Fly View Productions / Getty Images When it comes to borrowing money, the type of loan you take out matters. There's a big difference between secured and unsecured loans, and which one you should ...
Most personal loans are unsecured, meaning they don’t require collateral. However, depending on your situation, a secured personal loan could be a better option. If you’re loan shopping and ...
Secured loans are a type of loan backed up by some type of collateral — like a car, house or financial account. This collateral gives your lender security if you fail to make your payments.
Luis Alvarez / Getty Images A CD-secured loan is a loan that uses a certificate of deposit (CD) from a bank or credit union as collateral. A CD-secured loan can offer competitive interest rates ...
If you’re buying a house with a mortgage loan or a car with an auto loan, your new debt is automatically secured by the value of the asset (your house or car). If you default on your loan ...
When searching for funds for any number of purposes, a personal loan can offer you a solution with relatively affordable, fixed monthly payments. That said, they can sometimes be pricey and hard ...
If you have a certificate of deposit, you may be able to use it as collateral for a loan Reviewed by Katie Miller A CD-secured loan is a loan that uses a certificate of deposit (CD) from a bank or ...
There's a big difference between secured and unsecured loans, and which one you should get comes down to your needs, your creditworthiness, and whether you can afford to put up collateral.