for secured loans, owing to insufficient equity in their homes.
All said and done, providing a loan minus security is risky for any lender. If the borrower defaults on the payment, there is no real way to recover the money. and with bad consequences They could land a loan deal that is high-cost.. Borrower must be a citizen of US.
• He/She must have attained an age of 18 years.
• He/She must hold an active and valid bank account in any US bank.
• He/She must be involved in any job and this job must guarantee him at least $1000 a month.
• He/She must have a valid SSN.These minimal requirements are like thisIf you need an amount in the range of $100-$1500 then you must apply for unsecured loan. Generally, to compensate for this, lenders may charge a relatively elevated interest rate.