Results for tag: "Secured Loans"

The Secured Loans market is a subset of the Credit and Loans industry. It involves a borrower providing an asset as collateral to a lender in exchange for a loan. This asset is used to secure the loan, meaning that if the borrower defaults on the loan, the lender can take possession of the asset. Secured loans are typically used for large purchases, such as a car or home, and often have lower interest rates than unsecured loans. They also tend to have longer repayment terms, allowing borrowers to spread out the cost of the loan over a longer period of time. Some companies in the Secured Loans market include Bank of America, Wells Fargo, Chase, and US Bank. Show Less Read more