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OpenStudy (anonymous):
FOR A MEDAL How does a secured loan differ from an unsecured loan? A secured loan does not require a deposit, while an unsecured loan requires a deposit. A secured loan has no balance limit but must be repaid in full within a certain time. A secured loan requires a deposit, while an unsecured loan does not require a deposit. An unsecured loan has no balance limit and no specific time by which it must be repaid.
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OpenStudy (anonymous):
Any ideas?
OpenStudy (anonymous):
A secured loan requires a deposit, while an unsecured loan does not require a deposit. Normally with a secured loan if you don't have a deposit to use, you'd simply put up your car, house, valuable items etc. The 3rd ones seem the most appropriate.
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