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Unsecured loans are available as revolving debt — a credit card — or an installment loan, like a personal or student loan. Installment loans require you to pay back the total balance in fixed ...
Unsecured debts are sometimes called signature debt or personal loans. [2] These differ from secured debt such as a mortgage , which is backed by a piece of real estate. In the event of the bankruptcy of the borrower, the unsecured creditors have a general claim on the assets of the borrower after the specific pledged assets have been assigned ...
Personal lines of credit are an unsecured revolving credit line, similar to a credit card. ... A home equity loan uses the equity in your property as collateral. Secured loans tend to have lower ...
An unsecured home improvement loan is a type of personal loan that has no asset attached to it to secure the debt. Unlike home equity loans or home equity lines of credit (HELOCs), the lender can ...
Figure 1. This BLM map depicts the principal meridians and baselines used for surveying states (colored) in the PLSS. The following are the principal and guide meridians and base lines of the United States, with the year established and a brief summary of what areas' land surveys are based on each.
A signature line of credit is a revolving line of credit that is not backed by collateral; i.e., the sole criterion for the decision to grant the loan and establish the terms thereof is an assessment of the customer's credit rating. Also known as an unsecured line of credit.
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