Author Topic: Secure vs Unsecured loans  (Read 147 times)

Offline Spinningla

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Secure vs Unsecured loans
« on: November 12, 2013, 11:44:05 PM »
How does secure loan differ from an unsecured loan? What are the advantages of each loan? How do you apply for unsecured loans?
« Last Edit: November 12, 2013, 11:44:05 PM by Guest »
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Offline SpillSpinning

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Re: Secure vs Unsecured loans
« Reply #1 on: November 13, 2013, 07:30:01 PM »
Both of these loans are a big financial commitment and both of these are risky in our lives. However, it can also help us in many ways. By taking one out, you will be required to give up a portion of your salary every month until the loan is paid, and failing to do so could result in serious consequences. The unsecured personal loan does not require you to secure anything against the loan, the lender relies on your contractual obligation to pay it back, unlike the secured loans, failing to repay the loan could result in the lender taking possession of that *et, and selling it to cover their losses.
« Last Edit: November 13, 2013, 07:30:01 PM by Guest »
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