Secured vs unsecured credit cards

One of the most easy to use and more important financial tools on the market are the credit cards. Credit cards address both people with good credit and bad credit, but different types are designed in order to fulfill different consumer needs.

What are non secured loans?

Non secured loans are often categorized as signature loans, due to lack of any other guarantee other than the signed agreement. In such context, the finance institution must take cautions to prevent loss of investment. This is done by carefully analyzing the loan application in order to determine how likely is he to repay the loan. This operation is done by calculating an application score with the help of a few financial indicators: