Lenders usually want to have collateral for the loans they provide to protect their interests in case the borrower defaults on the loan and can no longer pay back the amount that is due. A ...

Collateral is a valuable asset (like a car, house or even cash) you can pledge to secure a loan. If you fail to repay your loan, the lender can seize whatever you've put up as collateral. Financial ...

Kiah Treece is a former attorney, small business owner and personal finance coach with extensive experience in real estate and financing. Her focus is on demystifying debt to help consumers and ...

Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, and researcher who has assisted thousands of clients over a more than two-decade career. She is the CEO of ...

Dhara Singh is a personal finance writer with more than 300 articles published online on topics related to personal loans, mortgages, and retirement. Her work has been published on major financial ...