Is there any one Who Define me-Secured Loan Vs Unsecured Loans?

Question by : Is there any one Who Define me-Secured Loan Vs Unsecured Loans?

Best answer:

Answer by Adam N
secured is when they ask for collateral like a house or car or something, so if you can?t repay the debt they take the collateral instead. An example of a secured loan is a mortgage.

Unsecured is when they don?t ask for collateral. An example is a credit card.

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This entry was posted on Saturday, June 2nd, 2012 at 6:23 pm and is filed under loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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