http://www.loan.com/personal-loans/ Personal loans are fairly small general purpose lending tools that enable people to borrow money. This type of funding can include unsecured personal loans and secured personal loans. It might also include payday loans, which are very-short term deals that are normally paid off in a day or two. While personal loan rates tend to be lower than credit cards, they generally cost more than mortgage loans. Bad credit personal loans, however, can come at a rather hefty price. This type of funding is generally sought out when people need to borrow a few thousand dollars to do things like consolidate debt, make home improvements or even fund vacations. http://www.loan.com/personal-loans/is-it-possible-to-get-a-payday-loan-without-a-checking-account.html You can get a payday loan without a checking account if your payday lender is willing to provide you with cash or a cashier's check. Payday lenders are often willing to do this. Payday lenders often work with low income individuals who do not have operational checking accounts. There are a few hurdles and some risks in receiving cash for your payday loan. Need Checking Account for Paychecks The first thing to keep in mind is many jobs will require you have a checking account in order to process your employment. Even if you are not opting for direct... Tue, 03 Nov 2009 15:05:00 -0800 http://www.loan.com/personal-loans/how-to-qualify-for-a-high-risk-personal-loan.html High risk personal loans are usually extended by high risk lenders who will asses a greater interest rate due to the greater risk involved. These loans can be used to pay emergency medical bills, get through a difficult time after losing a job and other forms of immediate financing. They are considered high risk because the borrower has poor credit and is not securing the loan with an asset. Qualifying for a high risk loan depends on factors other than a credit rating for this reason. The Role of Credit Your credit score will play a role when the... Tue, 03 Nov 2009 15:04:00 -0800 http://www.loan.com/personal-loans/personal-loans-for-people-with-bad-credit-where-to-begin.html There are a number of options for personal loans for people with bad credit to gain financing and start rebuilding their credit score. When you have bad credit, you should be prepared to be treated as a high-risk borrower. This means you will have a harder time finding a loan, and your loan will be more expensive. However, if you go about the process right, you can start the path to rebuilding the confidence lender's have in your ability to pay.  Determine Why you Need Financing Before taking a loan, consider why you are in need of the money.... Tue, 03 Nov 2009 15:03:00 -0800 http://www.loan.com/personal-loans/do-interest-rates-for-wedding-loans-differ-from-other-personal-loans.html Wedding personal loans are given by both traditional and alternative lenders. They are not altogether different from other personal loans in a number of ways. Some wedding loans are actually just personal loans. You do not always need to stipulate how the funds will be used. You will simply be asking for a loan to be paid back in traditional installments. These loans may come directly through your bank, even, either in cash or in the form of a credit line. Both wedding loans and other personal loans are usually unsecured. This means they do not require collateral, and... Tue, 03 Nov 2009 15:00:00 -0800 http://www.loan.com/personal-loans/payday-loans-vs-bank-loans-the-best-choice-for-immediate-cash.html Payday loans are cash advances on income that is anticipated within a short period of time. This type of loan tends to have a brief lifespan, but can end up costing borrowers more than traditional bank loans in regard to interest and fees. When it comes to speed of approval and actual release of cash, however, it is hard to top payday loans. The Loan Application Process Although the specific loan application process for payday loans can vary based on the provider, this type of loan typically requires minimal information. Firms that offer short term personal loan vehicles will... Mon, 02 Nov 2009 15:05:00 -0800 http://www.loan.com/personal-loans/how-a-recession-can-affect-personal-loan-lending.html Options for personal loan lending will be limited in a recession. Even those individuals with excellent credit cannot assume they are immune to the global and national credit cycles. Seeking a personal loan means you will be competing with more people for less available options. Getting that loan will depend on your ability to understand the credit market and make yourself an appealing candidate. Less Liquidity in the Market During recessions, there is less money floating around for the taking. Even banks do not have easy access to cash. This means they cannot extend that cash to consumers in... Thu, 29 Oct 2009 