How Does Using Money As Collateral Work on a Car Loan?

Answer Generally, when you take out a car loan you use the car being financed as the collateral for the loan, which means that the lender can repossess the car if you default on your loan payments. Howeve... Read More »

Top Q&A For: How Does Using Money As Collateral Work on a Ca...

How to Get a Collateral Loan?

Many people with different budget problems and short-term financial situations will want to get a collateral loan in order to free up cash without taking a loan that might load them up with interes... Read More »

What is a collateral loan?

A collateral loan means that the borrower has pledged some type of property as security for the loan. Examples of collateral loans are auto loans and mortgage loans. The terms can vary from lender ... Read More »

Can You Use Land As Collateral for a Personal Loan?

When applying for a personal loan, the lender may ask you to put up some of your property as collateral. If you have some vacant land, you may wish to use this as the collateral for your loan. Depe... Read More »

Can I Get a Surety Bond to Use as Collateral for a Loan?

Loans issued to individuals can be split into two types: secured and unsecured. A secured loan is a loan backed by some kind of collateral. This means that if the borrower defaults on the loan, the... Read More »