Signature loans are unsecured personal loans that allow members to borrow up to the amount of one month’s gross income, up to $4,000. These are subject to the usual credit terms and conditions.
Share Secured Loans
Share Secured loans can be used to build your credit or to borrow at lower interest rates. The amount you borrow will be backed or ‘secured’ by the money on deposit in your savings accounts or a certificate of deposit (CD).
A ‘hold’ is placed on the deposited funds so they are not spent while they’re securing your loan. As the loan balance goes down, the held amount on the deposited funds goes down. Also, if you need the deposited funds sooner than anticipated, simply pay off the loan and the hold can be released.
Debt Consolidation Loans
A debt consolidation loan is a type of financing for people with acceptable credit who have multiple debts they wish to combine. It allows them to combine all of their debts into one new loan and replaces multiple monthly installment payments with a single loan payment. The loan is intended for people who may find it difficult to make more than the minimum monthly payments to their creditors. Debt consolidation can often work for credit cards, payday loans and medical debts as well.