15:08:00 -0800 http://www.loan.com/personal-loans/how-a-recession-can-affect-your-personal-loan-application.html Your personal loan application will be subject to higher standards in a recession. It is easy to think that the global credit market will not affect your loan application, but the opposite is true. The credit market at large will always have an impact on individual borrowers, regardless of credit. You can minimize the impact of a bad market by preparing your application accordingly. Less Loans Available During a recession, banks and lenders have less cash to lend. This occurs when large customers and small customers alike begin defaulting on their loans. Nearly all businesses and households operate on... Wed, 28 Oct 2009 15:06:00 -0800 http://www.loan.com/personal-loans/how-a-recession-can-affect-personal-loan-rates.html The national credit market directly affects personal loan rates. During a recession, the national credit market suffers tremendously. As business and people alike default on their loans, banks and lenders do not have the cash needed to continue to fund new loans. The result is a very tight market for credit and a very low appetite for risk among lenders. When you are seeking personal loan approval in a recession, there are factors outside of your control affecting your interest rates. National Interest Rates The Federal Reserve tends to lower the national interest rate in a recession. This is... Wed, 28 Oct 2009 15:05:00 -0800 http://www.loan.com/personal-loans/tenant-loan-lenders-questions-to-ask.html Tenant loans are loans given to any person that does not own property. Since the borrower does not have a home or real estate, the borrower does not usually place collateral in order to secure the loan. This means the loans are higher risk for the lender, more expensive for the borrower and may come with unfavorable loan terms. Whenever you are applying for an unsecured personal loan, you should be careful to ask questions about the contract. Can the Interest Rate Adjust? Unsecured loans are more likely to have variable interest rates than secured loans. The variable rates... Tue, 27 Oct 2009 15:02:00 -0800 http://www.loan.com/personal-loans/applying-for-a-tenant-loan-with-bad-credit.html Borrowers can get a tenant loan with bad credit even if they have no collateral, however, they will face more restrictive terms and higher interest rates. These loans offer borrowers who do not own a home an opportunity to get a loan. To make your strongest application for a bad credit tenant loan, it’s important to know what tenant loans are, what typical terms are and how bad credit affects your loan. What Are Tenant Loans? Tenant loans originated in the United Kingdom to meet the borrowing needs of a growing number of people who did not live in... Mon, 26 Oct 2009 15:12:00 -0800 http://www.loan.com/personal-loans/disadvantages-of-a-tenant-loan.html A tenant loan is a term used for loans extended to persons who do not own property. This type of loan may also be called a personal loan or an unsecured loan. Instead of using property or home equity as collateral, the borrower will not place collateral in order to receive the loan. While this may be an attractive option for a person who does not have home equity to tap into when in need of fast cash, there are several disadvantages to this type of unsecured personal loan. High Interest Rate The major disadvantage of a high risk... Mon, 26 Oct 2009 15:11:00 -0800 http://www.loan.com/personal-loans/finding-wedding-loans-online.html With the cost of the average wedding close to the average annual income, many people are turning to wedding loans online to help them cover the costs of their wedding. Wedding loans are far more practical than using credit cards because their interest rates are not as high. Finding a wedding loan online is an easy process. Step One: Determine What You Can Afford The most important step is to work with your fiancée to determine the amount of money you can afford to spend on the wedding. Do not go overboard because the wedding should not become a... Mon, 26 Oct 2009 15:05:00 -0800 http://www.loan.com/personal-loans/finding-tenant-loan-lenders.html Tenant loan lenders are willing to work with high risk borrowers who do not own property. A tenant loan is any loan extended to a person without property to place as collateral. As such, they are typically unsecured, high interest rate loans. Tenant loans can be used to finance any number of personal needs such as the purchase of a car, medical assistance or simply to pay bills in a desperate situation. These personal loans are very risky, meaning borrowers must work with high risk lenders in order to secure them. Finding High Risk Lenders Most lending institutions carry... Mon, 26 Oct 2009 15:04:00 -0800 http://www.loan.com/personal-loans/benefits-of-a-certificate-secured-loan.html