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Secured and unsecured loan?

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What is a secured and unsecured loan and what is the difference?

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natosbourne said:   What is a secured and unsecured loan and what is the difference?
  What did the professor say?

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What is a secured website and an unsecured website and what is the difference?

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Generally, a secured loan is a loan that has for its security some form of collateral. The collateral could be money that is held aside, personal property, a vehicle, a house, or something else that the lender can take if you don't repay the loan.
An unsecured loan is a loan that has no collateral. It can become securitized if you are sued and they obtain a judgment lien on you, however. 

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