What Sets Secured Personal

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Posted on September 22, 2018 at 05:35 AM

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Is a Secured Loan a Good Option? - Make Money Personal
A secured loan is a loan that has an asset as collateral for the loan. In the event of missing a payment or defaulting on the loan, the bank or lender can then collect the collateral. This type of loan generally has a lower interest rate because the bank has a lower risk because it can collect the ...
Secured Loans and Lines of Credit – Wells Fargo
Secured loans might be a good choice if you have personal assets such as equity in your home or funds in a savings account that can be used as collateral. Plus, secured loans may have lower interest rates, larger loan amounts, or better terms than unsecured loans.
Secured and unsecured borrowing explained - Money Advice ...
A secured loan is money you borrow that is secured against an asset you own, usually your home. The interest rates tend to be cheaper than with unsecured loans, but it can be a much riskier option so it’s important to understand how secured loans work and what could happen if you can’t make the payments.

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