Are you in need of a personal loan to help you through a tough financial time? If so, this can be one of the hardest loans to get because you have to understand that they are not usually secured by a vehicle, home, or property. This makes them much more risky for the lender, but there are guaranteed personal loans that you can get and here are a few ways to get them.
First, you can use a site that is called Prosper. This is a great way to get your loan because it will be funded by other individuals that are looking for an investment. Even if you have bad or not so good credit you can get a loan from the Prosper marketplace and if you have good credit you can get a very good rate from this choice. You will sign up, get a credit rating, then post what you are looking for out of your loan.
Then, others can go to your listing and bid an amount they are willing to fund. If you are looking for a $3,000 loan, then you might have a handful of people willing to give you a few hundred dollars and all together they get you the $3,000. This is one of the top ways to get a guaranteed personal loan right now.
Second, you can go to your bank. This is for those that have a very good and long relationship with their specific bank or credit union. This allows you to the best possible rate, but they will either require collateral or a good credit score. They will also want to see that you have a decent amount of money either invested or saved and that you have a steady flow of income.
Last, if you really need the money and can pay it back rather quickly, then you can always get a payday loan or cash advance. These are guaranteed personal loans because they do not check your credit. As long as you have a source of income, make $1,000 a month, have a checking account, and can prove your a citizen of the United States you can get a loan from a cash advance store or payday loan store.