Posts Tagged ‘collateral’

  Loans are either unsecured, or secured by the borrower’s collateral. Collateral is sometimes needed for loans as assurance that the loan will be paid in full—if not, the lender will have the legal right to seize the assets that were used as collateral in order to sell them and use the money to satisfy […]

Have you always wondered what lenders look for exactly when you apply for a loan? In addition to looking at your overall credit score, they will look through your payment history, current and past loans, and level of risk. Although it can vary by creditor, many will follow the five C’s of credit when making […]