We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
🔔 Today's the final day to apply to become an MSE Forum Ambassador
Difference between secured and unsecured loan
Comments
-
A secured loan is one that is 'secured' against something - e.g. your house or car. If you do not pay back this loan the lender may seize the item and sell it to get their money back. This is a *very* basic explanation - things are usually slightly more complicated if it is secured against your house.
An unsecured loan basically isn't one of the above. If you do not pay it back the lender can take you to court for a CCJ, but it's harder for them to force you to sell anything.Still wish I could buy a TARDIS instead of a house!0 -
Hi Frugglewump,
not sure if this is the right place to ask you this but how do you get £8104 at 0% interest?
Thanks:hello: Laugh and smile everyday, it keeps you healthy ! :wave:Thanks for everybodies help on here, what a great community !0 -
Replied via PM, so as not to hijack the thread.Still wish I could buy a TARDIS instead of a house!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 348.8K Banking & Borrowing
- 252.3K Reduce Debt & Boost Income
- 452.6K Spending & Discounts
- 241.6K Work, Benefits & Business
- 618.2K Mortgages, Homes & Bills
- 176K Life & Family
- 254.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards