When life throws your pears turn them into bananas. Wait, what?

Yeah, you read that correctly.

Adulting is tough. Life throws you unexpected turns like that whimsical sentence that grabbed your attention. Financial curveballs are thrown almost all the time.

Which is probably why you are here, reading this.

You have nothing to feel bad about. Almost 15 million Americans + have taken out at least a personal loan in the last year.

The important thing though is responsible loan management. Which is exactly what we plan to help you with in this article. From finding the right loan for your needs, to hidden benefits of each loan, and the potential problems that you may face.

Ready to get into it?

Unsecured Or Personal Loans

In the last year alone, almost 34 percent of Americans have taken out a personal loan.


Because getting a personal loan is actually pretty easy. All you really need is your Hancock (signature). One of the biggest advantages of these loans is that the interest rate is a constant for the lifetime of the loan.

Meaning the interest rate you agree to is paid off at a fixed monthly rate for the duration of the loan. Generally, these loans require no collateral. Unlike car title loans for example.

The only downfall of this particular form of quick cash is that you will need a somewhat decent credit to be eligible. Especially if you are looking to consolidate a rather large amount. 

Payday Loans


Each year, approximately 12 million Americans take out payday loans to help them out of a quick jam.

Payday loans are generally taken out in small amounts. Pretty much anything lower than $1,000. Mainly due to the higher interest rate.

Essentially, these loans allow you to get a quick influx of cash to help with unexpected expenses. The only downfall is that the loans will be debited when you are paid. Meaning it will come out of your next wage/salary cheque.

There are plenty of providers out there to help you out of a fix when it comes to payday loans. But due to the higher interest rates, you really need to be careful about who you choose to go with. Here is a great company to partner with for payday loans near LA.

Collateral Loans / Title Deed Loans


Car loans in the united states (collateral loans) are actually at a record-high.

This is a great loan choice for individuals who are struggling to get out of the heavy banner of debt and a bad credit record. Essentially, you place your vehicle/home etc as collateral to compensate the lender if the amount is not paid back in full.

If you are looking to get a business loan, or even a personal loan on a bad credit record – this may be your best chance at getting the sum you need to cover cost. Here are a few important considerations that you will need to make when it comes to getting a collateral loan.

Student Loans – You Probably Know All About These


Student loans are probably one of the deadliest forms of loans out there. At least, if you go about it the wrong way.

But if you are looking for some help to get to varsity so that you can follow your passions – this is the best loan out there for you. Generally, we do not recommend using this loan to cover your entire school fund.

Instead, we recommend you follow the norm and only use this to substantiate the expenses of college until your financial aid kicks in. Which is why the maximum amount we recommend taking out is roughly $1000.

If you are lucky enough to get a student-loan directly from your university then the great news is that you can take out a short-term loan – interest free. Which is the biggest mistake students are making (not going for these smaller short series loans)

The only downfall of this type of loan is that you need to be able to prove that you are a student of the particular college or varsity that you are applying to for the loan. After all, it is a loan designed specifically for their students. They don’t want any Tom, Dick, and Harry taking out risky loans.