Unsecured Debt
Unsecured debt refers to any form of debt that is not protected by a guarantor
Unsecured debt refers to debt that is not protected by a guarantor. This means that no form of asset such as a car or most commonly a house is being offered as collateral should the borrower fail to make payment.
Unsecured Debt is not protected by a guarantor.
Unsecured debt refers to debt that is not protected by a guarantor. This means that no form of asset such as a car or most commonly a house is being offered as collateral should the borrower fail to make payment.Practical Application Example
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My client is looking for funding without any form of collateral. It needs to be an unsecured debt. ”
Choice Loans is a broker, not a lender. We will connect you with a lender suitable for your needs or, if appropriate, a specialist broker. We do not charge you an upfront fee but, if your application is successful, a broker commission may be charged.
