A secured loan means you have to put up collateral to get the loan. Something worth more than the loan, such as, a free and clear auto, house, land, almost anything that has a value. You get the loan, and bank files a lien on your property until the loan is paid.
A unsecured loan is , your signature only.
No collateral, of course a signature loan
is the best. Your interest would be higher but not much.
All lot depends on your FICO score ( The FICO score is calculated statistically, with information from a consumer's credit files. The FICO score is primarily used in credit decisions made by banks and other providers of secured and unsecured credit. It provides a snapshot of risk that banks and other institutions use to help make lending decisions) and
When your able to pay it back
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