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Secured creditLoan for which some form of acceptable collateral, such as a house or automobile has been pledged.
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Secured creditCard- A credit card that is linked to a savings account.
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Secured creditFinancing for which some form of acceptable collateral, such as a house or car has been pledged. The credit has been secured by this asset.
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Secured creditA form of credit where you’re required to provide an asset (such as a house or car) as security for the loan. In the event that you fail to pay back the loan, a bank or other lender can potentially claim the asset as full or part payment for the loan amount outstanding. For example, home loans and some personal loans are types of secured credit, as [..]
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