For most people, there are really only two legitimate choices for taking out a loan. Yes, there are banks, and yes there are credit card companies that can extend you a line, but it takes money to borrow money, and you have to already have credit if you want to get credit.
So for most of the rest of us, there are just the two choices if we need to get a short-term loan:
If you have never needed to borrow money before, you may be asking what the difference is between the two. It all comes down to collateral. (more…)