Personal loans
Personal loans resolve life’s little crises and allow for life’s sweet indulgences
It seems like time and money are mutually exclusive: You never have both at the same time. Stay at home moms enjoy being able to take care of their families and homes, and being able to respond to emergencies. However, without a full-time salary, vacations, home repairs, new furniture and summer camps may have become out of reach. When the refrigerator dies, what may have once been an inconvenience, can become a crisis.
That’s where personal loans come in. No other loan affords borrowers the flexibility like that of personal loans. Unlike most loans, personal loans can be used for anything from urgent needs to desperately needed vacations.
In the past, many people felt comfortable pulling out a credit card to meet their financial needs. But in the new economy, many credit card issuers have raised interest rates and lowered credit limits. Today, consumers are working hard to pay off their credit card debts and are applying a new restraint on credit card spending. Personal loans, however, are less expensive than high-interest credit cards, and, with a good or excellent credit score, the interest rate can be as low as 6.99%.
The convenience of personal loans makes them an attractive option. Personal loans can be obtained online and deposited into the borrower’s bank account in as little as 24 hours. When the family car breaks down, the roof leaks or the washing machine dies, convenience and a rapid turnaround are a necessity.
The flexibility of personal loans allows for home improvements like landscaping projects, refurbished bathrooms or professional painting – the investments real estate agents encourage homeowner to make for maximum return.
When all the appliances are functional and the house is all spruced up, personal loans can be used for a much-deserved vacation. Using personal loans for travel allows time to plan the ideal trip and take advantage of the best bargains. Studies show that children who travel get better grades and have a better grasp of geography and foreign languages.
Alternatively, personal loans also provide the option of sending the kids off to summer camp while their parents enjoy a relaxing, romantic getaway of their own.
In short, personal loans save money, save grief and allow for the sort of things we all need and deserve.
Using an online loan application? Consider safety first.
The convenience and ease of submitting an online loan application has to be weighed against the potential risks. Before you take advantage of the benefits of an online loan application, make sure you know how to protect yourself from disreputable loan companies and scam artists. Thoroughly researching the company’s record up front will help protect you from grave problems later.
- Always check with the Better Business Bureau (BBB) to confirm that the company you’re considering doing business with is a licensed lender that has achieved BBB accreditation.
- Every BBB-accredited business receives a “letter grade” ranking based on the company’s ethical performance, adherence to state and federal laws and satisfactory response to inevitable customer complaints. Never submit an online loan application to a company with less than an “A+ “ ranking.
- Read customer reviews. A company’s past performance is a good indication of what you can expect as your own experience with them.
The company should handle the information you submit in their online loan application with the utmost regard for your personal privacy and financial security. Before you provide the necessary information, you need to take just five seconds to complete a three-step security assessment.
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A short-term loan may be your best bet
Are you just a little short of cash right now? Something’s come up, and you just don’t have the cash on hand to take care of it? Or maybe it’s an opportunity you won’t be able to take advantage of without a quick infusion of money that you’ll pay back quickly? You need a short-term loan.
There are some people who can spend their way through any emergency, and are perpetually in the right financial position to move quickly when doing so benefits them. But the rest of us need a little help sometimes. And sometimes the best kind of help is from a short-term loan.
A short-term loan isn’t appropriate for all purchases or situations, but for some it’s exactly right. For instance, if you’re a small business owner who needs to increase inventory before the holiday shopping season, a short-term loan that can be paid back in January will bridge the gap.
Broken equipment—at home or the office—has to be replaced immediately; coolers that conk out on February 13th can put a florist out of business, and a household without a functioning stove will quickly run up restaurant tabs that exceed the cost of appliance replacement. Again, a short-term load can make things right in a hurry.
Used wisely, credit cards are a lot like taking out a short-term loan. They allow consumers to buy airline tickets online, and pay off the card balance immediately.
A short-term loan shouldn’t be used for larger purchases like real estate, construction equipment or automobiles; in those scenarios it makes more sense to take out a lower-interest long-term loan that doesn’t have prepayment penalties.
The exception would be if the buyer has certificates of deposits or other financial assets that will mature soon, but aren’t immediately liquid. Or, a short-term loan makes sense for a homeowner who intends to replace furniture with a soon-to-arrive tax return. If the furniture goes on sale a week before the tax return is expected, it makes sense to take advantage of the savings by using a short-term loan if there are no prepayment penalties.
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