Is a car loan considered a secured loan?

Answer 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 »

Top Q&A For: Is a car loan considered a secured loan

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 »

What is a cash secured loan?

If you need a loan to make a major purchase or to consolidate debt, banks offer numerous options, including cash-secured loans. With this type of loan, you pledge a certain amount of money that wil... Read More »

Can I Get a Secured Loan If I Have a Chapter 13?

Filing for bankruptcy protection doesn't mean you'll never get credit again. Although your credit score can go down by 100 points after bankruptcy, you can still take out an auto loan, a mortgage o... 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 »