A loan not backed by collateral, i.e. a house or car, with the loan issued to the borrower based on the borrower’s creditworthiness.
The borrower had a high credit score, so no collateral was necessary for loan approval.
A loan not backed by collateral, i.e. a house or car, with the loan issued to the borrower based on the borrower’s creditworthiness.
The borrower had a high credit score, so no collateral was necessary for loan approval.