Glossary: U


An unsecured loan is the name for a loan that does not use anything you own as security. Therefore you cannot lose your home directly if you don’t make the payments - but you can be taken to court and end up having to pay back the money. Your ‘credit rating’ may also be affected if this happens - this means that most financial companies will refuse to lend you money.


The bills for electricity, water, gas and telephone.