What Are Unsecured Loans?

What Are Unsecured Loans?

Loans tend to belong to one of two major categories: secured or unsecured. It’s important to know which type of loan you have because the way they’re managed and the consequences for missing payments are different. Find out more about what unsecured loans...

Secured vs. Unsecured Loans

There are many differences that separate secured and unsecured loans. Here are some of the differences you should consider when applying for a loan. Understanding Secured & Unsecured Loans Secured loans involve an asset that backs the loan. For example, a house...