An unsecured personal loan can be a good tool to consolidate your debts and get a fixed monthly payment at a decrease price. If the mark obtained by a individual is above the set mark, he is accepted for being provided unsecured loans. Homeowners who do not want to put their home at threat can also apply for an unsecured business loan. Unsecured business loan can also be applied to meet the functioning capital requirement of a business. A borrower can get his credit score evaluated from any of the credit rating agencies namely Experian, Equifax and TransUnion. Limited funds and an limitless number of costs have often forced people to use personal loans.