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19 September, 14:55

Are credit cards considered secured loans or unsecured loans

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  1. 19 September, 14:58
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    Unsecured loan

    Explanation:

    An unsecured loan is a loan that is issued and supported only by the borrower's creditworthiness, rather than by any type of collateral. Unsecured loans-sometimes referred to as signature loans or personal loans-are approved without the use of property or other assets as collateral.
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