Asked 2/24/2006
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What exactly are unsecured and non secured loans? How are they different from secured loans? |
Answer 1/1 - Submitted 2/24/2006
Secured loans are given with something stated as collateral ( you don't pay your loan, we take your house, car, etc.) Non-secured loans are more like personal lines of credit. They are harder to get, and tend to be higher interest.
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