Skip links

Benefits of Unsecured Personal Loans over Credit Card Debt

Unsecured personal loans are a type of loan that gives you access to funds which you can use any way you see fit. Due to the fact that they are unsecured, you are not required to put down any collateral to get it. Interest rates and monthly payments are almost always more affordable than other types of loans, which makes this a better alternative to credit card debt. Credit card debt exposes you to dire consequences like low credit score, outrageous interest rates and possibly missed opportunities.

Rather than suffer the consequences of credit card debt, why not apply for an unsecured personal loan? Unsecured personal loans are less stringent and offer you amazing benefits including some of the following.

  1. Zero Risk to Personal Property

One benefit of having an unsecured personal loan is that your property is usually not at risk in the event that you default on your payments. When you apply for this loan, you do not have to worry about losing any of your assets if you ever find it difficult to make your payments when they are due.


  1. Easy & Simple Application Process

The process of getting an unsecured personal loan is easy and simple. Most companies will want to put a hard inquiry on your credit profile to pull your report, but American Direct Financial will pull your credit profile using a soft credit check to determine your eligibility.


  1. Control over Your Repayments

With an unsecured personal loan, you can come up with a repayment plan and amount which suits your needs at the time. It allows you complete control over your repayment plans, so that right from the onset, you know how soon your debt will be paid off.

With an unsecured personal loan, you stand to benefit financially with lowered interest rates and affordable monthly payments, unlike credit card debts which can impact your financial standing. Avoid racking up credit card debts and consider applying for an unsecured personal loan at American Direct Financial today.

Join the Discussion