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Personal Loan application articles and tips


Payday Personal Loans: Submit an online personal loan application. Good credit people may qualify for a large limit personal loan of up to $10,000 or more. If you qualify only for a very bad credit personal loan, compare various pre-approved loan offers from lenders who approve no credit check loans with online instant approval.

Loan Application Rejected? If your bank denied you for a long term unsecured personal loan with monthly installment payments because of your credit problems, consider a short term loan or other guaranteed loan. Perhaps you can borrow from multiple unsecured personal loan resources to get the large cash limit you need.

Don't forget that there are secured as well as unsecured loan providers. You could get a small unsecured cash loan or a large secured personnel loan using an asset as loan guaranty.

Fast Payday Loan: When you need money quick with no collateral and no credit check, consider an unsecured high risk loan. Between paydays, this is a good alternative as a short term loan to pay bills or as an emergency loan to pay unexpected expenses like a car repair. Learn the benefits of payday advance loans and common uses, and review alternative unsecured cash loan options including loans for unemployed people and small business loans.

Payday Loan Interest: A payday advance has no interest structure because it charges a fee versus an APR. Some borrowers often use a payday loan to repay a payday loan from another lender, or to roll-over their existing loan term. Before you apply online for a personal loan, carefully review all terms and conditions. Browse for more payday and personal loan resources.


If you want to lend a friend or family member a person-to-person personal loan, use our free personal loan calculator to determine monthly payments.


Unsecured Loan - Get up to a $10000 unsecured loan with good credit or up to a $1500 bad credit loan with no credit check.

Payday Loan Benefits - Many of us occasionally run short on cash because of unexpected bills, emergencies, accidents, illness and other reasons.

Personal Loan - Apply online for an unsecured personal loan, and learn the pros and cons between a Personal Loan and a Payday Loan for bad credit people.

Payday Loan Lender Information - Payday Loan Lender Information: A payday loan, also called a cash advance or a personal loan, provides a small, unsecured, short term cash loan in advance of payday.

Bank Payday Loan Lenders - Banks Associate with Payday Lenders. Since consumers often need a small, short term loan but many do not qualify for a tradictional, long term personal loan, the number of banks are providing payday advances through agent assisted loan programs is increasing.

Bad Credit Personal Loan FAQs - Learn about and apply online for a bad credit personal loan.

Unsecured Bank Loan - The Community Financial Services Association of America (CFSA), the national voice of the payday advance industry, has a stringent set of guidelines for agent-assisted bank loan programs. Members use the guidelines when partnering with banks to provide short-term, small denomination loans.

High Risk Personal Loan Application - Do you have bad credit and are looking for a high risk personal loan application?

Credit Union Payday Loan - Credit Unions offer their own loan program version of a payday loan.

High Risk Cosigner Loan - High risk cosigner loan facts, and how to avoid having good credit turn to bad credit.

Highly Personal Loan Lending - Personal loan lending is becoming increasingly personal as more people offer person-to-person loans even to those with bad credit.

Private Party Personal Loan - More private lenders engage in offering an online personal loan.

Unsecured Personal Loan Risk - Payday personal loans are designed to offer fast cash to bad credit people on a short term basis, yet such unsecured loans can have a long term impact without timely payoff.

Unsecured Loans Making Bad Worse - High risk unsecured loans offer easy cash even to bad credit people. But if not paid off timely, the short term payday loans deepen debt fast. Desperation to pay off monthly bills can put personal finances at risk. Payoff higher priority debts and charge off lower priority.

Secured Unsecured Low Interest Loans - Low interest rates abound, for both secured loans and unsecured loans. Get a loan to payoff bills at higher rates and improve personal finances, or to take that well-deserved vacation.

Personal Loan and Cash Advance - Differences between a traditional unsecured personal loan and a payday cash advance, history, and where to submit a bad credit personal loan application.

Bad Credit OK Loans - Though the credit crisis has reduced financial options for subprime people, some lenders do still offer 'Bad Credit OK Loans' and you can apply quickly and easily online.

