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Some are secured, some are not. A Home Equity Line of Credit is secured by real estate (a residence or property) A business line of credit may be secured by a stake in the business or lien against equipment or inventory. Business lines may also be unsecured. Personal or "signature" credit lines are unsecured.
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Where can one with poor credit get a secured loan?
You can get a secured loan with poor credit online from the Secured Personal Loan Gofo website. However, to get a secured personal loan from companies like this, you may need property or other collateral.
Is a credit card a secured loan?
No. A Credit Card is a simple form of a revolving loan with a limit but is typically not secured by any asset.
Can I use my house to acquire a secured loan?
yes you can acquire a secure loan using your home. you can apply for a home equity loan or a home equity line of credit.
Where can one get an adverse credit secured loan?
One could get an adverse credit secured loan by doing a Search on the Internet to gain access to this information depending on their personal credit history.
Where can someone get a flexible secured loan?
A flexible secured loan is a loan instrument that is backed-up by a collateral, usually a property. Another variation for this kind of loan is the Home Equity Line of Credit, whose interest rate is usually tied to the prime interest rate.
Where can one with poor credit get a secured loan?
You can get a secured loan with poor credit online from the Secured Personal Loan Gofo website. However, to get a secured personal loan from companies like this, you may need property or other collateral.
Is a credit card a secured loan?
No. A Credit Card is a simple form of a revolving loan with a limit but is typically not secured by any asset.
Can I use my house to acquire a secured loan?
yes you can acquire a secure loan using your home. you can apply for a home equity loan or a home equity line of credit.
Where can one get an adverse credit secured loan?
One could get an adverse credit secured loan by doing a Search on the Internet to gain access to this information depending on their personal credit history.
Which is better a line of credit or equity loan for 2000000?
Both are often used. You do want to be sure that if it is being secured with a home that the interest on the loan is tax deductable.
Where can someone get a flexible secured loan?
A flexible secured loan is a loan instrument that is backed-up by a collateral, usually a property. Another variation for this kind of loan is the Home Equity Line of Credit, whose interest rate is usually tied to the prime interest rate.
Do the terms buying and owning a home mean the same thing when applying for credit?
No, a house is considered a secured loan. When you apply for credit it will be either a secured or an unsecured loan.
Is there such a thing as a bad credit secured loan?
Yes. A secured credit card (where you have given the bank issuing the card a deposit in the amount of the credit line) is considered a loan for those with bad credit. However, despite the fees that the lender charges you for the privilege of having a credit card, that loan is risk-free to the bank because (1) you may not go over your credit limit and (2) the deposit will cover that was not paid back through the normal statementing process. As an aside, payday and auto title loans are not considered secured loans.
What is an appropriate interest rate for a secured loan?
Interest rates will be decided based on what your securing the loan with and how good your credit score is. A good interest rate is running right around 8% for a secured loan with average credit.
How does one go about finding a secured loan?
Before searching for a secured loan, you need to determine what your collateral will be. The first places to check for secured loans are local banks and credit unions.
How can you get a secured business credit?
Obtaining secured business credit requires have a strong credit rating. Otherwise the bank to which one applies for credit will reject the business as a bad risk for a loan.
Which of the following is an example of secured debt?
credit card
