Secured Loan Debt FAQs

Secured Loan Debt

What is a Secured Loan?

A secured debt can fall into two main categories:  The first involves the borrower putting forward an asset of theirs, usually their house or property, as collateral for the loan. This means that should the borrower no longer be able to pay the loan, the lender can ‘possess’ the property and use its sale as a …

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