What are secured loans?

Answer When applying for a loan, banks and other financial institutions offer a variety of products to choose from, including secured loans. This type of borrowing uses collateral as a guarantee for repay... Read More »

Top Q&A For: What are secured loans

How to Write Off Secured Loans?

Secured loans, or credit accounts secured with some sort of collateral (such as a car or home), are offered to all types of consumers. Common secured loans are auto loans and mortgages. However, pe... Read More »

Defining Secured & Unsecured Loans?

When creditors lend money, they look for reasonable assurance that the money will be paid back. A borrower's excellent credit history can help soothe the fears of the lender, especially if the loan... Read More »

Secured Vs. Unsecured Stafford Loans?

The Stafford Loan program is one of the many college education funds offered by the U.S. Department of Education. A student loan is considered secured when collateral is used to help secure the fun... Read More »

Definition of Secured & Unsecured Loans?

Usually, a person acquires a loan to buy property, such as a car, or to pay off debt. But all loans are not the same. Some require collateral and some may be given unsecured.