Loans

Student Loans

Graduating from college isn’t only about getting good grades. Many students find themselves in financial stress when it’s time to pay their tuition. Student loans have been proven to be the best loans for students.

There are several types of student loans. Some are subsidized by the government and some are private loans. You must pre-qualify for a subsidized loan such as Perkins or Stafford student loans. However, private student loans can be obtained by almost any student even with bad credit.

Bad credit student loans are usually offered at lower interest than other personal loans, which makes them a common choice amongst students nationwide, offering great repayment options as well. Once school is over and it’s time to pay back your loans you may want to choose and consolidate them.

Unsecured Loans

An unsecured loan is a loan that doesn’t require collateral. For that same reason they often carry high interest rates. Unsecured loans can be used for almost any purpose, such as, paying for a vacation, starting a small business, buying furniture and even consolidating debt. They can be obtained from your local bank or lenders both found offline and online. There are various repayment options and depending on the type of loan some are considered as long term loans.

Personal Loans

Personal loans are unsecured loans that can be used for any personal use, such as paying a medical bill, weeding, a year’s worth of rent, shopping etc’. The interest rate and the loan’s term depends on your credit score and the higher your credit score is the lower your rate will be, but this type of loan is considered to be a high interest loan.

Unlinked, mortgages personal loans are not secured and therefore carry high interest rates. They are very popular loans and are very useful in time of need for additional cash.

Instant Loans

Instant loans also known as payday loans are cash advances that can be credited into your account within 24 hours. They do not require a credit check and your credit history is of no significance for this type of loan. All you need is to be over the age of 18 with a bank account and steady job. You can usually be approved for this type of loan over the internet and does not require faxing. Some companies offer up to $1,500 and you can use the money for anything at all. The repayment is very simple as well, it is taken from your next paycheck, hence the name: Payday!

Beware! Payday loans are very expensive loans which carry very high interest rates. They are often used for paying emergency payments such as unexpected bills. Do NOT try to consolidate debt with this type of loan.

Bad Credit Loans

So you think its time for a fresh start, you may want to consolidate debt or you need extra cash for personal use, but your bad credit ratings are holding you back from getting a loan. If that sounds similar to your case then a bad credit loan is what you need. When you belong to the subprime market things may not go as smooth as you expect them to go, but there is still hope. Even though, these loans will be high in interest and the terms might not be the best you will still apply for one because you either need the money or you are serious about ending your debt!