PROTECTED VS. UNGUARANTEED LOANS: UNDERSTANDING THE DIFFERENCE

When seeking a loan, one of the most crucial aspects is whether it's collateralised or collateral-free. A collateralised loan necessitates collateral, which is an asset the lender can reclaim if you miss payments on the loan. This collateral serves protection for the lender, rendering secured loans less hazardous. Conversely, an unsecured loan does