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Unsecured Loan

by Edward Smith

A personal loan that is not secured against a property or any other asset. They are less common than secured loans, have stricter credit scoring requirements, and are more expensive since they represent a higher risk to the lender. The lender has no entitlement to any of the borrower's assets in the event of the borrower failing to make the loan repayments.

Related Articles: Financing Your Car

Unleaded Petrol      Used Vehicle



 
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