Warning: include() [function.include]: URL file-access is disabled in the server configuration in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include(http://www.hurryloan.com/rightbar.php) [function.include]: failed to open stream: no suitable wrapper could be found in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include() [function.include]: Failed opening 'http://www.hurryloan.com/rightbar.php' for inclusion (include_path='.:/usr/local/share/pear') in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78   Go Back To Search Results Question What is the difference between secured and unsecured personal loans? In my math project I have to explain the difference between these two types of loans when getting a car loan, and why I have to use an unsecured loan when the secured loan interest rates are lower. If someone could explain this to me, I would give them a best answer vote. By Qwer Qwer Posted on 01/07/10 Total Answers 2 Answers- A secured loan has collateral backing it - such as the car. In other words, if you defaulted on the loan the bank can repo the car. In an unsecured loan there is no collateral - the bank gives you a loan solely on your signature. I don't know that a bank would give you a car loan unsecured. Answer by : Jim L On Date 2010-01-07 16:36:54 Dear Sir, if you are in need of a fast loan support with less percentage interest then, the right to contact is WILLIAMS SIMTH LOAN SUPPORT. You will have your loan approved in less than 2days with the rigth documents of identification. contact them at williamsmith_loansupport@hotmail.com i bet you won't regret if you apply for a loan Answer by : WILLIAM SMITH On Date 2010-01-09 03:24:47   Go Back To Search Results