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  2. How do secured loans work? - AOL

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

    Some secured loans can only be used for its intended purpose. Secured loan vs. unsecured loan. Some loans, such as personal loans, can be either unsecured or secured, depending on the lender. If ...

  3. 8 types of personal loans and their uses — plus 5 to avoid

    www.aol.com/finance/types-personal-loans-uses...

    Like auto loans and mortgages, secured personal loans require collateral for approval. Rather than being backed by a car or house, a secured personal loan might rely on something like a ...

  4. Can you use a personal loan to buy a car? - AOL

    www.aol.com/finance/personal-loan-buy-car...

    Personal loan. Auto loan. Can be secured or unsecured. Secured. Can be used for multiple purposes. Restricted to vehicle financing. Typically, higher interest rates and shorter loan terms

  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. Title loan - Wikipedia

    en.wikipedia.org/wiki/Title_loan

    A title loan (also known as a car title loan) is a type of secured loan where borrowers can use their vehicle title as collateral. [1] Borrowers who get title loans must allow a lender to place a lien on their car title, and temporarily surrender the hard copy of their vehicle title, in exchange for a loan amount. [2]

  7. What is a personal loan? How it works — and what to know ...

    www.aol.com/finance/what-is-a-personal-loan...

    It’s possible to find a personal loan secured with collateral like a CD or another non-liquid asset — for example, Upgrade is a digital lender that offers a choice of an unsecured loan or one ...

  8. 3 reasons to use a personal loan to buy a used car - AOL

    www.aol.com/finance/3-reasons-personal-loan-buy...

    You can finance a used car with auto financing, but sometimes a personal loan makes more sense. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 ...

  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 ...

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