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09-20-2007, 04:01 AM
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 Is an auto loan a secured or unsecured debt?
Is an auto loan a secured or unsecured debt?
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09-20-2007, 04:13 AM
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It's secured debt. The auto loan is secured by your automobile. If for some reason you do not pay the loan, the lender has the right to repossess the automobile.
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09-20-2007, 04:35 AM
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Usually it is a loan that is secured by the car... but it can be either depending on how the loan is written
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