But it is easy to suggest which companies may not be the best places to go to.
Imagine most traditional lenders with all those big shiny offices and thousands of members of staff and shareholders who all need paying, and then guess where all that money comes from. You've got it - it has to come from the people who take out their loans.
Thankfully however, a much better way of borrowing has come along - ZOPA.
This is a great new way to borrow money from real people instead of faceless institutions with shareholders queuing up for your money.
Borrowing at Zopa is a much fairer and more human way of getting a loan, and because you are borrowing from another individual with no corporate overheads you should get a significantly better rate.
Zopa simply enables you to borrow from individuals so you can easily apply for a low-cost loan with no sneaky fees hidden away in the small print.
You should at least have a good look at how borrowing works at Zopa because honestly, you would be crazy not to see if a Zopa loan will suit your situation and compare it with the competition.
The bigger the personal credit provider, the harder it is for them to hide bad lending practices.
Small personal loan companies often charge a lower rate (APR) initially, but have lots of other sneaky ways of raising the amount you eventually end up paying.
Remember, unsecured loans usually have a higher interest rate, whoever you get your loan from. This is because they are more risky for the lender.
You take the greater risk with a secured loan because you may lose the property that the loan is secured against if you don't pay the loan back. This is why you generally pay a lower interest rate for a secured loan.
The information given by me on this site is not financial advice. I am only providing opinion, and information to help you to make good decisions of your own.