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Secured Loan: A viable solution against collateral

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Icon Mini Profile Sam
Sam
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Joined: 21 May 2005

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Post Posted: Sun Apr 04, 2004 11:42 pm    Post subject: Secured Loan: A viable solution against collateral
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Secured loan refers to the borrowed loan that is backed by collateral. It requires some form of capital or collateral as security for the loan. These loans use homes and properties as security, which would be liquidated if the borrower default's on the loan. For individual borrowers these are also known as personal secured loans. Secured loans are also available for business borrowers, which are known as 'Commercial Loans'.

For example, Andrew took a loan from Jennifer by giving his property as collateral. Thus, this type of loan is 'secured loan' since it is backed by collateral.
MALCOLM

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Post Posted: Sat Aug 16, 2008 2:05 pm    Post subject: COLLATERAL LOAN ON MY HOME THAT I OWN
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NEED TO DO EXTRA TO IT FOR A MRDD PROGRAM
Icon Mini Profile sara
sara
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Post Posted: Wed Aug 20, 2008 4:58 am    Post subject:
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Hi malcolm,

please explain in detail what you're trying to say.

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