Anybody has an idea about unsecured loan? [I Need A Loan]

This article seem pretty good

https://www.cnbc.com/select/secured-loans-vs-unsecured-loans/

Basically they both have risks if you don't pay on time, it depends on which risk you prefer.

Do you prefer the risk of higher interest rates (unsecured)? Or risk of losing your stuff (secured)?

I'd say ask about both and see what they offer, sounds like currently unsecured are growing in popularity.


But try not to barrow more than you pay back, because that's just leading to problems. I had an ex, who kept borrowing more and more, and got in some trouble spots :(

Secured gets you a better rate, but you risk losing your security