how are signature loans different from personal loans 
a signature loan is a type of personal loan it s different from other kinds of personal loans because it s unsecured the only collateral is the borrower s signature and a promise to pay who are signature loans typically good for borrowers with good credit are typically candidates for signature loans because they have established a record of paying debts and are a low risk for defaulting people with poor credit may still be able to secure a signature loan with the help of a co signer there are even some signature loans that don t require a credit check though these are often payday loans which typically have exorbitantly high interest rates 