What is a Secured Loan

Secured loan is a type of loan that a borrower pledges an asset which can be in form of a car or property. This is done as collateral for the loan. In doing this, the debt becomes secured by the creditor as it is secured against the collateral. This is not risky as in the event the borrower defaults, the creditor will remain with the asset used as collateral and can sell it to regain the...

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What are Short Term Loans

Simply put, a short term loan is a loan that has a short repayment period. It is usually a loan that you can get fast, but also need to repay it after a very short period of time. A short term loan can have a maturity period of as little as ninety days. It is this kind of loan that usually puts pressure on debtors, since its maturity period is usually shorter than that of ordinary loans....

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What are Secured Loans

When you hear people talking about loans, chances are that they are really talking about secured loans. Most loans today are secured loans, which is why it is vital that you understand what they are, especially if you are considering getting a loan. Simply put, a secured loan is where the borrower puts up some property as collateral for a loan. The property put up really depends on the...

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