> WANTED IN LONDON <

An unsecured loan is a loan that is not backed by collateral or assets.

An unsecured Loan is granted only on the borrower's promise to repay says hfc.

An unsecured loan is an advance of money that is not secured by collateral says canequity.

With an unsecured loan the lender has no entitlement to any of the borrower's assets in case whoever borrows fails to repay the loan.

Of course an unsecured loan will have a higher interest rate.

Basically this is very clear: you borrow money at high interest rates but, on the other hand, you don't risk your house or any other assets.

Sometimes when taking a loan, you think about consolidating existing debts...or just getting that bit of extra cash...

My personal suggestion, why don't you pretend to have a loan and put say £ 100 per month away in a saving account.....