Bad Credit Payday Loans Offer Unsecured Cash for Poor People - The federal government proposes changes that could completely terminate bad credit payday loans, though this financial option offers unsecured cash for poor people.

High Credit Risk Areas - You may be a high credit risk because of where you live, but thankfully there is still an unsecured, no credit check loan option.

Unsecured Payday Advance or Loan Shark - Who will poor and bad credit people turn to for emergency loan funds if government legislatures ban payday loans? Compare unsecured payday advance personal loans to those of loan sharks.

No Credit Check Bad Credit Loans - Apply for a no credit check bad credit loan. Review government legislations to control subprime interest rates and fees. Did you know, it is in the interest of the lender to offer you the lowest rate and least fees as possible?

Personal Loan for NonHomeOwner - The options for an unsecured personal debt consolidation loan, the people who qualify, and alternatives for both good and bad credit people, homeowners as well as non homeowners

Unsecured Personal Debt Consolidation Loan The options for an unsecured personal debt consolidation loan, the people who qualify, and alternatives for both good and bad credit people, homeowners as well as non homeowners

Bad Credit Lenders Facing High Risk Banks across the US report bad credit loans are adding to the high risk mortgage problems

Personal Loan Application A personal loan application is easier than ever, but consumers are using them less

Payday Debt Consolidation Loan Whether you want a payday loan to pay off bills or if you want a debt consolidaton loan to repay cash advances, consider these options

Payday Loan Fair Credit Borrowing Do payday loans offer more equal opportunity lending when compared to the approval process and interest rate determinations of other loans?

About Payday Advance Loans How payday loans work and the advantages for the borrower

Bad Credit Payday Loans are good for the Econom by stimulating it with new purchases and paying bills. Apply for a no credit check payday advance

Bank Emergency Loan Program - The federal government extends an emergency loan program to give banks access to more long term cash loans.

Emergency Loan Funding - Free credit tips for emergency loan funding. Cover urgent expenses with a short term payday loan, long term equity loan, borrow money, reduce bills or negotiate repayments.

Need Loan to Pay Bills - Solutions to cover expenses.

Online Loan Convenience - Online loans; particularly unsecured personal loans, are the quickest and easiest way to get cash fast. 

Payday Cash Loans - Why payday personal loans are a popular financial choice: The loan process is extremely simple, and qualification is easy.

Person-to-Personal Personal Loan - Do you; or a family member, need to borrow money from one other? For such very personal loans among family and friends, consider this advice.

Looking for a no bank account personal loan? There are benefits when these two are combined.

Private lender, person-to-person personal loan agreement.

Bank checking account personal loan installment payments and other facts.

Largest Unsecured Personal Loan

Loan without Checking Account Routing Number

Payday Loan Problems / Complaints

Payday Loan without Working or Work Verification

Personal Loan with No Fees Upfront

What are Alternatives to Payday Loans

Personal Loan Application Terms

Private Party Personal Loan Lenders

Personal Loan Credit Score Requirements

Personal Loan Application Forms

Cheaper than a Payday Personal Loan

Personal Loan Applications

Short Term Personal Loan Pros and Cons

Personal Loan Comparisons

Payday Personal Loan Affect on Credit Score

How to Stop the Cycle of Payday Personal Loans

Most Popular Unsecured Personal Loan

Government High Risk Personal Loan?




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Payday Loan: Get a good or bad credit unsecured loan with no credit check and no collateral.


Personal Loan: Short or long term personal loan.


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Free Help: Personal finance newsletter, credit advice and tips.


Interest rates: National averages of credit card, mortgage, refinancing and auto loan interest rates.


Why are short term payday personal loans more available than long term unsecured loans?

The reason can be narrowed down to two words: "Government Regulations"

When the federal government imposed severe restrictions on credit card issuers, the result was the near disappearance of all unsecured credit cards for bad credit people. The regulations prohibited a credit card company from raising interest rates on high risk people, so many companies simply pulled those cards from the market. Long term unsecured personal loans like those offered by banks or credit unions are also under government rule. As such, those loans are now harder to qualify for to get approved. The only way payday personal loan lenders can thrive is by not classifying their loan as one based on interest, but rather fee based.

