Secured Loans

Secured Loans

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A secured loan is a loan in which the borrower pledges some asset (e.g. a car) as collateral for the loan. A mortgage loan is secured by th e house you buy. A business loan can be secured by cash, inventory, receivables, marketable securities, or other acceptable Collateral. is you fail to pay for the loan then the lender can take legal action to reclaim, and sell, the collateral.

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