account. The applicant must also be a US citizen. cash loans can offer you anywhere from $100 to $1500 for a very short period of 14 days, enabling you to repay the loan at the time of your next payday. However, you can rollover the loan for a month also, if unable to repay on time. There is no security taken for the loan and, instead, the lenders giv

Personal Loans: Bid Farewell To Your Monetary Headaches

It will be wrong to think that financial problems can be eliminated forever. You can control them and get rid of them for a limited time period but throwing them away forever is impossible. Then, why should you let your headache increase by thinking about these? In stead, you should go for personal loans which can provide you good solution to handle situations. This single loan can give solution to all your problems because these are designed to be capable of catering everybody’s needs. Secured and unsecured, two forms of loans are here which are open for all. Though these are easily available but secured loans are not for all. These can be adopted only by those who have the capacity to offer anything like a house, car or stocks and bonds as security. Such borrowers will get to enjoy certain advantages too. For them the rate of interest will be lower and the amount offered will be higher along with a longer repayment term. So, here you can borrow an amount ranging from £5,000 to £75,0