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.