Sentences with phrase «unsecured types of loans have»

Both secured and unsecured types of loans have their own up - and downsides.

Not exact matches

It is a type of unsecured loan, meaning there is no collateral that you have to put up.

For those who are a little confused between the two types of loans, an unsecured loan is issued on the basis that the borrower has a sufficient monthly income and a decent credit history.

Requirements include; — Total accumulative debt must be above $ 2,000 — Only unsecured debt is eligible for the program — Individual account balances must be above $ 200 per account — Debts ranging from credit card debt to student loan debt is all qualified for the program (nearly any type of unsecured debt qualifies)-- With debt settlement, Rhode Island consumers must have a hardship

The downside to looking for an unsecured loan is that the interest rates on these types of funds are extremely high - even if you have good credit.

As long as you have unsecured debt like credit cards, medical bills, student loans, personal or bank loans and just about any type of unsecured debt, there will most likely be a plan that you can get approved for to reduce your debt.

While the terms on an unsecured personal loan won't be as favorable as they would be for a secured loan or another type of loan such as a home loan, the credit union may still be competitive with those national financing companies who are still offering personal loans.

Student loans are the one type of unsecured debt where the creditor can garnish your wages without first having to take you to court.

Our lenders offer loan products that are unsecured, and not restricted to any specific type of purchase — so that $ 5000 you could have could be spent any way you want, on anything you want.

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.

A consumer has fewer options for dealing with their student loan debt compared with other types of unsecured consumer debt such as credit card debt.

Your credit mix refers to the types of credit that you have, and it is preferable to have a mix of secured loans such as auto loans and unsecured loans such as credit cards.

The following chart summarizes the options that a consumer has for dealing with various types of unsecured debt including student loans.

Unsecured Loan is any type of credit that does not have any form of collateral security attached to it.

Unsecured installment loans are available for all types of people having financial problems.