https://www.khanacademy.org/college-careers-more/financial-literacy/xa6995ea67a8e9fdd:loans-and-debt/xa6995ea67a8e9fdd:types-of-loans/v/secured-and-unsecured-credit 2024-09-03T16:09:01.308882375Z Secured and unsecured credit When you borrow money, it can either be secured or unsecured. Secured debt is like a pawn shop exchange--you give something valuable as a promise to repay, while unsecured is like a handshake deal--it's based on trust and your history of paying back loans. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/cc1c9ec5-9106-4de1-a63a-b9edb828511b_1280_720_base.png Secured and unsecured credit When you borrow money, it can either be secured or unsecured. Secured debt is like a pawn shop exchange--you give something valuable as a promise to repay, while unsecured is like a handshake deal--it's based on trust and your history of paying back loans. https://cdn.kastatic.org/ka-youtube-converted/FAF-rr7zlT0.mp4/FAF-rr7zlT0.mp4 248 Types of loans https://www.khanacademy.org/college-careers-more/financial-literacy/xa6995ea67a8e9fdd:loans-and-debt/xa6995ea67a8e9fdd:types-of-loans/a/secured-vs-unsecured-credit-what-is-the-difference 2025-03-06T19:16:03.781536085Z Secured vs unsecured credit: What is the difference? When you need to borrow money, you have two main choices: secured loans and unsecured loans. Understanding the differences between them is important so you can choose the right loan for your needs. article https://www.khanacademy.org/college-careers-more/financial-literacy/xa6995ea67a8e9fdd:loans-and-debt/xa6995ea67a8e9fdd:types-of-loans/e/secured-vs-unsecured-credit 2024-09-03T16:09:01.308882375Z Secured vs unsecured credit Practice understanding secured vs unsecured credit, their costs and conditions. Elvira Valdez exercise