Aunderstanding of Unsecured loans - Unsecured loans or also known as unsecured loans, is a loan in the absence of an asset as collateral for the loan. Because there was no guarantee that the loan guarantee provision of credit, the decision was based solely on the credit history of loan applicants in person, or in other words the sense that the ability to carry out the obligation to repay the loan is a substitute for collateral.
In particular, an individual or company must have a satisfactory credit score (at least has a value of 650) with an income sufficient to overcome the burden that loan would do. These unsecured loans usually range from a few thousand USD to a maximum of $ 100,000.