Look at the problem this way: Currently, life insurance companies are allowed to charge higher rates for people with high risk occupations, such as offshore. They charge higher rates to offset losses by clients in this category. Meanwhile, people with lower risk jobs (such as retail clerk), can get the same amount of life insurance coverage but for far less money. Now, let's take the same approach to this industry that democratic policy makers use when dealing with the credit industry. The democrats would force life insurance companies to charge the exact same rate for everyone, regardless of occupational risk. The result? Everyone would have to pay high rates! The rates would be so high, that many people would not be able to afford life insurance at all. This is what is happening to the credit industry. A liberal government will completely destroy financial services.


Personal Loan

  • Personal loans from $1,000 to $25,000

  • Interest Rates 50% Lower Than Big Banks

  • FREE loan quote

Unsecured Personal Loan - good credit people may be eligible for an unsecured personal loan of $10,000 to $20,000. Submit your online application.


Personal Loans for
All Credit Types

Short Term Loans
up to $1,000
Long Term Loans
up to $5,000



Some personal loan applications are limited to $1,000 maximum, but if you have good credit you can qualify for a $10,000 or even up to a $25,000 unsecured personal loan (as available). Review the offer requirements and apply online.


Sample Personal Loan Application Questions - Typical form fields lenders ask information about.


Title, First and Last Name

Street Address Apartment #

City State Zip Code


Time at address

Primary Phone

Best Time To Contact

Email Address

Date of Birth

Social Security Number


Co-Signer Name (if applicable)

Co-Signer address

Co-Signer SSN

Co-Signer Date of Birth


Employer Name

Employer Address

Employer Phone

Time Employed

Monthly Income


Loan Amount to Borrow

Your Bank Name

BAnk Account Number


Credit Reference Name

Account Number


Sample Personal Loan Application Cover Letter



Attn: Financial Officer

To Whom It May Concern,

I would like to obtain a personal loan in the amount of $10,000. The loan will be used to payoff high interest credit card debt. With the high monthly credit card payments ended, I will have no problem repaying the loan.

I have been a longtime standing member of this [BANK, CREDIT UNION] and have an open [TYPE] account with you. I have included a reference below.


I am employed full time at [COMPANY NAME] where I have worked for [TIME FRAME]. I have stable employment and a good credit history.

Please contact me at your earliest convenience to discuss this matter further. I can be reached anytime at [TELEPHONE].





Sample Personal Loan Letter for Employer




Dear [SIR or MAAM],

It is with great anticipation that I am requesting an advance on my salary of the amount of $5,000.

The advance in salary will help with an unexpected {MEDICAL, DENTAL, OTHER] financial burden. Relieving this debt will remove a great burden from me and my family. I will eagerly repay with terms agreed upon, and volunteer for automatic withdrawals from my salary until the loan is repaid in full.

Your kind consideration is highly appreciated.





Unsecured Personal Loan Company Applications by Telephone and Online:

Bank of America Unsecured Loan: Easy applications get you on your way. Auto Loans; RV Loans; Boat Loans; Aircraft Loans; Practice Loans for physicians, dentists and veterinarians; Access Loans for people with disabilities.

Chase Unsecured Loan: An individual may wish to seek a unsecured Chase loan to avoid placing any personal assets at risk. For example a secured loan often requires home equity as collateral, this effectively puts the individual's home at risk if repayments are not met. The Chase Bank will be able to advise on the circumstances where a secured loan is required over an unsecured loan but normally unsecured personal loans are provided to individuals who wish to carry out home improvements, home repairs, buy a new car or send the children off to College. Chase provides online responses to unsecured personal loan applications; Fixed and variable loan rates are available; Competitive loan interest rates; Quality service and security; Numerous loan application options; and online loan and interest calculator to help assess loan requirements.

