A collateral loan is a secured loan that requires the borrower to provide an asset as security for repayment. With these loans, a lender can take possession of your property—the loan collateral—if you ...
When you need cash for a major expense, it might be tempting to max out a credit card. But you have other options that aren't as likely to harm your credit or put you in a cycle of debt -- even if ...
Meredith Mangan is a senior editor and expert on personal loans. Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc. (Credible), which is majority-owned ...
Collateral is a valuable asset (like a car, house or even cash) you can pledge to secure a loan. If you fail to repay your loan, the lender can seize whatever you've put up as collateral. Financial ...
Learn about the pros and cons of secured personal loans.