Text Callout : Key Takeaways - Secured vs. Unsecured Personal Loans: What's the Difference and Which Should You Pick? If you're thinking about borrowing money, knowing the differences between ...

Secured debt uses an asset as collateral to secure the loan, while unsecured debt doesn’t require any collateral. If a borrower fails to repay the loan as agreed, the lender can seize the ...

🤓Nerdy Tip Comparing secured and unsecured loans is mostly about weighing the difference in affordability against the risk of losing your collateral. One way to determine whether it’s worth ...

If you're trying to dig yourself out of debt or you're about to take a loan, you'll want to know the difference between secured and unsecured debts to create a well-laid-out repayment plan.