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

Answers:1   |   LastUpdateAt:2012-10-04 23:37:06  

Question
Highland Middle
Asked at 2012-09-24 13:59:02
Does the same apply to credit cards ?
Answer1sasjahAnswered at 2012-10-04 23:36:14
a secured loan means you put some kind of guarantee , as the title of your car or boat or something that has more value than the loan amount . Credit cards are different . some must pay an amount of money and that is all that can happen is that the amount .
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