Capital One Unsecured Loan: Applying online is easy, secure, and only takes about five to ten minutes. A Capital One Bank® personal banker will contact you by phone and/or e-mail within 48 business hours to review your request. Remember: * You must be at least 18 years of age and a legal U.S. resident. * All applicants are subject to review of past account handling and verification of the information provided.

Alliant Credit Union Unsecured Loan: Quick and Worry-Free Unsecured Loan - Do you have an unexpected expense or urgent large purchase? Alliant can help with our no-hassle Unsecured Loans. * As low as 11.90% APR; * Ideal if you need a set amount of immediate funds; * Peace of mind in knowing you have set terms and monthly payments; * No collateral required; * Loans amounts from $500 to $50,000; * Quick approval process with funds available the same day, in most cases; * No prepayment penalty; * Convenient automatic payment or monthly coupons.

Discover Unsecured Loan: Simple interest is the least complex way to calculate interest and usually results in less interest charged as compared to compound interest which is typically used by credit cards. Simple interest is calculated on the outstanding principal only. Compound interest is calculated each period on the original principal and on accrued and unpaid interest. Personal loans are simple interest loans. There are NO FEES or penalties charged on a personal loan if you make your payments on time. We may change a $39 fee if your payment is late or if you do not have sufficient funds in your bank account to cover a payment made. However, we will not increase your interest rate if this happens.

HSBC Unsecured Loan: When you need cash to manage personal expenses beyond your budget, a personal loan from HSBC can help you get the money you need, even if you have poor credit. (HSBC is a group of financial institutions named after the founding organization, the Hongkong and Shanghai Banking Corporation Limited.) HSBC personal loans are offered from two major loan providers: Beneficial and HFC. Both of these entities offer competitive rates on personal loans, though they have different sets of eligibility criteria.

TD Bank Unsecured Loan: Having the money you need to do the things you want is a great feeling. Whether buying a car, taking a vacation in a new RV, cruising in a new boat or making home improvements, we have a loan product that can make it possible. Available Personal Loans: We can help you with a range of loan products, whatever your need: * Automobile Loan; * Recreation Vehicle/Boat Loan; * Collateral Loan; * Personal Unsecured Loans; * TD Moneyline Overdraft Protection.

US Bank Unsecured Loan: You'll have the money you need, whenever you need it, at a competitive interest rate. U.S. Bank customers can enjoy instant access to funds on an ongoing basis with the U.S. Bank Premier Line unsecured line of credit. With a U.S. Bank Premier Line of Credit, you'll enjoy: *Generous credit limits: *Competitive Annual Percentage Rates, currently as low as 9.25% to 13.25%; *No annual fees; *Convenient, ongoing access to your funds via; *Premier Line Access Checks; *Visa® Platinum Access Card; *Branch tellers; *24-Hour Banking

Wells Fargo Unsecured Loan: Why get a Personal Loan? A Personal Loan offers a number of advantages: * Immediate funding—you'll know if you qualify for the loan within hours, and usually have the funds the next business day; * Simple application—you won't have to deal with a complicated application; * Fixed term, fixed rate — you know exactly how much you'll pay each month, making it easy to budget; * Low minimum loan amounts—borrow as little as $3,000. A loan is a smart way to consolidate high-interest rate balances under one monthly fixed rate, fixed term payment. You may be able to pay less over the term of your loan, reduce interest costs and increase What's Left each month. A Personal Loan gives you access to funds at a lower cost than high-interest rate retail cards. Why choose a Wells Fargo Personal Loan? We want to see you succeed financially. Call one of our bankers any time, day or night, to talk about your options — 1-888-667-5250. 


Read our latest article related to a personal loan or search for other personal loan information.

Daily Credit Tidbit: Read our free tips and advice and download our financial calculators so you'll have the tools you need to effectively use various credit offers. Sometimes a short term unsecured loan is better than a long term personal loan, and the same is often true between prepaid cards and unsecured credit cards. Find out which can save you the most money to avoid building unaffordable debt.

