This paid post is sponsored by UKPersonalLoanStore.co.uk.

We all need money - particularly when we're out of work and aren't drawing an income.

But, just like in business, there's an order in which you should look for money:

1) OPM (Other People's Money) you don't have to pay back - such as gifts, grants, sponsorships or scholarships.

2) OPM that you have to pay back - such as loans.

3) Your own money.

When you're out of work (and even when you're fully employed), it's important to follow this order. 

But let's say you really, REALLY need to look at Personal loans.  Let's say you need one or more Personal loans to fix stuff, buy stuff or consolidate stuff.  It's important to look at interest rates, as you know, but it's equally important to look at the term of the loans.  Your rate may be lower, but it may cost you more if the term is longer.

Secured loans are another option.  With Secured loans, you put up collateral (an equal amount in cash or property) to make the loan happen.  Secured loans are great for those who may not have good credit or don't want to dip into their savings.  The bonus is you may get a better interest rate with Secured loans.

No matter what kind of loans you consider, though, be sure you go in with your eyes wide open.