 TITLE: What Is an Unsecured Personal Loan? CONTENT: Drawbacks of Unsecured Personal Loans\n-------------------------------------\nAn unsecured personal loan isn't always the best fit, though:\n*   Even for those with good credit, unsecured loans tend to have higher interest rates than secured loans.\n*   You might not get approved for as much money as you want to borrow.\n*   If you don't have good credit or a high income, you may only get approved for an unsecured loan with a high interest rate.\n*   Some lenders charge origination fees on unsecured loans, which can be 1% to 6% of the loan amount. END