Large loans amount for unsecured personal loans are not treated very sympathetically. For large amounts a secured personal loan is more appropriate. Under no circumstance borrow money that is more than what you need, because every loan needs to be repaid. Always make concrete repayment plans while taking a loan. Every unsecured personal loan comes with a hidden caption ‘PAY BACK’.

The upside with unsecured personal loans is that loans are approved faster. It is due to fact that there is no collateral to be reviewed for unsecured personal loans. Unsecured personal loans can be applied for any reason like a holiday, or new car, home improvements, wedding, debt consolidation etc. financial institutions are not concerned about use of unsecured personal loans as long as you can prove to be a good candidate in terms of payback.

Unsecured personal loan a small catalogue of what to look out for – Unsecured personal loans rate, loan term, reputation of lender, pre payment penalties, your credit rating. An unsecured personal loan should not be settled exclusively on basis of interest rate.

What else can you do? Research! Get written quotes from money lenders and settle on loan lender which provides you with lowest interest rate. Improve your credit rating. A good credit rating will enable a speedy approval of your unsecured personal loan application.

Unsecured personal loans have been known to provide speedy financial assistance to when you don’t have any collateral to place for loan claim. Unsecured personal loans are like rain when you are going through a financially parched time. Your savings are hitting a bottom low, your car is not working, your kitchen tap is dripping, you have to take a much needed break, or may be you are buying some thing through a check and need financial help to cover up for your bank account. So, do you remember loan type? It is unsecured personal loans.

What if you did not authorize an inquiry, can you dispute it?

Yes. If you did not authorize any of inquiries on your credit report you can and should dispute them. To dispute inquiries obtain your credit report, then make a copy of your credit report, highlighting inquiries in dispute. Finally, send copy of your highlighted inquiries along with a letter demanding inquiries be deleted from your credit report to credit bureau.

Is it worth it?

The next time you are out shopping and salesperson asks you, "Would you like to apply for our credit line and receive 15% off your purchase?" Ask yourself, "Is it worth it?"

Scott Brown is a fair credit reporting advocate and the author of his own website Credit Repair (http://selfhelpcreditrepair.blogspot.com), a free information site dedicated to help consumers repair bad credit and optimize their credit reports and credit scores.