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An example of an unsecured note is a personal loan where the borrower does not provide any collateral, such as a car or house, to secure the loan.

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4mo ago

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Can you provide an example of an unsecured loan?

An example of an unsecured loan is a personal loan, where the borrower does not need to provide collateral such as a house or car to secure the loan.


Can you provide an example of unsecured debt?

An example of unsecured debt is a credit card balance that is not backed by collateral like a house or car.


What is an example of an unsecured loan?

An example of an unsecured loan is a personal loan, where the borrower does not need to provide collateral such as a house or car to secure the loan.


Can you provide an example of a question that includes the keyword note in it?

Can you give an example of a question that contains the keyword "note"?


Which of the following loan types is considered an example of an unsecured loan?

A personal loan is an example of an unsecured loan, as it does not require collateral to secure the loan.


Can banks hold car note for unsecured credit card?

yes


Can an unsecured promissory note be used for a deposit on purchasing a home?

No. An unsigned promissory note has no legal value whatsoever.


What is an unsecured promissory note?

A promissory note is a document where you agree or promise to repay a certain amount of money to someone. If it is unsecured, it means that nothing was put up as collateral to back up your promise [such as a house, a car, stocks, etc. ].


Can an unsecured promissory note be discharged in California under Chapter 7 Bankruptcy?

Yes.


What is the difference between a Secured Promissory Note and a Promissory Note?

A secured promissory note has collateral attached - usually an item/items of value or a deposit. If the note is not fulfilled, the creditor can seize the collateral as payment. An unsecured note has no collateral attached.


Is a negotiable promissory note owed to a friend a priority claim when filing for bankruptcy?

No, it would be a nonpriority, unsecured debt.


Where do you get an unsecured loan?

An easy way to find an unsecured loan service is by searching online. Online lending services provide an easy and fast way for people to get the money they need, right when they need it.