Why to choose secured loans while there are unsecured loans available?

5 Answers

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  • Anonymous
    4 weeks ago

    one is more secure than another.

  • 4 weeks ago

    1- The interest rate is a lot lower

    2- It's less likely someone would give you one.

  • 4 weeks ago

    Kid, this is R&S...

    Fantasy Finance Section >> that way.

    ~

  • Anonymous
    4 weeks ago

    You pay a higher rate for unsecured loans to cover all the defaulters.

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  • Huh?
    Lv 7
    4 weeks ago

    This is a religous section, not finance. You might be too stupid to understand the concept. 

    A secure loan is typically less risk to the lender so cheaper for the borrower. 

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