Comments on: What is the difference between an unsecured loan and a secured loan?

By: Jim L

Jim L — Thu, 04 Mar 2010 15:48:59 +0000

A secured loan has collateral backing it – like a car or a house. If you don’t pay back the loan the lender can seize the asset securing the loan.

An unsecured loan is basically your promise, not backed by any asset.

When you borrow money, you prefer to have an unsecured loan. But banks like secured loans and it’s often hard to get an unsecured loan. But a loan under $10,000 stands a pretty good chance of being unsecured.

By: rebeli812

rebeli812 — Wed, 03 Mar 2010 16:57:08 +0000

een auto of huislening wordt beveiligd door het huis of de auto. de meeste creditcards zijn onbeveiligd tenzij zijn een beveiligde kaart die u geld in het betekent moet deponeren alvorens u het kunt gebruiken.

By: Common Sense

Common Sense — Wed, 03 Mar 2010 03:05:30 +0000

One is secured by collateral, one is not. Secured loans have lower rates.