Mortgages, house equity loans, and automobile financing are considered secured personal loans, as you're adding security.

Nevertheless, a secured charge card are often considered a secured loan. Keep in mind that in the event that you agree to offer your car as collateral and become unable to pay the money you owe, the lender could seize your car if you take out a secured loan using your home, your car, or something else as collateral, you run the risk of losing that collateral should you become unable to pay your loans…