Getting an unsecured personal loan from a bank or another source is a much better option than getting caught up in the credit card game. If your bank no longer offers personal loans, check around to see if you can find a bank that still offers them you can also find companies online that offer personal loans.

Personal loans are available for any purpose. Although there are still personal bank loans available from many sources, they are not as prevalent as they used to be. It may be easier to find a loan online through one of the many lenders that offer them through the Internet.

only if you really do not need the money this month — it really will not help in your situation!!!

Not really. The rate is based on the odds of repayment vs. default.

That’s not a bad rate for unsecured loan. Part of the reason they are higher interest is because they have no collateral. They are giving you money based only on a signature guarantee.

Really isn’t a bad rate at all.

The interest rate that the Fed cut was bank to bank rates. Even mortgages will only be slightly effected. Anything with a fixed rate will not be effected.