I like your general article but this is misleading if not incorrect. Almost anyone can get an unsecured loan (a credit card being the most common form of an unsecured loan).

When you take out a secured loan, you provide some form of collateral (such as your home or car) to act as security for the lender, protecting them from loss if you fail to repay the loan. An unsecured loan does not use any collateral.

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