Unsecured Loan
A loan where no collateral or security is given or charged to the lender. Unsecured lending is viewed as higher risk than secured lending and interest rates are generally higher to reflect this.

Unsecured Credit Cards
In essence, most credit cards are unsecured credit cards. Every time you make a purchase using your credit card, the size of your unsecured loan increases. However, while this is true, it is also the case that the phrase unsecured credit cards is used in the credit card business to describe a specific type of credit card, which is aimed at a specific type of customer - those with a bad credit history. Anyone looking to apply for a credit card is likely to have their credit background checked by the credit card issuer. Certainly if you are applying for unsecured credit cards your credit history will be looked at very carefully. While you may not be eligible for an ordinary credit card, these unsecured credit cards may be the only way for you to get a credit card. You will find, however, that these unsecured cards will almost certainly offer you a very low credit limit and charge a very high rate of interest on any outstanding balance. Despite the costs and the limitations unsecured credit cards impose, you may find them a useful way of rebuilding a poor credit track record provided that you keep up with the repayments.

Used Car Loan
Secured and unsecured used car loans are on offer from a variety of lenders. These used car loans are specifically offered by lenders to provide car buyers with a competitive finance arrangement through which to purchase a used car. If you take a secured used car loan, you will be required to pledge your car to the lender - so if repayments are not met it can take the car. As these are less risky to the lender the interest rates are usually lower than with an unsecured used care loan. A used car loan can be taken over a period you specify - for example, five years - at usually up to £20,000 on an unsecured basis, with higher amounts available if security is supplied.