A certificate-secured loan lets you use the funds in a certificate of deposit (CD) without breaking it by putting up the CD as collateral for a loan of no more than the principal amount. There are several clear benefits of using a certificate-secured loan over an unsecured loan. Banks charge lower interest rates on a certificate-secured loan, typically only 2-3% over the interest rate paid by the CD. Since you continue collecting interest on the CD, your effective loan rate is 2-3%. Borrowing less than the total principal of the CD, or borrowing it for less than the full... Sat, 10 Oct 2009 15:02:00 -0800 http://www.loan.com/personal-loans/searching-for-savings-secured-loans-online-vs-offline.html Secured loans are traditionally cheaper for a borrower than unsecured loans. Because the borrower is placing an asset as collateral, the lender is taking on very little risk by funding the loan. Lenders reward this low risk with low interest rates. Nearly any asset can be used as collateral, including homes, cars, businesses and even stocks or savings accounts. Savings-secured loans are funded by the same institution where the account is held. Most lenders offer both online and offline application options for this fairly simple loan. Advantages of Online Loans The main advantage to sourcing a loan online is... Sat, 10 Oct 2009 15:01:00 -0800 http://www.loan.com/personal-loans/searching-for-certificate-secured-loans-online-vs-offline.html A secured loan uses collateral to reduce the cost to the borrower and reduce the risk to the lender. A certificate-secured loan uses the original share certificate for a stock or bond you hold as collateral. You will place the certificate on hold with the lender, and you will continue to earn interest and dividends on the stock at the time of the loan. Today, both traditional and online lenders offer this option as an easy way for you to get quick cash without selling your assets. Loan Shopping Online Most borrowers who use online options are interested in... Wed, 07 Oct 2009 15:00:00 -0800 http://www.loan.com/personal-loans/comparing-stock-secured-loans-and-savings-secured-loans.html Secured loans use collateral in order to receive financing at relatively low costs. There are many options for assets to use for a secured loan including homes, businesses and automobiles. Aside from these traditional forms of collateral, using your savings account or your stock certificates to secure a loan may be an option. These options allow you to get cash quickly without surrendering your savings. Similarities between Stock-Secured and Savings-Secured Loans Your asset, whether in the form of a stock certificate or cash in an account, is placed on hold with the lender You use the gains of your... Tue, 06 Oct 2009 15:01:00 -0800 http://www.loan.com/personal-loans/consequences-of-defaulting-on-a-signature-loan.html A signature loan default is a unique type of unsecured loan default that will hurt your financial stability in the future. You will not lose any assets, as you did not place any assets down for collateral, however, your credit standing will be severely impacted. You used your signature to assure the lender against default. This was essentially a personal promise you would pay on time; when you signed the contract, you agreed to penalties if you did not make good on that promise. These penalties will vary by contract, but some are universal. Loan goes to Collections  Before... Mon, 05 Oct 2009 15:00:00 -0800 http://www.loan.com/personal-loans/how-military-loans-can-help-with-bereavement.html Military loans provide financial relief to a military family that has recently suffered a loss of a loved one due to their military service. A bereavement loan provides funds that allow for the transition from grieving the loss of a loved one to moving on with life and readjusting to a family's new circumstance. The period typically allowed for bereavement is 90 days. Using a Military Loan to Ease Bereavement The amount of a military loan can provide an adequate sum necessary to pay for those obligations that occur during a period of bereavement. Coupled with any benefits a... Sat, 03 Oct 2009 15:02:00 -0800 http://www.loan.com/personal-loans/signature-loan-requirementsqualifications.html A signature loan is a type of unsecured personal loan that requires only your signature for collateral. You personally vouch for your ability to repay the loan through the use of your signature, and you receive financing in return. While secured loans are typically less expensive because they are used with collateral, unsecured loans can be advantageous when you do not have collateral, or do not wish to use any. You will see a higher interest rate in general, but the lender will assume most of the risk of the loan.  Fair to Good Credit Unsecured loans are not... Fri, 02 Oct 2009 15:02:00 -0800