One of the biggest benefits of an unsecured loan is that it allows you to finance big purchases without risking your assets or property. On the other hand, unsecured loans aren’t backed by any collateral and are more of a risk for the lender. This is why lenders typically charge higher interest rates and require good or great credit to qualify for an unsecured loan. https://easzfin.com/holiday-shopping-season-forecasts-show-growing-k-shaped-divide/