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What can a creditor do if you stop payments on a secured loan that was not reaffirmed?
Repossess or foreclose on the secured property if the agreement is in default.
What is a secured loan?
what is a secured loan
What is home loan remortgaging?
A home loan remortgage is the resale of the resale of your piece of property. Examples of home loan remortgages can be found in the board game of Monopoly.
What is a partial secured loan?
Where only part of the loan is secured.
Is a mortgage considered a bond type security?
No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.
What makes a loan a secured loan?
A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan.
What is the example of secured loan?
A mortgage is a secured loan. Any loan that has a charge on assets is a secured loan - effectively, if you don't repay it gives the lender the right to take the goods against which the loan was granted.
What does it mean when a debt or a loan is personally secured?
When a debt or loan is personally secured, it means that the person who took out the loan has used something as security in case they default on the loan. A mortgage is an example of a secured loan.
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.
Can you provide assistance with secured loan debt?
Yes, I can help with secured loan debt.
Is a car loan secured or unsecured?
A car loan is typically a secured loan, meaning the car itself serves as collateral to secure the loan.
Why might one want to remortgage your loan?
Remortgaging enables one to pay off the existing loan by taking out a loan against the same collateral, perhaps at a lower rate, to clear older debts.
