CaliChristian
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Glad to see everyone is learning new information. This has been extremely helpful.
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Tue Sep 14, 2010 6:26 pm |
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Jammy
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| secured loans |
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I don't think there is anything known as secured loans. We always pay the price in the end
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Fri Sep 17, 2010 5:25 am |
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davidansler45
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Its a kind of loan in which borrowers pledges some asset as a collateral. But in case of payday loans and unsecured loans there is no security required.
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Wed Sep 22, 2010 10:01 pm |
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riccky4787
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A very useful thread indeed.
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Tue Dec 21, 2010 11:16 am |
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Franziska
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Here are some benefits of secured loans:
-This type of loan offer a higher rate of lending, so you do not need to bother yourself about how much you can get from any lending company.
-Another advantage of this loan is that the loan interest rates are very low compare to other type of loans out there.
-There is always a specified time for you to pay back the loan to the lender.
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Tue Dec 21, 2010 4:58 pm |
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Lisa Smith
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Secured loans usually pay off in terms of having your property or house. You need to pay off the lender in time with the interest rate.
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Wed Dec 22, 2010 11:48 am |
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financegenie
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A secured loan is a loan where you will be required to use your property as security against the loan, so the lender is able to balance the risk of lending to you.
Thanks 
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Fri Dec 24, 2010 8:54 am |
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wystanfi
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I think the secured loan is a type of loan that you never want because they can go after your properties if you are delinquent.
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Mon Dec 27, 2010 11:08 am |
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jray51515
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As far as i know, a secured loan is a loan that you can't dismiss and the creditors can go after your assets if you dont pay back the loan.
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Mon Dec 27, 2010 6:43 pm |
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JonathanL
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Well, secured loans are really useful if you have no troubles with your credit report. Besides, in case you are not able to repay the loan back you will lose your property taken on loan as a house or a car, though, you won't have to pay the fees and penalties. All you lose is the money you have already paid. Of course, it's not very pleasant, especially if you repaid the most part of your loan, but it's better than live in debt all your life.
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Tue Jan 04, 2011 8:42 am |
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Mkatz78
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While secured loans are great because you don't need as much credit and the interest rate is lower due to using your home, or car, or any expensive asset as collateral, unsecured loans are very useful as well if you don't have any assets available to you. the interest rate will be minutely higher, but in the long run it is less risky if you have a stable source of income.
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Fri Jan 21, 2011 4:29 pm |
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marketeye
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| Re: What Is A Secured Loan? |
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Secured loans are protected by an asset or collateral such as your home or car and usually offer lower rates. This types of loan poses a lesser risk to the lender as it can collect the collateral if you default on payments. If you want to secure a large amount with longer repayment terms, secured loans can be an option.
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Thu Feb 03, 2011 5:57 am |
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deonomar
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| What Is A Secured Loan? |
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On which asset the lender has the legal right to exercise ownership if the funds are not returned is called a expletive. It is a one type of a same day loans which can be also apply a online. If a collateral is expletive with a loan, it is called a secured loan.
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Wed Mar 09, 2011 8:01 pm |
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JonCryer
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Hi
Secured loans are those loans that are protected by an asset or collateral of some sort. The item purchased, such as a home or a car, can be used as collateral, and a lien can be placed on such purchases. The finance company or bank will hold the deed or title until the loan has been paid in full, including interest and all applicable fees. Other items such as stocks, bonds, or personal property can be put up to secure a loan as well.
Thanks
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Thu Mar 10, 2011 5:09 am |
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