Credit Tip: Be credit wise - If you carry a balance on an 18% APR credit card that rewards you a 1% cash-back bonus, you'd be wiser to use a 12% APR credit card that offers no cashback rewards.

Credit Tip: Payday personal loans can be a life saver for short term cash needs. Since more and more people have turned to credit to make ends meet, having the option of a fast, no credit check unsecured loan is comforting. If you do find yourself in need of money fast, there's nothing to feel embarrassed about because people across the nation frequent payday lenders.

If you need a long term personal loan but you can't get approved because of a bad credit history, you may be able to coax a money from friends or family if you present them with a signed loan agreement and perhaps something of near equal value for collateral, such as jewelry or electronics. Download our free person-to-person personal loan agreement letter.

Credit Tip: Need a bad credit loan but don't want a payday personal loan, don't want to sell any belongings or you don't have equity in your home or car? You can get a no credit check loan by using merchandise (appliances, jewelry, electronics, etc) as collateral at a pawn shop.

Credit Advice - Person-To-Person Personal Loan - If a friend or family member asks you for a loan and you're afraid of not being repaid, have the borrower let you hold merchandise (collateral) of equal value and sign an agreement that you can keep or sell the merchandise if the loan is not repaid per the agreed terms. If the person refuses, that should warn you that even the borrower isn't sure he/she will repay you.

Secured and Unsecured Personal Loan Options: Depending on your credit score and possibly equity requirements, there is either a secured or unsecured personal loan for you whether a high limit secured bank personal loan, a unsecured person to person loan or a payday personal loan.


When it comes to finding the right personal loan, the bottom line is trying to find a favorable low interest rate. Individual circumstances vary, and people may need a loan sooner than they are able to get approved for one through a traditional lender. Banks usually do not approve those people without good credit history, or give them loans with the best interest rates. A fast cash loan can help in a crunch. Different lending options have emerged that cater to different circumstances, and each lender may offer different terms and interest rates.


A bank may be the first place consumers look when they need money. However, due to the problems of the economy, many banks have cut back on loans of all kinds. For example, even credit card limits have been slashed for those with the best credit and payment histories. Not only are they approving fewer loans, but also charging higher interest rates. Rates can vary by location, the rates in New York are around 16% and in Los Angeles around 18%. Online rates can also vary among lenders.


Banks operate under stringent federal regulations, and that may give a sense of security when it comes to money. Anytime there are dire circumstances and there are not any other options, then the only next option may be a popular payday loan. Many online loan lenders specialize in payday advances from $100 up to as much as $1,500. The fee for each $100 can be as low as $15.00, compare that to a bounced check which can cost on the average of $29.00. Loans like these can be used by people in a jam when a bank will not loan money.


There is a new lending boom dealing with person-to-person personal loans. These are made by individuals to other individuals with no banks involved. They could be a high risk for lenders because a borrower could default on repayment. Sometimes they market to consumers with credit scores over 640 which means better credit is required. Most Americans have less than perfect credit and that makes payday personal loans a very popular choice. Such cash advance lenders approve bad credit people and boast no credit check.

Personal Loan to Pay Bills: Many consumers have those times when they do not know how bills will be paid before their payday arrives. They fret over late fees that will be charged for paying debts late or even for having to pay over draft fees due to spending more than what was in a bank account. However, it can be less to pay the fees for some payday loans than to pay the fees for one bounced check, which can be as much as $39. A decision usually must be made fast concerning how to handle bill collectors and late bills. Some bills that are not paid on time, could mean the electric or gas power will be cut off, and that is certainly one bill that needs to be paid on time. There is a popular option that many people choose, and that is to get approved for a payday personal loan. Even bad credit people have a chance to get approved with some fast cash lenders.


