Posts Tagged ‘Secured Loans’

 

How do I consolidate secured loans that currently hold collateral?

Tuesday, August 17th, 2010
Stacey Argabright asked:


I have a few loans that I am having trouble keeping up payments because of my low income as being a part time employee at Lowe’s. My hours change due to budget, therefore my income changes. I really want to pay all four of these loans but I have a one year old daughter to take care of and they are threatening legal action.

 

Can someone tell me how collateral loans work or secured loans?

Monday, November 30th, 2009
Lions asked:


I own four condo properties outright. I plan to put three units up for collateral. I need to know if there are any fees or interests attached to the loans? If so, what is the going interest rate for collateral loans? What are the kinds of fees to expect?