Thread: Unsecured Loans
View Single Post
  #1 (permalink)  
Old 09-29-2008, 04:43 AM
jimpeter01 jimpeter01 is offline
Junior Member

 
Join Date: Sep 2008
Location: newyork
Posts: 1
jimpeter01 is an unknown quantity at this point
Default Unsecured Loans

Unsecured loans are loans in which there’s no need of collateral. These loans are also known as signature loans. To acquire unsecured loans one must have a good credit history or else it gets very difficult to acquire it. As there is no collateral in unsecured loans therefore it is less risky for the borrower.
Reply With Quote