Business
Loans
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unsecured loans.A signature loan that is not backed by collateral or assets. A loan where the lender has no entitlement to any of the borrower's assets if the borrower fails to make the loan repayments. As can be expected, an unsecured loan carries a higher interest rate, about 14% more than a secured loan, and more in line with credit card rates. Frankly,
to be avoided if possible. Expensive money. |
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