If you have a short-term cash crunch and you have a credit card that offers a low fixed or introductory rate, you may be better off charging your needs instead of taking out a guaranteed online personal loan. Because personal loans are unsecured, the rates tend to be higher than other types of loans even at traditional lenders, much less at payday lenders. Want some guaranteed loans advice? If your credit card rate has a lower rate than what you can get on a loan, use the credit card. HOWEVER, you must pay the card off before the introductory rate expires. If there is no introductory rate, you must pay the card off within two years. That means paying much more than you would if you were paying the minimum rate alone. Figure out what your monthly payment would have been for the loan, and pay that amount or more each month to pay the debt off.