MAR 24, 2019 0

Personal Loans


Comparable.com offers a free service which simplifies the process of shopping for a personal unsecured loan. Whether you are a consumer or small business owner, Comparable.com offers solutions tailored to your needs so you get matched with a great loan, fast. We offer options for borrowers cross the credit spectrum.

Our website uses smart technology to quickly match your loan request with our network of lenders in all 50 states.

With so many personal and small business loan options available at Comparable.com borrowers can save both time and money. Simply fill out the short application and review your options rather than spending valuable hours looking for solutions.

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Why you should choose Comparable.com

Comparable is on a mission to give consumers and more effective way to find great loans, faster.

Features

  • Quickly Matched to Appropriate Solutions
  • Highly Rated Lenders Identified and Offered
  • Always Confidential, Safe, and Secure
  • Offered in all 50 States
  • U.S.-Based Support Staff

Benefits

  • Applying for a Loan at Comparable.com is Free
  • Easy and Efficient Process
  • Intelligent Options and Great Choices
  • Helpful and Friendly Service
  • Offers Peace of Mind

Does This Sound Like You?

Comparable.com is a good fit for you if you recognize any of these statements:

  • I need money quick.
  • I am looking for a loan that requires no collateral.
  • I don't have time to apply on my own.
  • I was turned down by my local bank.
  • I want choices and loan options.
  • I may have inaccurate items on my credit report.
  • I'm struggling with high interest debt and need a lower monthly payment.
  • I’m not sure why I have not been able to find a loan.
  • I'm intimidated by the borrowing process.
  • I am concerned with privacy and security when obtaining a loan.

 

What are the Types of Personal Loan Solutions?

There are a number of personal loan types available in the marketplace:

Unsecured Personal Loans

Unsecured Personal Loans offer consumers a quick action loan without the need for collateral. The borrower promised the lender to to repay the loan at a specific interest rate in a defined period of time. In short, it is a pledge to pay, but no property is pledged in support of the loan. Rather the loan is secured by a promise. Such loans are made by lenders based up on the credit worthiness of the borrower.

Personal Loans can also be called “Signature Loans” or “No-Collateral Loans”. Typically the interest rate is higher than on a collateralized loan but the borrower avoids the risk that comes with pledging assets.

Peer-to-Peer Loans

Peer-to-Peer loans, also known as P2P loans, are loans made from non-traditional lenders. Rather, they are made from regular people, typically through a peer-to-peer lending platform. Lending individuals or institutional investors choose from listed loans and decide whether they want to participated, in whole or in part, in the funding of a loan listed through the platform. The lent funds distributed by a financial institution and the borrower makes payments to the peer-to-peer which distributes those payments back to the investors.

Typically with Peer-to-Peer lending the borrower’s personal story will have more influence in the loan being funded. Additionally, interest rates are usually around half of normal credit card rates, making it easier to pay off.

Secured Loans

Secured loans include standard mortgages, home equity lines, auto loans, and title loans. Secured loans can be the loans of choice for those with bad or poor credit since the lender is receiving the pledge of a hard asset, not just a promise to pay. If the borrower is unable to pay, the lender could foreclose on a house or repossess and sell a car or other asset to recover the debt.

Short-Term Loans

Short-Term loans, sometimes called payday loans are very high interest rate loans. Comparable.org does not offer these loans but they can be obtained through lenders that specialize in these loans which are tied to the borrower’s next paycheck and at very high interest rates.

How to Find the Right Personal Loan?

Comparable.com offers the expertise to match you with the best loan option, quickly and easily. Comparable.com works with leading lenders across the country to offer consumers efficiency and choice with a simple process. Best of all, there is NO COST to apply