Car finance glossary | U

Underwriting

Underwriting is the term used by finance providers when they are assessing a person's finance application to see if they should be approved for finance.
Underwriting Explained >

An unsecured loan is one that does not use any asset as collateral. These are only available to those with a very good credit rating due to the risk they hold with the lender.
Unsecured Loan Explained >

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