Can I sell something if it is part of a secured loan?

Answer On One Hand: Secured Property Cannot be SoldIf a loan that is secured with personal property is active, the borrower is forbidden to sell the property. The loan documents will specify this conditi... Read More »

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Is a car loan considered a secured loan?

Yes, a car loan is typically considered a secured loan because the value of the vehicle is used to guarantee repayment of the loan. If the borrower stops making payments, the borrower can take or r... Read More »

Is a Car Loan a Secured Debt?

Car loans are a type of secured debt. Lenders use the car as collateral when writing the loan, and if the borrower defaults, the lender assumes control of the vehicle. Some people use home equity l... Read More »

How to Get a Secured Loan on Crops?

Secured crop loans are available in a number of nations, and allow farmers to acquire the funds needed to cultivate crops that are later sold as a means of generating profits and settling the remai... Read More »

Is a secured loan right for you?

On One Hand: Secured Loans are Easier to ObtainSecured loans offer the lending agency some type of collateral in case the borrower cannot repay the loan. One popular type of secured loan is the hom... Read More »