Secured Loan Investopedia As

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What is an Unsecured Personal Loan? -
It is based solely on the trust that the borrower will pay back the money under the terms of the loan. Unsecured vs. Secured Personal Loans. According to Investopedia: “A loan that is issued and supported only by the borrower’s creditworthiness, rather than by a type of collateral.
Secured loan financial definition of Secured loan
A secured loan is a loan that's guaranteed with collateral, such as a home or car. If you default and fail to make payments on time, the lender can take possession of your collateral and sell it to recover the loan amount.
Bank Loans Investopedia -
They don’t get the public outcry that payday loans receive (see Beware Of Payday Loans), but in the eyes of most consumer protection agencies, they’re just as dangerous.

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