If you need money fast you can get a signature loan without too much trouble. This type of loan does not require any collateral. It is given out on the basis of the previous credit history of the borrower. The better the credit past, the more opportunities to get the loan and the bigger amount of money available. Since these loans are a bit riskier for lenders they are called unsecured loans and require a little more effort for borrowers to get. The process is hassle-free with an online application and answers ready in a matter of hours. The best thing about the loan is that you are the only person responsible for paying it off and you can be in total control of what you do with it. It is also possible to get unsecured loans for businesses and in that case the company borrowing will have to be in charge of seeing the loan paid off.