What is the difference between a secured and unsecured loan?

Piggy bank on white background. showing secured and unsecured loans

Secured loans As the name would suggest, a secured loan is one that’s secured against something you own – for example, if you can’t afford to make your mortgage payments or keep to the arranged repayment schedule then you could risk a tarnished credit report or further action. There are many reasons to select a […]

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