What Sets Secured Personal

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Posted on October 26, 2018 at 18:20 PM

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Secured vs. unsecured personal loans: What to know ...
In a Nutshell Personal loans can be secured or unsecured. A secured loan can have a lower interest rate, but you’ll need collateral, like a savings account, to back the loan.
Secured Loans and Lines of Credit – Wells Fargo
Secured loans might be a good choice if you have personal assets such as equity in your home or funds in a savings account that can be used as collateral. Plus, secured loans may have lower interest rates, larger loan amounts, or better terms than unsecured loans.
Secured Vs. Unsecured Personal Loans - Bankrate.com
Secured loans are backed by collateral and unsecured loans are not. Interest rates tend to be lower on secured personal loans. There are more restrictions on what an unsecured loan can be used for.

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