Tuesday, January 04, 2011

Unsecured Personal Loans - When You Are Your Guarantor and not Your Home

Sustainable development is at the heart of every human dream. You work hard every day and you grow emotionally and financially every day. Yet you find that you are still short of money when you want to buy something. There are smart ways to fill in for this financial gap. These are called personal loans. There is one personal loan for every occasion. Yes, even if you have no security to offer. There is a name for this smart borrowing method - unsecured personal loans.

Not everybody is easy with placing his home or any other dear possession for taking loans. This is highly understandable. The worst case scenario with secured personal loans is like repossession of home or property. May be it is just a possibility but still it is a possibility. If you do not want to comply with such a demand, unsecured personal loans are the ideal choice. If you are tenant then you won't find a better and a more deserving way to borrow money than unsecured personal loans!

Well, if unsecured personal loans don't ask for security, what do they ask for? Since loans are a profit making business what does the lender have in for him? Well that would be - interest rates. Interest rates for unsecured personal loans are higher. But that does not mean that Unsecured Personal Loans [http://www.easyfinance4u.com/unsecured_personal_loan.html]
are expensive and out of reach of any regular borrower. Interest rates for unsecured personal loans are relatively higher than secured personal loans.

Interest rates for unsecured personal loans are well defined by banks and other lending institutions. Lenders may still find that they are not offered advertised interest rates for unsecured personal loans. Interest rates on loans are a very 'personal' thing. This implies that rates are dependent on some factors. Scoring well on these factors will mean getting better rates.

Credit ratings are a very good way to get better interest rates with unsecured personal loans. Since you are not placing any security, your credit rating will be a picture of your credit worthiness. Find out your credit score before you apply for unsecured personal loans. Unsecured personal loans are possible for those with bad credit history like late payments, arrears, CCJs, bankruptcy etc. It is not that you won't find unsecured personal loans for bad history; it is just that the accountability is in terms of interest rates.
source:ezinearticles.

1 comment:

Terry Packer said...

TFS MONEY
1074 Finance House
London road,
LEIGH-ON-SEA, SS9 3NA
Email: tfsmoneyloan@wss-id.org
Tel: +447012959825

TFS money is specialized in providing loans from the range of $1,000 to $90,000,000 USD ,at 2.0%
interest rate Our loans are well insured and maximum security is our
priority, TFS MONEY LOAN COMPANY is a legitimate and well known
British approved loan lending company based in London, England.
We offer loans to individuals as well as organizations who have
intentions of renovating houses and institutions, debt consolidation,
re-financing and also establishment of business outfits.
We give out our Loan in USD($) and GBP(£) and any currency of your choice.
* Are you financially Squeezed?
* Do you seek funds to pay off credits and debts
* Do you seek finance to set up your own business?
* Are you in need of private or business loans for various purposes?
* Do you seek loans to carry out large projects
* Do you seek funding for various other processes?
We offer the following types of loans:


*Commercial Loans.
*Personal Loans.
*Business Loans.
*Investments Loans.
*Development Loans.
*Acquisition Loans .
*Construction loans.
*Business Loans And many More:


If you need any of these kinds of loan, you will have to fill the
below form, it will enable us to process your loan and get it approved
and transferred as soon as you want it. You must understand that your
real information is needed below.
1)YOUR NAME...................
2)YOUR COUNTRY................
3)YOUR OCCUPATION.............
4)YOUR MARITAL STATUS.........
5)PHONE NUMBER................
6)MONTHLY INCOME..............
7)ADDRESS.....................
8)PURPOSE OF LOAN.............
9)LOAN REQUEST................
10)TELEPHONE..................
11)LOAN TERMS AND DURATION....


tfsmoneyloan@wss-id.org



Your Satisfaction and Financial Success is Our Aim. We are hoping to
hear from you soon-
PAYMENT OPTIONS:
Payment by bank to bank transfer (48 hours )
Payment by bank certified check ( 9 days )
The First option which is by bank to bank transfer, loan
funds are transferred directly into your account with the aid of our
bank,
in this option, applicant must have to send down his or her full bank
information to enable us make the transfer and it takes maximum 48
hours for the funds to be transferred into your account.
As for the last option, a certified check is made out by our bank as a
draft, which can be cashed by clients anywhere in the world, it takes
4 working days to get to the applicant and 5 days for the check to be
cleared.
Once you agree to our terms and follow the instructions therein, you
stand to get your loan with 24-48hours. This depends on your
seriousness and urgency in obtaining the loan.
Furthermore be informed that you will also need a form of
Identification which can be either a Driver's License or your working
Identity card.
In acknowledgment to this mail, we can start the processing of your loan.


Email: tfsmoneyloan@wss-id.org

We await your urgent reply to this office.
Thanks
Mr. Terry Packer
CUSTOMER SERVICE CENTER