An unsecured loan is financing that is not backed with collateral. Credit cards and personal loans are common examples of unsecured loans. Because the lender does not require the borrower to put up property as collateral... More »

An unsecured installment loan is financing not secured by a borrower's property that the borrower repays in monthly installments. Often referred to as personal loans, borrowers use installment loans for an array of purpo... More »

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If a credit user defaults on an unsecured loans, he opens himself up to collectors who have a financial stake in collecting the debt according to Debt.org. Collection agencies are skilled at pressuring people to repay th... More »

In California, when a borrower finishes paying off a home loan, the trustee files the deed of reconveyance to record full repayment of the loan, clearing the title to the property, which was held as collateral, and turni... More »

A title loan is a loan where collateral in the form of assets is required as a guarantee. As of 2014, a title loan request in the United States does not consider the credit rating of an applicant. Title loans are typical... More »

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As of 2016, obtaining a collateral loan for a vehicle is done by applying for a direct loan, going through the auto dealership for financing or going through a bank or credit union for a title loan, according to Zacks. T... More »

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To qualify for a loan at First Convenience Bank, applicants must be current customers or reside within the bank’s geographic area and pass a credit check, explains First Community Bancshares, Inc. Secured loans require b... More »