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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.

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Q: How does one go about finding a secured loan?
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Where can one order home secured loans?

Quicken Loan's website is one place where someone can order a home secured loan online. Bank of America is another place where someone can go to order a home secured loan.


Where could a person get a loan secured on their inheritance?

There are several places where one can get a loan secured on their inheritance. The online sites Heir Advance, Inheritance Now, and Inheritance Funding are good places to go.


How does a person get secured loans?

The easiest way to get a secured loan is for a person to go to their bank and request one. This requires a lot of interviews, documentation for justification of the loan and often a bank representative will want to interview the person first.


Are secured loans better to get than unsecured ones?

With a secured loan, you are able to borrow more money than with an unsecured loan. It would depend on how much you needed to be loaned. Most institutions offer both, however, I would go with a secured loan.


Will the bank go after your house if you don't pay for your car loan?

no, your car loan is secured by your car, your mortgage by your home


Where might one go to locate a list of secured loan companies?

One can locate a list of secured loan companies from: Finance Central, U Switch, Money Saving Experts, Money, Macy Legal, more 4 Loans, Comm Bank, Credit Jungle, Money Extra, Freedom Finance.


How can one get a poor credit rating loan?

If one has a poor credit rating, they may find it difficult to get a loan. Some ways to get a loan with a bad credit rating include, getting a secured loan by using one's house to secure a loan. If one does not have a house, one can apply for a secured credit card which helps to rebuild one's credit history. One can also get a private loan from a private lender, but, be prepared to pay a high interest rate.


What is definition of secured loan?

A secured loan is when the person making the loan, possibly you, uses collateral, such as a car, a watch, your property, i.e, to make the loan. Example, you go into a bank and ask for $3,000 loan. They say, hmm, you might want to make a secure loan, seeing as you don't have great credit. You can put your car up, so that if you don't pay the loan on time, we get your car. It's simple.


Where to get a loan in a hurry with poor credit?

The easiest is to go to a bank and get a backed loan. You give the bank the amount of money you wish to borrow, they will then give you a loan for that amount knowing it is secured. You then make payments on the loan to build your rating.


What is the definition of Secured Loans?

A secured loan is when the person making the loan, possibly you, uses collateral, such as a car, a watch, your property, i.e, to make the loan. Example, you go into a bank and ask for $3,000 loan. They say, hmm, you might want to make a secure loan, seeing as you don't have great credit. You can put your car up, so that if you don't pay the loan on time, we get your car. It's simple.


Where might one look to find a cheap secured loan in the UK?

One of the best places to look for a cheap secured loan in the UK is the website Money Supermarket. There one can compare various companies to find the cheapest. Currently they list Sainsbury's bank as the cheapest rate on 5%.


If you default on a personal loan what can happen?

The lender will begin collection proceedings against you. Being a personal loan, if like most it is secured only by your signature, likely as not the lender will go legal as quickly as possible so as to secure the debt with a judgment and allow for greater variety in collections. If the loan is secured by property, count on it being repossessed.