Secured vs. Unsecured Loan Loans may be secured or unsecured. Mortgages and car or truck loans are secured loans, as They are really both backed or secured by collateral. In these instances, the collateral may be the asset for which the loan is taken out, Therefore the collateral for the https://loanterm67787.blog-gold.com/35248569/helping-the-others-realize-the-advantages-of-loan-approval