Chase Unsecured Personal Loans are Your Answer to Financial Security

How well have you planned out your life? Figured out everything you need to do, when to do it and how? Do you believe everything in your life will go exactly as you have planned? You might believe that but we all know how unpredictable life can be. Everything could be amazing one day and fall apart the next. What do you do in such a situation? Where do you turn to for help? To a bank. Why? To take out a loan to help you in your hour of need. And if you have good credit, you can turn to Chase unsecured personal loans to get you through the difficult times.

Secured or Unsecured Loans

What is a secured or an unsecured loan, what makes them different from each other? Well, when you pledge some asset to the bank as collateral for the loan, it’s called a secured loan. The loan in this case is a secured debt that you owe to the creditor. On the other hand, there is no collateral in the case of unsecured loan; you receive the loan solely based on your good credit.

Chase Unsecured Personal Loans

Now, if you have an account with Chase bank, you can qualify for the Chase Unsecured Personal Loans if your credit is good enough. However, if you go to the JP Morgan Chase bank’s website, you won’t find an option for Chase unsecured personal loans or other loans. That is because Chase bank is not offering such loans anymore, but there are other ways you can get financial help from the bank. Two of these methods are equivalent of Chase unsecured personal loans because they do not require any collateral. These include:

Chase Credit Card

The first method that works in place of Chase unsecured personal loans is where you can get an unsecured credit card. What is an unsecured credit card? Basically, it will have no annual fee and a 0% APR. One option is the Chase Freedom card. You get 0% APR for the first 15 months and zero annual fee. You can use this card to make a large purchase or pay for anything at all. However, you should have a really good credit to get a card from Chase.

Bank Overdraft

You can also use the bank’s checking account overdraft feature if you don’t have collateral and need personal financial assistance, similar to Chase unsecured personal loans. A bank overdraft works as a short-term loan and account holders can make small purchases using their debit card if they don’t have enough funds in the account. You will need to open a checking account and apply for overdraft protection with no extra cost if you want to use this option.

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