Unsecured Loans

Any loan or credit obtained from a credit provider without the need to provide surety via a charge over a tangible asset or an (un)supported guarantee is an unsecured loan.

 

These are typically payday advances, personal loans, interest-free loans mostly obtained via a department store and all forms of credit cards, and store cards.

 

Very few Credit Advisors consider offering this as a service as a sole facility.

Glenn N Gough, DipFMBM, MFAA (CA), MIPA, C.dec, is a credit representative 390993 of BLSSA Pty Ltd, ACN 117 651 760 (Australian Licence 391237)

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