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2. 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.

3. 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.

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

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

   Personal loans, credit cards, student loans and medical loans are some forms of unsecured debt. Secured and unsecured debts have many similarities, but one major difference is whether collateral ...

5. 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 ...

6. How interest rate changes affect debt - AOL

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

   A lender can cover financial losses by repossessing your car if you can’t repay an auto loan. ... Interest rates affect the rates and terms you receive on unsecured debt more than secured debt ...

7. Collateral (finance) - Wikipedia

   en.wikipedia.org/wiki/Collateral_(finance)

   For example, the Annual Percentage Rate (APR) on an unsecured loan is often much higher than on a secured loan or logbook loan. If a borrower defaults on a loan (due to insolvency or another event), that borrower loses the property pledged as collateral, with the lender then becoming the owner of the property.

8. What is a share-secured loan, and how does it work? - AOL

   www.aol.com/finance/share-secured-loan-does...

   A credit-builder loan also works like a share-secured loan, but you pay off the loan before you can access the money. The lender you choose will deposit the funds into a savings account.

9. Cancellation-of-debt income - Wikipedia

   en.wikipedia.org/wiki/Cancellation-of-debt_income

   Whether secured debt is recourse or nonrecourse can have significant consequences if the debt is settled in foreclosure of the secured property. [12] Generally, while the net gain or loss is the same regardless of the classification of the debt (it will always be the difference between the basis of the burdened property and the amount of the ...