Describe how a secured loan is different from an unsecured loan

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Bujji asked Jan 22, 2023

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Describe how a secured loan is different from an unsecured loan

English
high-school

Bujji asked Jan 22, 2023

by Bujji

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Answer:

Secured loan uses collateral (car or house) where unsecured does not use collateral (loan made just on promise to pay it back). ... Unsecured are usually smaller with higher interest rates.

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Andrey Chausenko answered Jan 29, 2023

by Andrey Chausenko

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