Sometimes we just don’t have the straight out cash that we need to make big purchases that we really need and want.  Personal Loans make those things available to us.  Ever bought a car?  Well, you used a secured personal loan to do it with.  You can also get an unsecured personal loan for other high end items, but items that cannot or do not serve as their own collateral.  For instance, putting a new roof on can be done with an unsecured personal loan.  It is unsecured because a lender could not go tear your roof off and get their cash out of it if you failed to pay.  Interest rates are often a little higher, but unsecured loans offer flexibility in spending.