Many sources make money available to loan — most legitimate, and a few that are out to prolong your debt just to take more of your money.

A bank may offer you an "unsecured" loan if the borrowed amount is small and your credit is good. A "secured" loan, on the other hand, is one that is guaranteed by personal property such as your home or car. If you join a credit union, a lower interest rate may be available.

Finance companies, on the other hand, usually charge much higher rates for loans (especially auto and home equity) to people with a risky credit rating. Watch out for high-interest loans and those requiring an up-front payment from you, a sure sign of a scam. Be sure you have read and understand the terms before you sign a loan contract of any kind.

Car Loans