The difference between a secured loan and an unsecured loan is a secured loan requires collateral and an unsecured loan does not. Correct answer: D
Secured loans are loans that are backed by an asset, like a house in the case of a mortgage loan or a car with an auto loan. An unsecured loan on the other hand is not tied to any of your assets and the lender can't automatically seize your property as payment for the loan.
