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wobly123
- Posts: 15
- Joined: Tue Jul 03, 2007 10:18 pm
- Location:
can someone tell me the differece between an unsecured loan and a secured loan.
also if you have an unsecured loan does this mean if you fail to pay it the loan company cant take your house away
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plasticdaft
Forum Expert
- Posts: 9562
- Joined: Wed May 21, 2008 12:45 pm
- Location: United Kingdom
An unsecured loan is just that,it is not tied to your house in any way. As long as your mortgage payments are made,your home is safe.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
