Unsecured Loans
Unsecured loans typically don't require collateral [1]. Because these loans are not "secured" by collateral, they are usually more expensive and are usually only available to borrowers with high credit scores.
Issue:
Unsecured loans typically don't require collateral [1]. Because these loans are not "secured" by collateral, they are usually more expensive and are usually only available to borrowers with high credit scores.