https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij en-us 2021-04-20 04:30:41 UTC 2021-04-21 17:24:52 UTC hello@padlet.com daijahdeforge4 https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436229225 Hello! I am the loan bot and I am here to tell you the difference between secured and unsecured loans.]]> 2021-04-20 04:33:20 UTC https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436229225 daijahextraemail https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436234290 Thank goodness! I've been so confused on the difference between secured and unsecured loans.]]> 2021-04-20 04:35:44 UTC https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436234290 daijahdeforge4 https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436237656 Secured loans require that you offer up something you own as collateral in case you can't pay back your loan. This means that the lender has permission to take that piece of property if you miss a payment or too many payments.]]> 2021-04-20 04:37:06 UTC https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436237656 daijahdeforge4 https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436238822 Unsecured loans allow you borrow the money outright after the lender considers your financials.]]> 2021-04-20 04:37:25 UTC https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436238822 daijahextraemail https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436239877 What are the pros of a secured loan?]]> 2021-04-20 04:37:44 UTC https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436239877 daijahdeforge4 https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436240835 A secured loan is normally easier to get, as there’s less risk to the lender. A secured loan will tend to also have lower interest rates. That means a secured loan, is usually a smarter money management decision. And a secured loan will tend to offer higher borrowing limits, enabling you to gain access to more money.]]> 2021-04-20 04:38:01 UTC https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436240835 daijahextraemail https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436241865 And the cons?]]> 2021-04-20 04:38:21 UTC https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436241865 daijahdeforge4 https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436246189 If you fail to make payments or repeated fail, then you can lose what you offered up. For example, if you fail to make your car payment, you may end up losing your vehicle.]]> 2021-04-20 04:39:49 UTC https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436246189 daijahextraemail https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436246649 What about the pros and cons for unsecured loans?]]> 2021-04-20 04:40:05 UTC https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436246649 daijahdeforge4 https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436249617 The major pro for unsecured loans are that don't have to offer anything up, so you won't lose any of your possessions if you fail to make a payment, and you can get money immediately.]]> 2021-04-20 04:41:26 UTC https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436249617 daijahdeforge4 https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436250499 But on the other hand, unsecured loans are harder to get, have higher interest, and But if you keep failing to make timely payments on an unsecured loan you can be driven deeply into debt, as the interest rates on an unsecured loan may be quite high.]]> 2021-04-20 04:41:45 UTC https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436250499 daijahextraemail https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436252439 That makes so much sense! Thank you for helping me so I can make an educated decision on what loan I should get!]]> 2021-04-20 04:42:27 UTC https://padlet.com/daijahdeforge4/hjn55tp7oz6u3oij/wish/1436252439