Sentences with phrase «unsecured by collateral»

The loans that Goldman plans to provide will reportedly be unsecured by collateral, which is attractive for borrowers but can also be expensive.

Not exact matches

He had only just learned something was awry when, as an investor in three of Concrete's buildings, he had received proxy forms asking him to sign over his stakes to a company called Strategic Group in return for unsecured debentures, a kind of IOU not backed by real collateral, promising to pay him 6 % a year.

Unsecured loans are not secured by collateral like your home, or vehicles etc. interest rates or these are usually higher because of the unreliability and thus lenders are reluctant when giving these loans.

Unsecured loans are only ahead of collateral - backed loans by few percentage points, ranging in low 20 % APRs, and higher.

Unsecured personal loans carry no collateral which means they are not guaranteed by any tangible asset.

Unsecured loans are not secured by collateral, and lenders have a more difficult time recouping their losses for these loans if a borrower defaults.

Some of the highest origination fees belong to unsecured personal loans, which aren't backed by collateral and carry more risk for lenders.

That is, a loan that has collateral behind it as a means to protect against default, such as a home equity loan, versus an unsecured loan that offers lenders little by way of guarantee.

An unsecured card is acquired by virtue of your creditworthiness, your credit score and other factors; the card issuer extends credit with no collateral on your part.

An unsecured loan is one that is not backed by collateral.

Unsecured Loan A loan not backed by collateral, representing a greater risk to the lender.

Unlike mortgages, unsecured personal loans are not backed by collateral such as your home.

Lines of credit secured by home equity, by contrast, were hovering around 4 percent, while unsecured lines of credit — those without collateral — were somewhere in the middle.

An unsecured loan is not backed up by any type of collateral but rather based on the credit score or decided trustworthiness of the borrower.

Unsecured means that the property is not backed by collateral; the lender can not repossess it.

An unsecured personal loan is an installment loan that is not backed by collateral such as a house or car.

An unsecured debt is one that is not backed by collateral, and includes credit cards, medical bills and student loans.

and subject to debt limitations — which, as of April 2016, were no more than $ 394,725 in unsecured debt (debt not backed by collateral, such as credit card debt) and $ 1,184,200 in secured debt (like mortgages and car loans).

Chapter 13 also is only available to debtors with regular income and subject to debt limitations — which, as of April 2016, were no more than $ 394,725 in unsecured debt (debt not backed by collateral, such as credit card debt) and $ 1,184,200 in secured debt (like mortgages and car loans).

As a general rule, unsecured debt is wiped out by filing bankruptcy, whereas previous obligations to pay secured debts will remain if you retain the property that serves as collateral for the loan.

Personal loans are unsecured debt that are not backed by any collateral, such as a car or house.

By definition, an unsecured loan with bad credit is not granted with any kind of collateral — if it were, it would be a secured loan.

Chapter 7 Bankruptcy will discharge personal, unsecured loans if they are for credit extensions which were based on the creditor's evaluation of the debtor's ability to pay and there is no collateral which can be seized by the creditor if the debtor defaults on the loan due to their inability to pay.

Unsecured credit cards get their name from the fact that the debt is unsecured, i.e, not backed by coUnsecured credit cards get their name from the fact that the debt is unsecured, i.e, not backed by counsecured, i.e, not backed by collateral.

Much emphasis is paid by each bank to the customer's profile as Personal Loans are completely unsecured loans — without any collateral.

* Unsecured Personal loans are not backed by collateral, thus may carry a slightly higher interest rate than a loan secured with collateral and require an acceptable credit score.

Unsecured loans are not backed by collateral.

Unlike loans for a car or house, personal loans are unsecured and not backed by collateral, so lenders place a lot of emphasis on credit scores for determining who they approve and the interest rate a borrower may receive.

Secured loans are the ones where you need to provide a collateral or show some assets to get a loan, whereas unsecured loans are loans provided by most of the banks and financial institutions without any surety or security.

Student loan debt can be viewed as a type of unsecured debt (there is no physical collateral involved), although it is technically «secured» by the government in the sense that the government ensures lenders that the loan will be paid.

If a debt is not secured by collateral then a creditor has an unsecured claim.

Secured loans are backed by a collateral security such as your home; where the unsecured loans are not backed by a collateral security.

The rate of interest charged on the unsecured loans is higher than that on the secured loans because unsecured loans are not backed by any collateral security.

Personal loans are unsecured, meaning they are a higher risk than loans secured by collateral.

If it is an unsecured loan (in other words the bank gave you a line of credit and did not ask for any type of collateral), then these loans would be eliminated by bankruptcy or a consumer proposal with no waiting period.

The unsecured personal loan is not backed up or secured by any collateral, and is thus harder to get.

Loans with sensitive collateral, taxes and student loans are generally medium importance followed by credit card and unsecured debt.

Personal loans are unsecured, meaning that they aren't backed by collateral.

Most personal loans are unsecured, meaning that they're not backed by collateral and are bigger risks for lenders.

Unsecured debt does not require any collateral from the borrower and repayment is typically protected by potential damage to credit rating and collection agencies.

Unsecured Debts are things that aren't guaranteed by collateral, or in other words, personal assets, such as your home.

Credit card debt (along with other forms of debt not secured by collateral) is unsecured debt and can be discharged through bankruptcy.

Filing for a Minnesota bankruptcy allows you to eliminate your unsecured debt (the debt that is not backed by collateral) through discharge.

An unsecured loan is not backed up by any type of collateral rather the loan is given based on the credit score or the trustworthiness of the borrower.

Unsecured debt — debt that is not backed by collateral, like hospital bills and credit card balances — makes up a significant portion of most individuals overall debt.

All of your unsecured debt — that is, debt that is not secured by collateral — can be eliminated at once.

A Chapter 13 bankruptcy is a government - sponsored debt consolidation plan: this means that all of your unsecured debts (credit cards, medical bills, retail accounts, and other debts that are not secured by collateral) are combined into one debt amount.

Debentures — An unsecured bond not backed by collateral.

Credit cards are not backed by any type of collateral and are often referred to as unsecured loans.

Fast loans like personal loans are typically unsecured, meaning they are not backed by putting something like your house up as collateral.