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You can take out a personal loan to meet emergency expenses, open a small business, consolidatedebt , and more. When talking about the concept of online personal loans, it’s important to touch on the differences between secured and unsecured loans: Secured loans are those where collateral is put up to secure the loan.
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The former uses collateral, commonly in the form of your vehicle title, to secure repayment of the loan. The far more appealing choice, the unsecured personal loan, does not require any collateral. ConsolidatingDebt. Personal loans can help with debtconsolidation.
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