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Unsecured Personal Loans


Unsecured personal loans differ from secured personal loans insofar as collateral is not necessary to obtain the loan - only good credit. If you have sufficient credit (usually a FICO score of 620 or higher) you should not have much trouble obtaining unsecured personal loans. If your credit is a bit lacking it is also sometimes possible to obtain unsecured personal loans but you should expect that the interest rates will be a bit higher to offset your lower credit.


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