The Rosemary West Team
RE/MAX Professionals Select
2272 95th Street, Naperville, IL60564
Rosemary WestO: 815-729-1814C: 630-807-9700
Roger WestO: 815-729-1814C: 815-693-3633

Today's News and Features

Q: What Is an Unsecured Loan?

Saturday, December 05, 2015

A: The interest rates on these loans are often higher than on secured loans and you generally will not be able to get a tax deduction for the interest paid.  However, the costs to obtain an unsecured loan are usually lower. And the relative ease of getting this type of loan makes it popular for small projects costing $10,000 or less. The lender evaluates applications based on credit history and income.

RISMedia welcomes your questions and comments. Send your e-mail to: