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

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 » »

The Seven Deadly (Debt) Sins

Consumers have worked hard to pare debts but as the economy turns weaker, much remains to be done.

Thursday, 2 September, 2010 |

Students availing themselves of educational loans will be exempted from payment of interest while pursuing studies, Union Home Minister P Chidambaram said today.

Sallie Mae Encourages Parents to Make a Commitment to Save for College During September’s National College Savings Month

RESTON, Va--(BUSINESS WIRE)--As children head back to school, Sallie Mae urges parents to use these tips and tools to get back to saving for their child’s college education during September’s National College Savings Month