Credit card terms and glossary - Unsecured credit


	CreditCardGuide > Glossary > Unsecured credit Credit Card Glossary Puzzled by credit card jargon? Browse the CreditCardGuide.com glossary for the definitions of common and confusing credit card terms. All 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Unsecured credit A loan or other type of credit that a lender extends without requiring any collateral to back it up. Unlike with mortgages or auto loans, there is no collateral for the lender to seize for nonpayment. Most credit cards (with the exception of secured cards) are an example of unsecured credit.

Unsecured credit