Secured vs. Unsecured Loan Loans might be secured or unsecured. Mortgages and car or truck loans are secured loans, as they are each backed or secured by collateral. In these circumstances, the collateral would be the asset for which the loan is taken out, Hence the collateral for the mortgage https://loan-approval48999.bluxeblog.com/60959639/the-best-side-of-loan-rate