Is a secure loan a bad thing? and where can i get one?
Answers:
A secured loan is a good thing. It means that the loan is based off of collateral. That is, a secured loan would be backed by something, like a car or house, that the bank could repossess if the loan is defaulted.
This is good for the lender because they have something to help recoup their loss if you default, and good for you because you'll get a lower interest rate with a secured loan.
You can get a secured loan by purchasing a car, or offering your car's title as collateral on a personal loan. Another way would be to put a lien on your home.
No
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