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Loan Investment Services unsecured lender 's options for recourse against the borrower

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by Morris Billy
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Description

Interest rates on unsecured loans are nearly always higher than for secured loans because an unsecured lender 's options for recourse against the borrower in the event of default are severely limited, subjecting the lender to higher risk compared to that encountered for a secured loan. An unsecured lender must sue the borrower, obtain a money judgment for breach of contract, and then pursue execution of the judgment against the borrower 's unencumbered assets 

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Morris Billy (Registered since April-2020)
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Location address map : Bannekuppe, Bangalore, Karnataka, India (Deals In : Bangalore, Karnataka)
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