Wednesday, February 22, 2012

Choosing Between Secured and Unsecured Loans

12:50 pm Finance

It shouldn?t be that hard to choose between the two, but it definitely is for a lot of people. When you look at secured and unsecured loans you?re making your first decision of many about your financing options, and it will change things for the life of your loan. With a secured loan you offer up some kind of collateral, which affords you a lower interest rate and an easier time getting approved. While this is always a great perk, it?s even more important when you?re looking at secured loans for bad credit because of how difficult these things are to find with a bad credit history. When you?re getting unsecured financing all you?re giving them to decide to work with you is your credit history, so it?s important you have a good one. Even in that situation, however, secured financing will still have a lower rate.

Source: http://www.joesdesign.org/finance/choosing-between-secured-and-unsecured-loans/

gabrielle giffords juliette lewis nancy pelosi nancy pelosi chelsea handler mitch daniels lakers

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