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Unsecured Loans – All You Need to Know

by flexyfinance , November 26, 2017—05:25 PM

Topics: loans

An unsecured loan is one that is often based on the applicant's credit score, as opposed to being secured by property or other valuable assets. You may also find that some refer to such a loan as an unsecured loan, or a signature loan. The amounts offered with unsecured loans can be much lower than that of a secured loan, although this can vary depending on the overall credit score of the applicant. Interest on unsecured loans are generally higher, because of the risk the lender takes when making an unsecured loan, in that there is no collateral as backup should a customer fail to make repayments.https://flexyfinance.co 0 comments