Mortgages, house equity loans, and automobile financing are considered secured personal loans, as you’re setting up security.

Mortgages, house equity loans, and automobile financing are considered secured personal loans, as you’re setting up security. Nevertheless, a secured credit card are often considered a secured loan. Understand that in the event that you agree to offer your car as collateral and become unable to pay the money you owe, the lender could seize your car if you take …