Sentences with phrase «rather than unsecured loans»

Not exact matches

Rather than relying on personal assets such as a car, boat or home to secure the loan, unsecured lenders look exclusively at a borrower's credit worthiness to determine eligibility, making those with high credit scores and a long, solid credit history the best candidates for an unsecured business line of credit.

Personal loans are generally unsecured, meaning they use your credit as a gauge rather than an asset like your house or car.

Folks with poor credit histories may want to seek out smaller loans from a pay day or cash advance lenders rather than a long term unsecured loan.

With these interest rates, think about getting a small unsecured low interest personal loan rather than plopping down your credit card.

Consolidation loans are geared toward unsecured debt (credit cards, medical bills, utility or rent payments) rather than secured debts (home or auto) that have collateral behind them.

A private personal loan is an unsecured loan that is issued by a private party rather than a bank, credit union or other formal financial institution.

With Consumer Proposal, rather than having multiple credit card and (unsecured) loan payments to make every month, the family will typically make one monthly payment towards the completion of the Proposal.

The opposite of secured debt / loan is unsecured debt, which is not connected to any specific piece of property and instead the creditor may only satisfy the debt against the borrower rather than the borrower's collateral and the borrower.

The MDCL operates on the same premise as a regular debt consolidation loan: take out one loan to pay off all unsecured debts, such as credit cards, medical bills, payday loans, etc. and make a single payment to one lender rather than multiple loan repayments to multiple creditors.

Banks generally prefer secured — rather than unsecured — business loans.