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The difference between an unsecured loan, and a secured loan is pretty substantial. A house, or a car is used as collateral and therefore secures the loan for the lender. For an unsecured loan, there is no collateral available to the lender.

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12y ago

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How do you unsecure your debt once it is secure?

The first step to move secure debt to unsecure is to get a credit report to see how much unsecure credit you can obtain. Apply for different loans and use the unsecure credit to pay off the secure debt.


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What are the pros and cons of using a debt consolidation service?

Debt consolidation is where you get a single loan to pay off smaller loans, meaning you only have to pay one monthly payment rather than several. Loans depend on whether they are 'secure' or 'unsecure' loans, where a secure loan can repossess your property if you don't pay, whereas unsecure loans cannot. Usually, secure loans have lower interest rates as the company is at less risk if there is no payment. However, it would be best for you to pay the higher interest and be safe if you feel that you will not be able to make repayments on time.


What are good interest rates for bank loans in 2013?

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Who is ULServicesOnline?

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What are some examples of personal loans available in the market?

Some examples of personal loans available in the market include unsecured personal loans, secured personal loans, fixed-rate personal loans, variable-rate personal loans, and debt consolidation loans.


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To secure loans for personal finance needs, you can approach banks, credit unions, or online lenders. You will need to have a good credit score, stable income, and a clear repayment plan. It's important to compare loan offers, read the terms carefully, and only borrow what you can afford to repay.


How do personal credit ratings impact one's ability to secure loans or credit?

Personal credit ratings impact one's ability to secure loans or credit by influencing the lender's decision on whether to approve the application. A higher credit rating indicates a lower risk for the lender, making it easier to secure loans or credit with better terms and lower interest rates. Conversely, a lower credit rating may result in higher interest rates or even denial of credit.


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where can I get a secure payday loan?

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