 TITLE: What Is Collateral? CONTENT: Can I Get a Loan Without Collateral?\n------------------------------------\nYou can take out unsecured loans, such as a student loan or personal loan, without collateral. Unsecured credit cards don't require a deposit as collateral like secured cards do. Since there's no asset to seize, unsecured debt generally carries higher interest rates, and it may also be harder to get. You'll likely need strong credit or a cosigner to qualify.\nIf you don't repay an unsecured loan or pay off credit card debt as required, your credit score will suffer. Your loan may go to collections, and you could be sued for the unpaid debt. While there's no collateral to protect the lender, the benefits of good credit should be enticing enough to encourage you to stay on top of payments. END