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What is considered a secure debt 2024?

Ethan Roberts | 2023-05-07 09:37:17 | page views：1422
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Ethan Hall

Studied at the University of Melbourne, Lives in Melbourne, Australia.
Since secured debt is a loan that is guaranteed by collateral, the lender can offer better rates than an unsecured debt. Collateral is an asset used to secure a loan; it is something that the lender can take if the borrower defaults. The most typical assets used as collateral are homes and cars.
2023-05-09 09:37:17
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Julian Thompson

QuesHub.com delivers expert answers and knowledge to you.
Since secured debt is a loan that is guaranteed by collateral, the lender can offer better rates than an unsecured debt. Collateral is an asset used to secure a loan; it is something that the lender can take if the borrower defaults. The most typical assets used as collateral are homes and cars.
What is Secured Debt? | LendingTree Glossary
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