Loans Information

Luxury Real Estate Information

Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties

Oceanfront Estate Near Trump National

Related Information

Loan Information
Real Estate Information
Mortgage Refinance Information

Unsecured Loans

The term unsecured loan relates to a loan which is not secured on any physical asset or other legal entity.

To understand the term unsecured loan we will first look at the opposite, the secured loan:

Many loans can be secured on physical items or other assets such as intellectual property rights. The idea is that if the asset is worth something on the open market then it can be repossessed from the borrower and so taken as payment for the loan if the borrower defaults on the loan repayment.

Many businesses take out loans financed on their fixed assets including buildings and machinery. Today the most common asset for a consumer to use as collateral for a secured loan is their home. These types of loans are commonly referred to as secured loans and it has given rise to a big industry that is cashing in on releasing the equity in peoples homes to finance their wants, desires and debts.

Property prices normally rise over time and many western countries have seen a boom in property prices as populations increase and as their countries economy increases. This mean that a house bought for $100,000 in one year may be worth $200,000 in 6 years time and so people have spare cash locked into their property. Many people have bought their home as it is where they want to be and don't want to move. The money is therefore hard to get out unless they borrow against the property with a secured loan.

This type of loan can be of great benefit to some, with lenders often allowing more adverse applicants to take out a secured loan due to the security the lender has over their property. However, this is of no use to someone who does not own the property they live in.

If you are a tenant, live with your parents, or if you are a student with no legal title over any property then you would be restricted to the unsecured loan.

The unsecured loan does have some advantages and some disadvantages. As it is not secured on anything there is less work to do and the loan can normally be obtained faster. There are many online comparison services showing lenders who offer this type of loan.

One of the main disadvantages of the unsecured loan is that they pose a greater risk to the lender who would need to take legal action to recover the loan should the borrower default, they wouldn't be able to repossess any property as the loan is not secured. As a result of this they normally ask for a greater interest payment than with a secured loan and this can make the loan a lot more costly.

Both unsecured and secured loans have advantages and disadvantages but if you don't own property an unsecured loan is a reasonable financing option.

Article for Information only, written by Thomas Lonsdale who markets which offers Unsecured loans

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at


Israel's Finance Minister OKs Law to Allow Securitizing of Loans – but Not Mortgages
After almost three years of delays, Finance Minister Moshe Kahlon approved a law Sunday that would let banks and credit card companies securitize loans. However, Kahlon conditioned approval on excluding securitization of mortgages in the law. Israel is ...


How To Save $1,000 On Your Student Loans - Forbes
If you are one of more than 44 million borrowers who collectively owe more than $1.5 trillion in student loan debt, then you're not alone. According to Make ...
Consumer Debt Outlook for June 2018 | LendingTreeLending Tree

all 12 news articles »

Inside the Field: 2018 Quicken Loans National
Check out the entire field and how they qualified for the 2018 Quicken Loans National. HOW THEY QUALIFIED. Winner - Quicken Loans National. Bill Haas Billy Hurley III Troy Merritt Kyle Stanley Winner - THE PLAYERS Championship. Rickie Fowler Si Woo ...

South China Morning Post

Are Trump's Asian bankers about to call in their loans?
South China Morning Post
As Donald Trump throws grenades at the global trading system, investors are caught in the crossfire of tit-for-tat retaliatory steps. China is hitting back. So are Canada, the European Union and even India. But recent moves by Russia may be most ...

and more »

The Detroit News

Businesses win $1.2M in Quicken Loans Detroit Demo Day
The Detroit News
Diverse Metro Detroit businesses snagged some $1.2 million on Friday to further their ventures. Whittled down from 500 applicants, 15 finalists in the second annual Quicken Loans Detroit Demo Day contest showed off their pitches for the funding. The ...

The First Look: 2018 Quicken Loans National
Stanley takes his shot at becoming the first back-to-back winner in the National's 12-year history. Anthony Kim came closest, following his 2008 victory by finishing third in '09. … Will this be the National's final edition? Quicken Loans takes its ...

People are getting loans to pay for their vacations
Denise Phillips, a military veteran and mom who has three sons in the service, wanted to book a trip to Hawaii to spend Thanksgiving with one of her children. But she didn't want to pay for the trip all at once. So she started searching online for ...


I Couldn't Afford To Pay My Student Loans. Then I Received A ...
Mark Wragg via Getty Images Why is it, in a day and age when more and more brown and black people are accessing higher education, that a bachelor's degree ...

and more »


People are getting loans for their vacations and how much of your salary you may really need to save
Happy Wednesday, MarketWatchers! Here are the top personal finance stories of the day. Personal Finance. I earned $5 million in my lifetime—now my long-lost son keeps hitting me up for money. This man says he tried to find the son he fathered in his ...

1380 KCIM

There Are More Options Than Just Variable Rate Loans For Students Heading Off To College
1380 KCIM
Turning to variable-rate private student loans is a risky move, and one that a majority of families are taking. “Given the current financial environment, with rising interest rates, families who choose a variable-rate loan to pay for college take a ...
John Ninfo: Time to look at college costs, student loan

all 2 news articles »

Google News

home | site map