answersLogoWhite

0

what is a secured loan

User Avatar

Wiki User

10y ago

What else can I help you with?

Related Questions

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 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.


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.


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.


What is collateral loan market?

loan is a loan on a promissory note secured byMarket where short term loans secured by a asset that pledged as security for repayment of a loan


If your house is repossessed due to a secured loan and there is not enough equity to pay the loan what then happens to the secured loan?

You will be liable to pay the debt outstanding.


Is a car loan an example of a secured loan?

Yes.


What is different about a secured loan application?

A secured loan application is different because the person who takes out the secured loan pledges an asset. An asset must be something of value such as a home or car. They then use that as the collateral, so that way if one does not pay the secured loan the creditor takes possession of the asset.