Is payday loan secured or unsecured: What do the experts say?
In the world of borrowing money, there are two main types: secured and unsecured. Secured loans, such as a payday loan, require collateral to be put up in order to receive the money.
Unsecured loans, such as a personal loan from a bank, don’t require any form of collateral. Payday loans are considered to be an unsecured loan because borrowers don’t have to put up anything as collateral. Read more here
https://fastcash-bc.com/payday-loan-secured-or-unsecured/