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2. Secured loan - Wikipedia

   en.wikipedia.org/wiki/Secured_loan

   A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral, and if the borrower defaults, the creditor takes possession of the asset used as collateral and may ...

3. How do secured loans work? - AOL

   www.aol.com/finance/secured-loans-020828573.html

   Secured loans are debt products that are protected by collateral. This means that when you apply for a secured loan, the lender will need to know which of your assets you plan to use to back the loan.

4. Secured vs. unsecured debt: What’s the difference? - AOL

   www.aol.com/finance/secured-vs-unsecured-debt...

   Secured debt is debt that is backed by an asset, like a car or a house. Should you default on the loan or debt repayment, the creditor can seize this asset instead of opening a debt collection on ...

5. How interest rate changes affect debt - AOL

   www.aol.com/finance/interest-rate-changes-affect...

   Secured loan interest rates don’t rise or fall as much as unsecured loan rates. Mortgage debt interest rates don’t fluctuate like other types of secured debt. Interest rate changes have an ...

6. Nonrecourse debt - Wikipedia

   en.wikipedia.org/wiki/Nonrecourse_debt

   Thus, nonrecourse debt is typically limited to 50% or 60% loan-to-value ratios, [1] so that the property itself provides "overcollateralization" of the loan. The incentives for the parties are at an intermediate position between those of a full recourse secured loan and a totally unsecured loan.

7. Loan - Wikipedia

   en.wikipedia.org/wiki/Loan

   A secured loan is a form of debt in which the borrower pledges some asset (i.e., a car, a house) as collateral. A mortgage loan is a very common type of loan, used by many individuals to purchase residential or commercial property.

8. Debt consolidation - Wikipedia

   en.wikipedia.org/wiki/Debt_consolidation

   The bulk of the consumer debt, especially that with a high interest, is repaid by a new loan. Most debt consolidation loans are offered from lending institutions and secured as a second mortgage or home equity line of credit. [13] These require the individual to put up a home as collateral and the loan to be less than the equity available.

9. Common types of installment loans and their best uses - AOL

   www.aol.com/finance/common-types-installment...

   Just like personal loans, auto loans tend to offer fixed interest rates — but they are a secured debt that uses your vehicle as collateral. If you default on your loan, the bank has legal ...