Secured Personal Loans

Posted February 9th, 2010 by Terry C - no comments

Many consumers are struggling with their credit now and may continue to do so in the foreseeable future. If you’re one of these, then most likely you have a poor credit score. If you have a poor credit score (below 620), it may be very difficult, if not impossible to get any type of loan [...]

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Categories: Advice

Tips for Taking a Personal Loan

Posted February 8th, 2010 by Terry C - no comments

Personal loans can be wonderful for consolidating debt or for making a big purchase. Before you sign on the dotted line, however, there are some specific things you ought to take into consideration.
Here are seven tips for taking out a personal loan:

Shop around. It’s almost never a good idea just to take the first offer [...]

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Categories: Advice

When Taking a Personal Loan is a Dumb Idea

Posted February 5th, 2010 by Michael Wassmer - no comments

Personal loans can be a great way to consolidate higher-interest credit into a single payment with a better interest rate. They can also be a great way to get some money for college, or make certain kinds of purchase. There are also times when taking out a personal loan is just stupid.
When you can’t repay [...]

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Categories: Personal Loan Woes

Before You Borrow: A Second Look at Personal Loans

Posted February 4th, 2010 by Michael Wassmer - no comments

Some types of credit are good, and some are bad. Home loans, for example, are good. They give you a lot of money at a really low interest rate. Paying consistently on a home loan is a huge boon to your credit report and credit score, too.
Car loans are good, too. Unless you’re buying a [...]

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Categories: Personal Loan Woes

Personal Loans in 2010

Posted February 4th, 2010 by Terry C - no comments

The New York Times reported that the Bank of America wrote off 33.7 billion in bad loans in 2009. This was more than double the amount of the 16.2 billion written off in 2008. It’s no surprise that in the 4th quarter 2009, Bank of America stopped offering personal loans.
Bad Credit Loans
They’re not the only [...]

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