Released on: January 23, 2008, 2:03 pm

Press Release Author: America Unsecured Funding

Industry: Financial

Press Release Summary: You assume a small loan will be easy to obtain. But obtaining
small unsecured loans through banks can be more complicated than you first think.
When you need a personal loan, there are many more innovative options today than a
simple traditional bank loan. A bank loan that's personal and unsecured may seem
like a product that's simple enough, but sometimes can be difficult to find.

Press Release Body: It can be difficult to get an unsecured personal bank loan at
your local bank because banks tend to push credit cards rather than small loans.
This is because they enjoy a far greater profit margin off the credit cards.
Additionally, banks are certainly not the most efficient source for quick funding
either.

A personal bank loan is one of the most commonly sought products when it comes to
bank lending. When the budgets seem a little tight and you need some extra personal
money, loan options may be one of your first considerations. Keeping all of your
financial options in mind is very important, and you should assess these against
your personal needs. Each choice may offer its own advantages and disadvantages, and
weighing these pros and cons will help you select the best financial option for you.

You may realize that banks often are not very enthusiastic about extending a
personal bank loan, and in many cases, do not even have such a product available.
Instead, they will push you to fill out a new credit card application. But this is
not an accurately matched product for the bank loan for personal reasons you really
need.

When money becomes tight, most people impulsively resort to using credit cards.
This, however, can create an epidemic debt problem that can be very difficult and
take years to get out of. High interest credit cards quickly accumulate balances
with not only the high rate, but also fees and heft late fees.

A unsecured personal bank loan can be a much more financially sound option. These
generally have much lower interest rates than do credit cards. A Personal Bank Loan
can be obtained for just about any purpose, and can be readily obtained through a
variety of lending sources. Banks, finance companies, and several web based
companies offer personal money loans. So if your bank does not offer you the bank
loan for personal reasons you are looking for, there is a good chance you can find
it through another source.

These loans are generally unsecured. They can also be obtained rather quickly. You
can avoid showing maxed out credit cards on your credit report by getting a personal
money loan instead. This will give you cash to take care of needs. You can even use
them to pay for a down payment on a car, debt consolidation or to take a vacation.
The versatility and freedom of personal money loans is what makes them so popular.

While the demand for unsecured personal bank loans has more than doubled in the past
decade, their availability has dwindled. Today, consumers seeking a little extra
cash have many other funding options. You can get a loan that's better than a bank
loan for personal reason that's unsecured. Customers can access web based lenders 24
hours a day from the comfort of their home or office, and quickly apply and be
approved for personal loans at great rates.

It is important not to get caught in the trap of accepting the credit card options
many banks push as an alternative to unsecured personal bank loans, since these are
generally associated with higher rates and other associated fees.

Web Site: http://www.venturecapital.20m.com

Contact Details: America Unsecured Funding
p o box 60882
Chicago, IL 60660
http://www.venturecapital.20m.com