Another benefit of an unsecured loan is that it can be approved much faster than a secured loan. For example, you can take out an unsecured personal loan to pay for a wedding or to cover medical expenses. This type of debt can also be used to fund travel expenses or to buy a new home or vehicle. https://easzfin.com/cash-can-feel-safe-but-it-doesnt-grow-your-wealth-portfolio-strategist-says/