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What else can I help you with?
Is a credit card considered an unsecured loan?
Yes, a credit card is considered an unsecured loan because it allows you to borrow money without providing collateral, such as a house or car, to secure the debt.
What are possible uses for a home equity line of credit or loan?
A home equity loan allows you to borrow money using your homes equity as collateral. Once you have the loan it can be used for anything, paying off credit card debt, school loans, car loans, or home improvement projects are all common uses.
How soon can a car loan be refinanced?
As soon as you can find a lender willing to loan money on the collateral.
Where can I gert a loan using my car as collateral?
I dont have great credit & need a loan bad I have a 2004 Chevy Venture Van paid for that i can use for collateral where can I go to get a loan?
Can a financed car be used as collateral for a loan?
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
Is a credit card considered an unsecured loan?
Yes, a credit card is considered an unsecured loan because it allows you to borrow money without providing collateral, such as a house or car, to secure the debt.
Can I use my car's title as collateral for a car equity loan?
When it comes to using collateral for a car equity loan using your car title is an option through certain loan providers it just depends on their qualifications and the value of your car.
What does a lien on your car title mean?
you owe somebody money and your car was used as collateral
Where can you get a car for free?
Not really anywhere. You can borrow a car for less money then it costs.
What type of cred it is if a bank loans you money to buy a new car?
Normally it is called an Auto Loan if you are using the vehicle as collateral for the loan. But, you can use something else as collateral such as your home, in which case it would be a Home Equity loan.
Can you use your car as collateral for a loan?
Yes, your car can be used a collateral but it is up to the lender.Yes, your car can be used a collateral but it is up to the lender.Yes, your car can be used a collateral but it is up to the lender.Yes, your car can be used a collateral but it is up to the lender.
What are possible uses for a home equity line of credit or loan?
A home equity loan allows you to borrow money using your homes equity as collateral. Once you have the loan it can be used for anything, paying off credit card debt, school loans, car loans, or home improvement projects are all common uses.
How do you borrow money for your car?
go to the bank and ask for an auto loan.
Is a car used as collateral money or not?
It's possible. Many lenders will accept a customers car as collateral against a loan. The only down-side is - if you default on the payments - they'll take your car - whether you want them to or not !
Which of the 5 c's shows Using your car or house as a promise to pay?
Collateral
How soon can a car loan be refinanced?
As soon as you can find a lender willing to loan money on the collateral.
Can you get car insurance in case you borrow a car?
No. Car insurance is placed on a car, If you don't own one, you cannot get a policy. The person who owns the car you might borrow should have the extra insurance coverage for other drivers using his/her car.
