What is the difference between "secured" and "unsecured" credit?

“The terms come up all the time: "secured" and "unsecured" credit. But what are the differences?”

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Anytime

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Online

Cost

Free

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Description

The terms come up all the time: “secured” and “unsecured” credit. But what are the differences? We’ll give examples of the two credit types, explain what they mean, and highlight some of the key pros and cons of each.

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