What is collateral?
In Loans - Car Loans - Asked by Admin - 2 years ago
Collateral is an asset that guarantees a loan. The borrower will lose the asset if the loan is not repaid.
Answered by Admin - 2 years ago
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Car loans are a very common type of loan. You can get different types of car loans including used car loans and new car loans. You may also need a special loan if you have a bankruptcy on your record. Refinancing a car loan is also an option. If you need help with car loan questions or answers about car loans or "what is collateral?", Zuuply.com has the answers you are looking for.