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The term "unsecured" means that there is no underlying collateral attached to the loan. For example, if you borrow a mortgage for your house, your mortgage is a "secured" loan in which your home is ..
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For example, paying down a mortgage results in equity in a home as well as potential tax advantages, while student loans are generally a low-interest investment in your future compensation. Credit.
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Increasing your score by about 100 points could even save you thousands of dollars on a home. is "bad." Nationally, the average score is now 704. Scores are tired directly to the financial.
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