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dation loans can be the answer for anyone who is having trouble managing their finances and doesn't have anything to supply as security for the loan. Unsecured signifies that the loan does not depend on you owning property or other assets that the bank would foreclose on if you did not pay. A mortgage is an example of a secured loan. A car loan would typically be unsecured. Unsecured loans are riskier for the bank so the rates of interest tend to be over for a secured loan. Even so, for the person removing the loan perhaps it is better because the bank cannot take your property if you do

Written by: Writer Friend Uploaded Date: 20th Sep 2010 Words: 468
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