Auto Secured Loan: What does collateral mean?

Collateral is something of value that you own. When you take out a loan with collateral attached, you're guaranteeing your repayment with the value of the collateral.

Articles in this section

• Auto Secured Loan: Can I apply if my vehicle is jointly owned?
• Auto Secured Loan: How do I apply for an auto secured loan?
• Auto Secured Loan: What do I need to apply for an auto secured loan?
• Auto Secured Loan: What documents are required to get an auto secured personal loan?
• Auto Secured Loan: What does collateral mean?
• Auto Secured Loan: What is a limited power of attorney?
• Auto Secured Loan: What's a notary and where can I find one?
• Auto Secured Loan: Which cars are acceptable to use as collateral?
• Auto Secured Loan: Will you take my car if I'm approved for an auto secured loan?
• What is an auto secured loan?