Is there any one Who Define me-Secured Loan Vs Unsecured Loans?

Question by : Is there any one Who Define me-Secured Loan Vs Unsecured Loans?

Best answer:

Answer by Adam N
secured is when they ask for collateral like a house or car or something, so if you can?t repay the debt they take the collateral instead. An example of a secured loan is a mortgage.

Unsecured is when they don?t ask for collateral. An example is a credit card.

What do you think? Answer below!

This entry was posted on Saturday, June 2nd, 2012 at 6:23 pm and is filed under loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

GET PAID TAKING SURVEYS AT HOME
Every year large and small companies spend billions of dollars on surveys and market research to help learn what products people like you want to buy! They NEED your opinion to help improve their products which will help them make more money and are willing to pay you for your help! The best part is that ANYONE can take paid surveys. It doesn't matter if you're young or old, man or woman, or what language you speak! You WILL get paid for your opinion! You may have heard of...

THE MOST ADVANCED SKYPE ADD-ON FOR INTERNET MARKETERS
The All-In-One contact management solution for Skype user. This add-on make ridiculously easy to communicate with your list. Write your message, add a Firstname Tag to make it personal, and send it out to thousands of people instantly. It gives you perfect overview of your Contacts - Know what Contacts are in what Categories, Add/Remove multiple Contacts to/from Categories, and have all your Categories laid out nicely in front of you...

johnny jolly demi moore and ashton kutcher demi moore and ashton kutcher jerry sandusky interview white house shooting internet censorship sveum