What are the Risks of a Car Title Loan?
A signature loan is a type of unsecured personal loan that uses your signature as a guarantee against default. Because there is no collateral used to secure this loan, the interest rates may be higher. This type of loan may also be hard to get without excellent credit and a high income. However, if you can succeed in locating a signature loan, it will come with many benefits for your finances as well as your credit score. Fast Cash When You Need It The reason people seek signature loans is they need cash for a specific purchase or emergency. Signature loans are not used like car or home financing that require the funds to be used for a specific purchase. Rather, the borrower can use the loan as he or she sees fit. The loan can be used to consolidate other loans, refinance, pay medical bills or even take a vacation. It is possible to spend the money on more than one thing. Because this is an installment loan and not a revolving line, borrowers receive the entire loan up-front and in cas
