article thumbnail

What Happens After a Personal Loan Bankruptcy Discharge?

Sawin & Shea

Unsecured loans don’t have collateral. No-credit-check lending, such as payday and title loans, often comes with unreasonable fees and annual percentage rates (APR). When seeking a new personal loan after bankruptcy, use legitimate lenders, such as major financial institutions, credit unions, or through Credit Karma.

article thumbnail

How to Get a Loan With No Credit History

Credit Corp

Instead of reviewing your credit history, the lender will consider other factors, such as your income and employment status or collateral, to get a secured loan. Generally, most people should avoid no-credit-check loans since the added interest can make them extremely difficult to repay. What Loans Can I Get With No Credit?

Loans 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tips for Improving Your Credit: The Types of Accounts in Your Credit Report

Credit Corp

Auto Loans : Auto loans are issued by a bank, a credit union, or a company that specializes in automobile lending. Mortgage Loans: Mortgage loans are issued by a bank, a credit union, or a company that specializes in mortgage lending. Depending on the reason, they often do not require collateral.

article thumbnail

How to Find the Right Online Personal Loan for You

Credit Corp

When talking about the concept of online personal loans, it’s important to touch on the differences between secured and unsecured loans: Secured loans are those where collateral is put up to secure the loan. For instance, a home would act as collateral in a mortgage or home equity line of credit (HELOC).

article thumbnail

3 Strategies for Paying Lower Interest Rates on a Loan

Credit Corp

The following is a guest post from Dr. David L Tuyo II, president and CEO of University Credit Union. Securing a loan can be a big financial decision with a lot of implications on your personal finances and your life. Seek Out Credit Unions or Community Banks.

Loans 98
article thumbnail

What Is a Personal Loan?

Better Credit Blog

Personal loans are installment loans offered by a bank, credit union, or other financial institution to an individual borrower. The former uses collateral, commonly in the form of your vehicle title, to secure repayment of the loan. Personal loans can be either secured or unsecured.

article thumbnail

What Is a Personal Loan? How It Works

Credit Corp

A personal loan is money borrowed from a bank, credit union, or other financial institution that can be used for virtually any personal expense. You have to receive a personal loan through an authorized lender, typically a bank or credit union. What Is a Personal Loan?