What are Installment Loans?

When you need money for one of life’s many emergencies, you don’t have time to wait and want the money you need as soon as possible. Emergencies are a key driving force behind many different types of loans. If you have a bad credit history, can’t get a bank loan or don’t have credit cards it can be difficult to get the money you need for emergencies. Common issues include automobile problems, home repairs and other sudden events. When you need money, installment loans can prove very useful indeed. Plus they are not only for emergencies as an installment loan can also be used when you need to cover other expenses and a bank loan is unavailable. What follows is a brief explanation of what installment loans are, how you can qualify for installment loans and who to get them from.

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The Pros and Cons of Home Equity Loans

Today, a growing number of homeowners are tapping into the equity in their home through home equity loans. Home equity loans allow you to turn your equity into cash to pay debt, pay for college, take a dream vacation, or anything else. In many ways, these loans are almost identical to a second mortgage on your home, except you receive the cash in hand to use as you wish. In any case, it’s important to understand the pros and cons of a home equity loan before you decide to go forward. The following information explains a few of the pros and cons of a home equity loan.

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How to Avoid Loan Sharks

If you are a consumer with bad credit and you are strapped for cash, your frustration with being unable to obtain a loan from a traditional lender may leave you with the intention of taking more desperate measures. You may even be considering taking a loan from what is commonly referred to as a “loan shark”. Since dealing with loan sharks can be detrimental to your financial future, as well as the well-being of your family, it is vital that you avoid doing so at all costs. Fortunately, there are other options available for consumers with poor credit scores.

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Can I Get a Loan if I’m Unemployed?

Can I Get a Loan if I’m Unemployed? Yes, but Understand the Reality

The first thing you need to do is understand the reality of the situation. There are some lenders out there that will give you a loan, but finding them can turn into a frustrating search.

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