Secured vs. Unsecured Loans in One Minute: Definitions, Explanations and Comparison
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- เผยแพร่เมื่อ 11 ก.ย. 2024
- By understanding what secured loans are, what unsecured loans are and what similarities as well as differences exist between secured and unsecured loans, you're basically taking the first steps toward financial responsibility.
In one minute, I've managed to explain what secured and unsecured loans are all about, from definitions to explanation. This easy-to-understand comparison between secured and unsecured loans will make it clear that fundamentally speaking, banking isn't that hard to understand.
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I like your small informative videos. 👍🏻👍🏻👍🏻
Always love coming across positive feedback, thank you!!!
When its a secured loan, that asset can not be used, for example if you had a joint account can you borrow against that amount and can that amount be used as long as you make payments on time?
BX STAND UP!!!
If you liked this video, I think you'll love my personal finance book (Wealth Management 2.0) that has been written specifically for today's ultra-complex investment landscape and is available over at:
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thank you for sharing
Happy you found it useful :)
Could you please provide examples
my boys voice cracked @ 1:31 lmao
I'm only human :)
Starting a business is an unsecured loan
One Minute Economics needs your help! Please give me a minute (heh) of your time by watching the following video if you find the channel useful, literally anyone can help (either financially or by spreading the word about my work): th-cam.com/video/io04ckq1X1M/w-d-xo.html
Statistically, mortgage consumers comprise 90% of total household debt, within UK GDP. The remaining 10% is all "non-secured" loans such as credit cards, payday, credit unions etc. And we're still being told mortgage debt is "secure" - really? Why do I as a taxpayer have to service the debt of homeowner mortgage consumers, as a percentage of *public* debt within GDP, when I don't even own a property and pay rent? What is the "logic" which justifies this kind of nonsense?
Would strongly recommend checking out my playlist about understanding money and banking when you get a chance to, therein lie the answers you seek. But it contains 59 videos, so a bit of an investment of time will be required. In a nutshell, the proverbial perpetuation of the debt-fueled dream is necessary for the survival of a system such as ours, where debt is money. From that reality, decisions stem that seem and in some cases are head-scratchers. But from the perspective of the goal of ensuring the perpetuation of the monetary status quo, they are not.
please speak slow no one is chasing you
Will do my best, always trying to find the right balance between speed and respecting people's time. I think (hope!) I've found the sweet spot with my most recent videos.
I think his speed is perfect for most audience.
But definitely some non-native speakers may find difficulty in comprehension, which is normal. In that case you can make use of "play speed" feature in TH-cam app. It works like a charm.
I generally use it to speed up videos to save time and accomodate maximum videos in a short time.