Lines up to $ 50k are all underwritten
like signature loans from my understanding.
Like a Signature Loan, it requires no collateral and the terms are based by your credit history and rating.
Not exact matches
Unsecured Personal
loans on the other hand are the exact opposite of secured personal
loans and include things
like, education
loans, wedding
loans, credit card purchases and personal
signature loans.
Example is medical bills, cell phone bill, closed end
signature loan or some secured
loans like auto.
Most student
loans are very clear and explicit on the
signature pages — they usually say something
like «IF YOU ARE CO-SIGNING THIS LOAN YOU ARE ALSO OBLIGATED TO REPAY THE ENTIRE AMOUNT.»
I have a question I have a parent plus student
loan that I never applied for, the
loan paper they mailed to me has what looks
like my
signature.