Secured loans require collateral, like a car or house, which the lender can seize if you don’t repay the loan. Unsecured loans don’t require collateral but typically come with higher interest rates due to the increased risk for the lender.
Empower Your Finances
Secured loans require collateral, like a car or house, which the lender can seize if you don’t repay the loan. Unsecured loans don’t require collateral but typically come with higher interest rates due to the increased risk for the lender.
