Unsecured loan - Advantages and Disadvantages: Are they worth the risk?

Applying for an unsecured loan is tough when you have poor credit
Applying for an unsecured loan is tough when you have poor credit (source: nchinc.com)

What are unsecured loans?

Advantages of unsecured loans

Modern unsecured loans often let you get money quickly without lots of paperwork (source: pixabay.com)

Disadvantages of unsecured loans

Taking out an unsecured loan can lead to debt that spirals out of control
Taking out an unsecured loan can lead to debt that spirals out of control (source: savings.com)

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Peer-to-peer lending built on peer-to-peer technology. Refer & Earn $10 myconstant.com/referral | Website myconstant.com

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