However, the Internet Age has allowed a new frontier of lenders to come into the scene.

The bonus is when payments are made on time and the loan is repaid, the lender informs the credit bureau and that boost's 
the client's credit score. However, secured personal loans,
since they're normally borrowed against someone's house,
tend to be more acceptable and safe for banks and lenders 
to provide to anyone, including individuals with poor credit.