Whats is the difference between a secured and an unsecured loan?

Answers:1   |   LastUpdateAt:2012-09-16 12:21:05  

Question
hedgehog
Asked at 2012-09-02 16:55:04
Whats the difference between a safe and an unsecured loan ?
Answer1Dulce :)Answered at 2012-09-16 12:21:05
An unsecured loan is one in which you pay the money based solely on your creditworthiness ( rating) and signature. MedlinePlus MedlinePlus A secured loan is one where you hold something of value that you own, but they have the right to own and sell if you do not make payments as a house, a car , jewelry , stocks, etc etc
Related Questions
1
  • Answer This Question:Whats is the difference between a secured and an unsecured loan?