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Home > Business & Finance > Can Anyone Explain The Difference Between Secured Loans And Unsecured Loans

Can Anyone Explain The Difference Between Secured Loans And Unsecured Loans

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leojack | 09:32 Wed 23rd Oct 2019 | Business & Finance
4 Answers
Which one is best to choose, Secured or unsecured loans?
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Avatar Image woofgang
Secured means you have something that the loan company can take off you if you don’t make the repayments, usually a house or a business. Unsecured means they trust you to repay. Secured are usually cheaper as less risky for the lender. There are also guarantor loans where the loan is secured by someone else who will be required to make the payments if you can’t
09:38 Wed 23rd Oct 2019
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Avatar Image Old_Geezer
Depends on whether you're planning to default or not.
17:35 Tue 24th Dec 2019
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