Unsecured Personal Loan/Line of Credit

oh man, i used lending tree.com recently. i was really impressed, it was really cool. several lenders let you borrow their money to all add up to the amnt you need...mine was approx $5K. it was extremely easy, and overall maybe took 3-5 days to completely go through b/c you have to wait for all the lenders to fund the loan, then they have to verify your bank account, and then - bam! it's in your acct! very good APR, course that varies on your credit score, but i was very happy w/mine. anyway, that's my recommendation, good luck! :)

Sorry this isn't much help.

It's been many years since I've done this and a lot of lending laws have recently been changed, but I got mine from my credit union. If a remember correctly, it took about a week. If you have very good credit, it should make a difference who you use.

If you're not a credit union member, try your personal bank, or a a service like Lending Tree.

They have better rates than credit cards (unless your credit is really bad). They usually require a higher max credit line than credit cards. A general starting point is $10,000...For example, they might say no to a request for a $3,000 line of credit. They get approved faster than real estate loans as long as you have your documents in order (W2s, license, etc.)

Avoid loan brokers like Lending Tree, etc and choose a bank or a credit union.

Many companies offer short term, small (under $10,000) loans. I worked for WF for 8 years and their service area for this is actually separate from the "big" bank and called Wells Fargo Financial. Other banks offer similar services: CitiFinancial, Capital One...

Wells Fargo did, at one time, offer unsecured lines of credit within their main consumer bank. I have one from about 12 years ago that is for $5000 and it just sits there to serve as overdraft protection. I drew against it for a home improvement once, and paid it back within a a few months, and I remember the payments being about $100 a month. It was paid in full within a few months, just like you are referring to. I am not sure if they still offer this type of Line of credit, due to the current lending environment, but you could check. I'm quite certain that credit guidelines for this type of thing will be very strict, if they do still offer it inside the bank. Your terms may not be as favorable, but I'd bet credit guidelines will be less stringent in their WF Financial side. Typically, these types of deals don't take a week to process.

You should note that Lending Tree (The Lending Club, lending.com, etc.) is NOT a bank. They are a lead generating company. Banks, or individual brokers can sign up with them, pay a fee, and get your information sent to them. I'm not saying it's bad, just know what it is.

Hope this helps!
C.

I use a Credit Union for all of my banking needs.