Use an online loan for holiday shopping and save money
Have you started your Christmas shopping yet? Have you even set up a Christmas fund? Or are you going to wait till the last minute and grab whatever’s left on the shelves, busting your illusory budget and putting the whole thing on credit cards … just like last year?
Here’s a tip to help you stay within a pre-determined and dead set limit: Take out an online loan. Set your budget. Apply for your online loan. Wait a few minutes for your online loan approval. Do your Christmas shopping online. Celebrate.
You can get an online loan and complete your Christmas shopping within a single evening, and do it all within a reasonable budget without touching your high-interest credit cards.
While it’s true, you’ll have to pay the piper and start making online payments for that online loan, an online loan comes with a fixed interest rate and currently, interest rates as low as 10%. Best of all, there are no prepayment penalties, so you can use your income tax return to pay it off by March 1. Or, if you’re lucky enough to get one, you can use your Christmas bonus and pay off the loan before the gifts are even opened.
So, let go of the stress. Stop worrying about disappointing the people on your shopping list. Take just a few minutes to apply for an online loan and spend the rest of the holiday season imagining the delight when they open their perfect gifts.
Contact American Unsecured and let them help you get an online loan.
Need a loan? Get an online loan.
Your first decision will be whether or not to get a loan, but your second one will be where you’ll get a loan. In the past, small business owners went to a local bank when they needed a loan. Now, smart business owners know the way to get the best loan is to get an online loan.
One of the underpinnings of capitalism is that competition benefits the consumer, but getting quotes from several brick-and-mortar banks is too time consuming. Applying for an online loan solves that problem.
In most cases, online loan applications are approved or rejected within 24 hours, and in some cases, in just minutes. That quick turn around makes it easy to apply for an online loan with several lenders to compare their terms and rates. Once a decision is made on which loan offer to accept, the money can be electronically deposited into the borrower’s bank account with 24 to 48 hours. Read more
What type of business loan is right for your business?
Whether you have a fledgling business or one that’s been long established, at some stage of the game, you’re going to need a business loan.
Needing one and getting one are two different things, though. You can maximize your chances of getting a business loan—any business loan—by knowing what to expect from the lender.
At the very beginning – At this stage of the game you’ll need seed money, but you can’t get it as a business loan from the bank. You’ll have to use your own assets, get a business loan from family or friends, or take out a personal loan. Wherever it comes from, this money will be used to create your business plan—an essential for starting a business and getting a loan later on.
Almost there – This is the time for a startup loan to purchase inventory, and to lease or buy equipment or the location for your business. The importance of a thorough business plan can’t be overstated, but that alone won’t get you a business loan. You’ll need to show the lender that you’ve invested a considerable amount of your own financial assets, and are prepared to contribute more.
When you apply for this first business loan, a big part of the bank’s decision is going to be based on your personal character, reputation and financial history, so be prepared.
Well underway – Get a business line of credit before you need it. There will be times you need to increase inventory, do some additional hiring, replace equipment or respond to a sudden emergency. You’ll need to show the bank you have enough excess revenue to make the loan payments, so don’t wait till you’re in dire straits to apply
Ready for the next stage – Your business plan should be evolving as your business does. When the time is right for expansion, you’ll use that plan and your projections obtain a business loan to help you continue growing your business.
Contact American Unsecured and let one of the nation’s largest loan-consulting firms help you obtain your business loans. Since 1999, their experience and bank partnerships have helped others acquire hundreds of millions of dollars in personal and business loans.
The difference between a secured loan and an unsecured loan
Paper or plastic? Decaf or caffeinated? Secured or unsecured? If you’re looking for a loan, but don’t know whether you need a secured loan or an unsecured loan, this is your chance to figure it all out.
The primary difference between a secured and an unsecured loan is whether or not the borrower has to put up collateral to secure the loan. For a secured loan, a lender will insist on collateral to minimize their risk. An auto loan, for instance, is secured by the car itself; the lender simply repossesses the car if the borrower fails to make payments on the loan.
On the other hand, an unsecured loan is one without collateral. When obtaining an unsecured loan, the borrower doesn’t have to specify its intended use, and it can be used for just about anything. For instance, an unsecured loan can be used for something as prosaic as debt consolidation, as pleasant as a vacation, or as essential as an emergency medical procedure.
Accordingly, because the lender can’t repossess a week in Hawaii, a zero-balance credit card or the stitches in a toddler’s forehead, the interest rate on an unsecured loan is higher than on a secured loan, reflecting the lender’s greater risk exposure.
However, the interest on an unsecured loan is usually lower than on credit cards, and is certainly lower than the interest rate charged for credit card cash advances. As an added benefit, an unsecured loan almost always comes with a fixed interest rate and carries no annual fee.