Circumstances arise each and every day like an auto breaking down or an unexpected medical bill that requires money. The possibilities for needing money fast are endless. However, getting cash when personal credit is bad can be difficult if not impossible through a local bank. This is when a cash advance service or payday lender can be the next choice. They usually specialize in helping people who are struggling through a tough economy and have bad credit or no credit. Living paycheck to paycheck is not fun, when there emergencies that require money fast. For those with less than perfect credit, there are many options to apply with online lenders for a short term.


Many lenders have reasonable fees and have respect for customers. Some offer an instant no fax payday loan and some require a fax. Some will do a credit check while other payday loan companies do not require credit checks. There are many choices with different rates, fees, terms, and conditions. The application process online can be completed within minutes and often processed within hours due to less paperwork. It is important to compare the information among lenders and apply with the one with the requirements you prefer. Pay back dates can vary and whether or not the loan can be extended may vary among lenders. When the loan is not paid off by the due date, there are usually extra fees, be sure to check out those details. It is always best to review any and all information for loans before applying.

Unsecured Personal Loans: Unsecured personal loans are short term loans that have no collateral requirement. They may be referred to as signature loans, payday loans, cash advances and paycheck loans. It is a loan that can provide people with money to pay unexpected bills, or most anything a person desires. Qualifying is not very hard, but each lender has certain requirements.


Cash advances require that applicants be at least 18 years of age, other requirements could be to have a steady job, or a current checking or savings account. For people who need money and meet the conditions, it is highly likely to get approved. It takes only a few minutes to complete an online form, and applicants may be able to get approved in just minutes. Consumers can apply for a couple hundred dollars up to $1500. There are hundreds of reliable lenders online, ready to take applications.


Americans are borrowing from cash advance companies every day when they have a cash shortage. Whether it is the result of a medical emergency, a birth, a wedding, needing money to hire a lawyer, pay a speeding ticket, go on vacation or for auto repairs. Those who need money to buy groceries or to pay a utility bill, are able to find a loan without going to the bank to spend hours trying to get approved. When a bank will not loan money, this is one loan that may give the needed cash fast.


Consumers often use the same lender, and borrow money several times a year. Using these loans online can prove to be the most convenient method. It can be done in the comfort of your home, and it is easier to compare terms among all the resources. Rates can vary and they can have excellent terms available. Charges can range from $15 to $20 for each $100 that will have to be repaid. Some lenders may not approve people who have filed for bankruptcy within the last year. Review any information on the website before applying.


Applicants usually provide details such as name, address, phone number, and job details. To have money deposited, companies require a checking or savings account. Once approved, the person can get their notice fast through email or a phone call. Funds that can be transferred into an account, and it can be done electronically within a few hours or within a day. Customers have different payment options, for example, they may choose to pay off the loan in full on the due date, before the due date, or even extend the loan. Another option may be to have the loan amount withdrawn electronically on the due date.

Credit Card


The year started off with much gloom, with card offers having higher fees and not many perks. That is changing as incentives are picking up in the way of credit card offers. One indication is even the young are getting card offers in mailboxes. Credit card solicitations are tracked and it has been estimated that over two billion were sent out last year, that number appears to have increased about sixty percent since 2009. More reward programs and incentives are going to lure in new customers for big companies.


Expect good cash back offers and better perks in the way of travel cards for this coming year. Along with better offers and the fact that the new federal rules are being managed just fine by credit card companies, will lead the way for cardholders and issuers. Discover has a five percent cash-back bonus for purchases in specific spending categories and more for spending online, it is worth the time to check out the Discover card offers. For people with good credit, who must travel frequently, there may be even more perks and bonus offers. Compare cards as some may not have annual fees.


Prime rates may increase making some people worry about card interest rates, but even so, there will be low fee offers just due to the competition. Along with a recovering economy will come an increase in rates. There will always be some card offers for zero percent balance transfer people, who have the best scores. Many consumers can take advantage of cards with good introductory rates or low fees. Some cards may offer a small rate for a couple of years, and issuers will need to be creative in marketing their offers. Balance transfer fees can vary and fees for cash advances, be sure to compare card offers as they may offer more benefits in the future.

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