An unsecured loan is granted, it does not necessarily have to be based on a credit score. For example, if your friend lends you money without any collateral, meaning something of worth that can be repossessed if the loan isn't repaid, then your credit score because they are not your friend and it is strictly a business transaction, therefore your good name may be associated with your historical payment history on prior debt, reflecting in your credit score. There are three types of unsecured loans. First there is a personal unsecured loan, meaning a loan that is not backed by collateral. Also known as a signature loan or personal loan. Unsecured loans are based solely upon the borrower's credit rating. As a result, they are often much more difficult to get than a secured loan, which also factors in the borrower's income. An unsecured loan is a loan that is not backed by any object of value and is lent to you based on your good name. For financial institutional purposes, they may want to look at your

Colleges judged by loan repayment

Students can spend thousands of dollars on college after doing less comparison shopping than they would choosing a cell phone.

Gulf NRIs core focus

Gulf NRIs core focus

Attractive loans

There are NRIs who want to come back and start their own enterprise in India as the country offers high returns. To support them, Nair said, the bank offers loans for setting up such ventures at very attractive rates of interest.

The Hindu Business Line : Education loan defaults rising

Education loans, a segment with lowest defaults among all other retail loans so far, have seen a sudden spurt in NPAs (non-performing assets) due to the shrinking job markets following the global economic meltdown.

WEB EXTRAS

EDUCATION: Education loan defaults rising Education loans, a segment with lowest defaults among all other retail loans so far, have seen a sudden spurt in NPAs (non-performing assets) due to the shrinking job markets following the global ...

MONEY & BANKING

NON-PERFORMING ASSETS: Education loan defaults rising Education loans, a segment with lowest defaults among all other retail loans so far, have seen a sudden spurt in NPAs (non-performing assets) due to the shrinking job markets following the global ...

The First Marblehead Corp. Reports Operating Results (10-K)

By 10qk. The First Marblehead Corp. ( FMD ) filed Annual Report for the period ended 2010-06-30. Read more » »