Whats the difference between a personal loan and a secured loan from a bank?

Answers:3   |   LastUpdateAt:2012-10-16 15:34:01  

Question
Jean
Asked at 2012-09-14 20:57:03
thank you! ? ? ? ?
Answer1MS. HERRAnswered at 2012-09-24 00:45:02
can refer to personal loan loan purpose or it could mean that there are no guarantees . A secured loan means that the warranty has been pledge against the loan .
Answer2BethshayaAnswered at 2012-09-26 04:03:02
a personal loan is when you lend money based on your signature that you will pay it back ( which is based on your credit history and ability to pay ) . A secured loan is a loan that you have to put up collateral such as a car . for example , you want to borrow $ 1,000 and your car is worth $ 5,000 and you pay for what you use the car as collateral. if you do not pay back the bank come take the car . a car loan or home mortgage loans are collateral . to come get your car or home if you ' pay .
Answer3Pipe organAnswered at 2012-10-16 15:32:06
What people said.please Nalson report . I hate spammers .
Related Questions
1
  • Answer This Question:Whats the difference between a personal loan and a secured loan from a bank?