An unsecured loan is money that's borrowed without collateral. If money is needed on short notice, an unsecured loan may be closed and approved relatively quickly so you have the money you need without delay.
Also commonly referred to as a signature loan, unsecured loans allow the borrower to get a lump sum of money in exchange for a fixed number of equal installment payments that are made over the life of the loan.
Unsecured loans lock in a fixed interest rate that will not vary during the term of the loan.
Unsecured Loan Uses
There are many reasons borrowers take out unsecured loans including:
- An unexpected tax bill
- College Tuition
- Medical Bills
- Home Improvements
- Credit Card Debts
- Vacations
Need Help to Get Out of Debt?
If you have credit card debts, medical bills, tax debt, student loans, or other unsecured debts that are mounting, the Debt Relief Center can help you.
Take a minute to list the amount of debt you have and the type of debt on the right of this page. Once we know what your particular needs are, we'll connect you to a company that can help provide you with debt relief, and possibly save you thousands of dollars!
