An unsecured loan is a loan that doesn't require collateral and instead is based on the credit history of the borrower. Unsecured loans are known to have higher rates of interest and as such are a more costly form of borrowing. Executors who are settling an estate with unsecured loans should consider resolving these higher interest rate loans earlier to reduce interest fees incurred by the estate.
What you need to know
What to say when a loved one dies
Losing someone you love is one of the most difficult and emotionally raw experiences life has to offer— which is why it's often difficult to find the right words to share with a loved one. Please use this comprehensive list as a trusted guide for sharing your deepest sympathies.
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