Unsecured Loans

At some time in life, nearly everyone will need to borrow money. Rare is the person who has saved enough to buy a car, appliances and other necessities of life when the need arises. In these circumstances, most people obtain a consumer loan.

AFSLoans "do not use collateral" as a basis. When you qualify for an Unsecured Personal Loans, the lender has reason to believe that you can and will fulfill the contract between you. Credit cards are frequently unsecured contracts. These type of loans typically have higher interest and lower credit limits than secured loans.

Consumers should always read contracts thoroughly, as they often include agreements of Unsecured Personal Loans to add items such as credit insurance to your monthly payments. If you do not want such insurance from the lender (you can usually get it cheaper elsewhere) you'll still pay for it if you sign the contract without reading it carefully.

It is your right to take as much time as you need to know exactly what you are signing to Unsecured Personal Loans! The lending agent that tries to rush you through a contract must be told in no uncertain terms that you need to be sure what you are signing.