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  2. 8 types of personal loans and their uses — plus 4 to avoid

    www.aol.com/finance/types-personal-loans-uses...

    An unsecured personal loan doesn’t require collateral to get approved. Whether you qualify is based solely on your credit score, income and in some cases your employment and education history.

  3. Common personal loan myths — and the actual facts you ... - AOL

    www.aol.com/finance/common-personal-loan-myths...

    In fact, many personal loans are unsecured. This means that lenders base approval on your credit score — not an asset. Secured loans, such as car loans or mortgages, are backed by collateral.

  4. The pros and cons of personal loans - AOL

    www.aol.com/finance/pros-cons-personal-loans...

    Unsecured personal loans don’t require collateral for you to get approved. If you cannot repay an unsecured loan based on the agreed-upon terms with your lender, you’ll face significant ...

  5. What is an unsecured loan? - AOL

    www.aol.com/finance/unsecured-loan-204331407.html

    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 ...

  6. Unsecured debt - Wikipedia

    en.wikipedia.org/wiki/Unsecured_debt

    In finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the terms for repayment. [1] Unsecured debts are sometimes called signature debt or personal loans. [2]

  7. Average credit score for personal loans - AOL

    www.aol.com/finance/average-credit-score...

    A personal loan is an unsecured sum of money that you borrow from a bank, credit union or online lender. Once you receive the loan funds , you begin making monthly payments on the loan, plus ...

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