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Welcome. July 30, 2010
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Personal Lines of Credit
At American Unsecured we realize that our customer's financial needs vary and that one product may not fit all of those needs. If you need a bit more financial flexibility – the ability to tap into a pre-approved credit line when you need to – then one of American Unsecured's personal lines of credit may be just the solution you are looking for!
In the past, consumers relied heavily on “secured” home equity loans to provide the flexibility of having an available pool of cash for emergency or unforeseen spending needs. These loans were often used to provide a type of “emergency fund” - which could then be used whenever needed. With the recent crisis in the housing market and the associated banking sector, consumers have found that unsecured personal lines of credit are often an attractive borrowing alternative to the traditional home equity loan. Unsecured personal lines of credit allow you to maintain an ongoing borrowing relationship with your lender. Once your credit line has been approved, you can tap into your “emergency fund” to pay off high-interest credit cards, cover unexpected car repairs, pay larger-than-expected tax bills or for any other purpose. As you repay the money that has been borrowed, you can then borrow again and again from your line of credit without having to apply for new loans repeatedly. Your monthly payment is based only on the amount of money you have borrowed!
In many ways, a personal line of credit can be similar to a cash advance using your credit card – except that obtaining funds from a personal line of credit is almost always much cheaper than withdrawing cash using your credit card at an ATM.
If you are interested in applying for an unsecured personal line of credit, you should talk to one of the professional loan consultants at American Unsecured. The combined expertise and nearly eight years of experience of the professional loan consultants at American Unsecured gives our staff the skill and resources they need to serve your unique and individual financial situation. In addition to unsecured personal lines of credit in large and small amounts, American Unsecured also offers traditional personal loans, small business loans, and even payday loans.
Fill out a short online application today! A professional loan consultant will evaluate your application and contact you with a no-obligation rate quote.
