Techno FAQ

Finance Money

How Does an Unsecured Personal Loan Work?

When a loan does not demand you attach a valuable asset as security, the lender’s risk increases. As a result, the interest rate on an unsecured personal loan can be slightly higher. In the absence of collateral, the lender has no way of recovering the outstanding debt if you default on making repayments. If you […]

  • sunit
  • 22 October, 2021
  • 0 Comments
  • 13 Views
Miscellaneous

The Dummies Guide to Unsecured Credit

Today’s financial business etiquettes dictate that for every transaction that’s made, there must a collateral of equal value that should be handed down to each of the two parties involved in the transaction. And this is generally the way that everyone does business. So imagining a situation where the transaction is made for no collateral […]