Home | Contact Us | Help | About moneybasics
 |
Unsecured borrowing is when no security is taken by the lender. The bank or finance company offers you a loan if they are confident you will be able to repay it.
|
For example: a loan for a holiday. Your bank may be prepared to give you a loan for a holiday because it is confident that you have a good credit record and normally have surplus income to fund repayments.
Examples of unsecured borrowing:
- Personal loans
- Overdrafts
- Credit cards
- Student loans
- Store cards
Further information
For impartial advice consult an independent financial advisor or telephone CCCS on 0800 138 1111.
For impartial advice consult an independent financial advisor or telephone CCCS on 0800 138 1111.
Related Links
In debt and need help?
Call a CCCS counsellor on 0800 138 1111.
