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 collateral.

Understanding the difference between secured vs. unsecured debt can help you understand your borrowing options and even help put you on the path to healthier finances. Whether it’s a college loan, an ...

You’ve got options for pizza. Options for cell phone service. Options for shoes. And yes, options for loans. The thing is, the loan you choose will affect your life far more than whether you go for ...

Unsecured business loans provide capital without the need for collateral, but they might come with high costs compared to ...