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2. 8 types of personal loans and their uses — plus 5 to avoid

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

   Like auto loans and mortgages, secured personal loans require collateral for approval. Rather than being backed by a car or house, a secured personal loan might rely on something like a ...

3. What is a personal loan? How it works — and what to know ...

   www.aol.com/finance/what-is-a-personal-loan...

   Sources. Finance Rate on Personal Loans at Commercial Banks, Federal Reserve Bank of St. Louis.Accessed July 22, 2024. Commercial Bank Interest Rate on Credit Card Plans, All Accounts, Federal ...

4. Should I get a personal loan? Here are the pros and cons - AOL

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

   With an unsecured loan, a lender can’t take your collateral if you fail to repay the loan. Lower interest rates Personal loans often come with lower interest rates than credit cards.

5. Peer-to-peer lending - Wikipedia

   en.wikipedia.org/wiki/Peer-to-peer_lending

   Also known as crowdlending, many peer-to-peer loans are unsecured personal loans, though some of the largest amounts are lent to businesses. Secured loans are sometimes offered by using luxury assets such as jewelry, watches, vintage cars, fine art, buildings, aircraft, and other business assets as collateral. They are made to an individual ...

6. Collateral (finance) - Wikipedia

   en.wikipedia.org/wiki/Collateral_(finance)

   In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan. [1] [2] The collateral serves as a lender's protection against a borrower's default and so can be used to offset the loan if the borrower fails to pay the principal and interest satisfactorily under the terms of the lending ...

7. Personal loans don’t have to be spooky - AOL

   www.aol.com/finance/personal-loans-don-t-spooky...

   Most personal loans are unsecured, meaning that they do not require collateral. However, secured loans are available by some lenders as a lower-cost loan option for those with bad credit.