Did you know a personal loan is unsecured meaning that it does not require the borrower to put up a form of security as a guarantee for the lender. The lender bases a decision on whether the borrower will be able to repay the loan. Personal loans are available from a wide range of lenders, applicants are not restricted to the traditional High Street banks.
So how do personal loans work, should you apply for a personal loan, what are the downsides? These are all questions that we look into and more from the Payday Loans Ebook. This is a perfect guide for those looking to take out their first personal loan or for someone that may need more information on the subject of personal loans.
This Ebook also lets you know how much you could get for a personal loan and what the rules are from the Financial Conduct Authority (FCA) and what the pay back scales are and how these work.
In any money borrowing circumstance make sure you understand the rules and the implications this may have on you and your credit rating.