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  2. A new borrowing option for hard-up Americans: a credit card ...

    www.aol.com/finance/borrowing-option-hard...

    Using vehicles as collateral is nothing new; car title loans, in which the person seeking a loan gives his car title to the lender in exchange for the money, abound.

  3. 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 ...

  4. 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 ...

  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 share-secured loan, and how does it work? - AOL

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

    A secured personal loan is backed by an asset you already own, such as a car, boat or RV. If you default on the personal loan, the lender can seize your property to recoup its losses. Next steps ...

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