What Are Private Personal Loans?
Individuals who wish to consolidate credit card balances, need money for a large purchase or emergency, or are looking to take on a new project often use personal loans to meet their cash needs. Personal loans are usually not secured by collateral, and are typically issued by banks, credit unions and other financial institutions. Because they are based on your credit, they can be hard to get if you have negative marks on your credit report. Another option, especially if your credit is…