Types of Loans: Secured Loans
When borrowing money, you will likely need to make a decision about whether to get a secured loan or an unsecured loan. But what’s the difference between these loans? What Is a Secured Loan? This is a loan that has collateral, something valuable is attached to the loan just in case you default on the loan, for instance, a car or a home. The bank or the lender will request you to provide the collateral […]