America One Funding Group
Unsecured personal loans from America One Funding Group offer borrowers an immense flexibility and quick accessibility necessary in situations of urgency or extreme emotion.
Online applications for unsecured personal loans are submitted with little required documentation and are assessed very quickly, so the applicants get an almost immediate response. And, when an application is accepted, the funds can be wired to an established checking account so the entire process, from application to deposit, can be completed in less than 72 hours.
Because there aren’t requirements for collateral, the America One Funding Group applicants don’t have own or have equity in automobiles, real estate or financial investments. Applicants who do have those assets don’t have to place them at risk. Another advantage of not securing a loan with collateral is the ability to sell the car or house that would be otherwise encumbered as security, limiting the owner’s rights of property ownership.
Unsecured personal loans typically have lower interest rates than a lot of credit cards, but their rates are usually higher than secured loans. The largest loan amounts and lowest interest rates are available only to those with excellent credit scores, but even borrowers with damaged credit can usually access an unsecured personal loan with a higher interest rate.
The uses of unsecured personal loans are limited only by the law; any legal intended purposes are acceptable uses. In fact, lenders seldom ask applicants’ their intended use of their loans. That kind of flexibility means borrowers can be confident the loan they’re applying for will meet their needs.
When emotions are running high—an unexpected death, a car accident, a medical emergency—unsecured personal loans are fast, flexible and easily accessible with online applications. Let America One Funding Group help you get the money you need.
Vacation loan for holiday reunions
It seems like everyday for the last couple years I’ve been bombarded with the same negative “thou shalt not” messages about going into debt, and I’ve been obedient … until now. I’ve decided to thumb my nose at the nags and naysayers and take out a vacation loan.
You can call it rationalization, but I choose to call the results of a recent Harris Interactive Survey my justification for a vacation loan that will allow me to travel during this holiday season. I’ve decided my emotional need for connection and continuity supercedes my need for just a wee bit more financial security.
According to the Harris survey, people are willing to suffer the travails of holiday travel—in my case, even though it means taking out a vacation loan—so they can
create memories; maintain traditions; reconnect and build relationships; and,
improve their sense of well-being.
All of the above apply to me.
Two of my friends died this year. I chose not to take out a vacation loan to attend their memorials, and chose instead to apply the money to my Lowe’s credit card. I congratulated myself for being grown up and responsible, but took no comfort from it. Though I gained a couple points on my credit score, I still felt nothing but loss. The loss of my middle-aged friends brought home for me the knowledge of how tenuous life is.
In counterbalance, I reconnected with high school friends I’d lost track of 30 years ago (thank you Facebook), and I want to solidify those relationships, especially one with another woman who, like me, had her only child at 41.
The last time I went home to Ohio was two years ago when my sister had surgery for uterine cancer. I rationalized taking out a vacation loan then, not so much because I wanted to visit Ohio in January, but because my sister needed me, and I was doing it for her.
This year I’ve taken out a vacation loan for me, for my sister and for my friends. But more than all that, I’m doing it for my son. I want him to see that relationships with family and friends are important, tenuous and can be lost in an instant. I want him to see me living my values.
I also value financial security, and being a middle-aged woman with a young son means that’s especially important, but I have enough financial security that I can afford the small monthly payment this vacation loan will cost me over the next couple years. What I can’t afford is losing connection with my family and old friends.
Wedding loans for DIY dream weddings
Wedding spending was down in 2009 … way down. In 2008, couples took out wedding loans to pay for $30,000 weddings, but this year they took out wedding loans so they’d stick to their wedding budgets and keep the expenses at an average of about $20,000.
Much of the expense of those over the top weddings was put on credit cards, and some of those newlyweds are paying off that debt at 29.99%; that’s not a mistake recession era couples are making. Instead, they save up all they can, and take out a loan to make up the difference; either way, wedding loans reinforce the notion that the available funds are finite.
That doesn’t mean sticking to a budget is easy, even with wedding loans. Lots of brides have been imagining their weddings since they played with Bridal Barbies. Wedding loans allow those brides-to be to shop for the best deals, and then move on them fast. Airfares have become unpredictable. With all the new fees and surcharges, it’s hard to find a bargain. But, when a rare low fare is announced for the frugal couples’ dream destination, wedding loans mean the money’s available.
The same goes for other areas where couples are cutting corners. With wedding loans, couples can tweak their DIY projects to achieve more professional results. For instance, taking out wedding loans a year before the wedding allows couples who decide on a backyard wedding to begin landscaping projects that will mature in time for their wedding.
Lower Personal Loan Rates vs. Higher Credit Card Rates
Historically, personal loan rates have been higher than those of credit cards, but no more. Now that 33% of credit card issuers have closed customer accounts, increased interest rates or fees and made it nearly impossible to get new credit, the reduced personal loan rates are only one of many reasons personal loans are a good bet.
Interest rates are down on nearly all types of loans, except credit cards; while median personal loan rates are hovering around 12%, median credit card interest rate rose 23% between December 2008 and 2009, according to a study by The Pew Charitable Trusts. And, last December median credit card interest rates were between 9.99% and 15.99%; by July of his year the rates increased to a range of 12.24 to 17.99.
Many also instituted new annual fees, ranging from $29 to $99 a year, including fees for under-utilized accounts.
In the past the best way to escape the squeeze of a high-interest credit card by strategically transferring the balance to a lower-interest card, but these days, balance transfer cards charge an average 14.54% interest on top of balance transfer fees ranging from 2% to 5%.
The best strategy for consumers intent on paying off high-interest credit cards is to take advantage of lower personal loan rates. Personal loan rates are determined by income and payment, but usually have fixed interest rates compared to the volatile, variable interest rates of credit cards.
Many personal loan lenders are currently offering personal loan rates as low as 8.99%–roughly half of widely advertised credit card rates. And, for credit card holders whose interest rates have been jacked up to 29.99%, taking advantage of lower personal loan rates can mean a savings of thousands of dollars. A $10,000 credit card with an interest rate of 29.99% will cost $19, 408.20 if paid off in five years; paying off that credit card with a personal loan will cost $12,452.40–a saving of $6,955.80.