diff --git a/Understanding-Unsecured-Loans.md b/Understanding-Unsecured-Loans.md new file mode 100644 index 0000000..d77906f --- /dev/null +++ b/Understanding-Unsecured-Loans.md @@ -0,0 +1,51 @@ +Secured loans require collateral, similar to property or automobiles, which the lender can claim if the borrower defaults. In distinction, unsecured loans don't require collateral, relying as a substitute on the borrower's creditworthiness. This distinction usually results in greater charges for unsecured loans due to the increased threat for lend + + +Payday [Other Loans](http://git.aiotools.ovh/ameep63168743/debt-consolidation-loan-wiki/-/issues/1) typically have a brief compensation interval and are designed to cover urgent expenses until the next paycheck. 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