Video: Personal Secured Loans

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Personal secured loans require a security for the creditor such as real estate or other assets of the borrower. Decide if a personal secured loan is a good form of investment with tips and advice from an experienced financial adviser in this free video.

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Video Transcript

This is Patrick Munro, talking about what is a personal secured loan. In the world of finance loans can be granted to borrowers, but as always, there is security required for the loan. It secures the fact that the creditor is going to be repaid for the service that they're giving. So a personal secured loan is where the borrower puts up some property as collateral to the company that is granting the loan; perhaps it's a bank or other institution. There is a lien placed on that property and it will not be released until the loan is paid for or satisfied, as it's said in the world of credit, over time. It's a strategy that is commonly used. It's normally the course of action when investors are putting up assets they pledge their assets for security and receive loans, and they're able to grow their wealth with this effective planning strategy tool. This is Patrick Munro, Financial Adviser, talking about borrowing and pledging security.

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Personal Secured Loans

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