For one to be a smart borrower, you must have to understand the difference that exists between unsecured loans and secured loans.This two types of loans usually differ especially in one condition. The first condition is that one of the loans is
There are companies that guarantee or promise an unsecured loan; poor credit history or no credit history is not a problem they say. Then they will ask you for a fee. These are called “Advance-fee Loan Scams” by the Federal Trade Commission.
What are unsecured loans? Unsecured loans are personal loans that do not require you to put down anything as collateral. Most of the time, you do not need to have a co-guarantor (or co-signor) nor proof of home ownership. The amount of