Bank of The united states: what is the essential difference between “secured” and “unsecured” credit?

The terms show up on a regular basis: “guaranteed” and “unsecured” credit. Exactly what would be the differences? We will provide samples of the 2 credit kinds, describe whatever they suggest and highlight a number of the key advantages and disadvantages of every. For more information, and see more video clips, visit http://go.bofa.com/pxzb.
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