Secured loans are a type of loan backed up by some type of collateral — like a car, house or financial account. This collateral gives your lender security if you fail to make your payments.

Narrow use of funds. Like a personal loan, a car loan is a type of installment loan, which means you are approved for a certain amount and receive the proceeds upfront to cover the costs of the car.

Fortunately, even if your credit history has some blemishes (think scores below 670), you still have plenty of car loan options. And comparing those options is key to getting the best deal you can.

A secured loan lets borrowers who want to use the equity from their car potentially qualify for lower interest that way. Rates, repayment terms and agreements vary by individual and the state in ...

If you live in California and own a car, you could also be eligible for a secured loan of $2,525 to $18,500 if you use your vehicle as collateral — though this means you could lose your car if ...

Most secured personal loans are backed by one of two forms of collateral: deposit accounts (like savings or CD accounts) or personal property (like a vehicle). This form of borrowing is less ...

While instant personal loans offer advantages in emergencies, it’s crucial to borrow responsibly. Be clear on the loan terms, including interest rates and repayment timelines. Only borrow what you ...

For professionals like doctors, lawyers, engineers, and architects, the path to success is often paved with significant educational investments. Whil ...

Many consumers are increasingly turning to credit to make ends meet as interest rates stay high, but it is not a decision to take lightly.

Credit can be incredibly valuable for South Africans, but there are numerous pitfalls that one must be aware of.

ChoiceCash is observing a growing share of title loans being secured by electric vehicles (EV), however growing from a very small base of 0.04% in 2019 to 0.37% in Q1 2024. At 97.89%, vehicles powered ...

Payday loans can be risky for several reasons, and it’s crucial to understand these risks before contemplating one.