Sentences with phrase «backed by collateral»

Also, find out whether the investments are backed by collateral, and if that collateral is an income - producing property.

Notes are versatile, are backed by collateral (without all the headaches of hard property), and can be extremely passive!

For example, an unsecured credit card typically carries more risk than a secured loan, so regulations tolerate much higher interest rates on unsecured credit cards than allowed even on subprime mortgages, which are backed by collateral.

These loans are not backed by any collateral like a car or home, hence the «unsecured» designation, and are often used for things like credit card consolidation, home repair, and more.

Repo borrowing, for instance, is backed by collateral that can be readily sold to raise cash in case the other party defaults, said Steven Lofchie, co-chairman of the financial services group at Cadwalader, Wickersham & Taft LLP.

Unsecured Loans are loans that are not backed by collateral.

For the reason explained above, (revolving credit is usually not backed by a collateral and is only backed by a personal guarantee) it may be harder to get approved for a revolving credit loan than to get approved for an installment loan.

That is because the bank is, to some extent, taking less risk when they approve an installment loan that is backed with a collateral than when they approve you for a revolving loan that is not backed by any collateral.

South Africa is grappling with rising defaults on a mounting pile of unsecured personal loans, high - interest - rate debt not backed by collateral like a house or car.

Explain why lenders charge interest and why the interest rate on credit cards, or unsecured debt, is higher than on a house or car loan, which are backed by collateral.

Typically used when referring to a loan or a line of credit (unsecured loan, unsecured line of credit) that is not backed by collateral.

Credit card interest rates are often in the 10 % to 12 % range which makes them significantly more expensive than loans backed by collateral.

To qualify under Chapter 13, an individual must have unsecured debts (those not backed by collateral to guarantee their repayment) of less than $ 100,000 and secured debts (debts backed by collateral, such as a house mortgage) of less than $ 350,000.

Debentures — An unsecured bond not backed by collateral.

Unsecured debt — debt that is not backed by collateral, like hospital bills and credit card balances — makes up a significant portion of most individuals overall debt.

Filing for a Minnesota bankruptcy allows you to eliminate your unsecured debt (the debt that is not backed by collateral) through discharge.

Secured loans are backed by collateral presented by a borrower in form of a marketable asset, such as a home or a vehicle.

Most personal loans are unsecured, meaning that they're not backed by collateral and are bigger risks for lenders.

Personal loans are unsecured, meaning that they aren't backed by collateral.

This is a loan backed by collateral the lender finds valuable, like your home, a precious object, equity in a company, etc..

The rate of interest charged on the unsecured loans is higher than that on the secured loans because unsecured loans are not backed by any collateral security.

Secured loans are backed by a collateral security such as your home; where the unsecured loans are not backed by a collateral security.

A secured debt is backed by collateral, or something of real value.

Unlike loans for a car or house, personal loans are unsecured and not backed by collateral, so lenders place a lot of emphasis on credit scores for determining who they approve and the interest rate a borrower may receive.

Unsecured loans are not backed by collateral.

* Unsecured Personal loans are not backed by collateral, thus may carry a slightly higher interest rate than a loan secured with collateral and require an acceptable credit score.

Because the loan is backed by collateral (i.e., the real estate or equipment being financed), rates from banks will frequently be on the lower end.

Unsecured credit cards get their name from the fact that the debt is unsecured, i.e, not backed by collateral.

Secured loans are easier to obtain because the loan amount is backed by collateral like home equity or a vehicle title.

Personal loans are unsecured debt that are not backed by any collateral, such as a car or house.

Chapter 13 also is only available to debtors with regular income and subject to debt limitations — which, as of April 2016, were no more than $ 394,725 in unsecured debt (debt not backed by collateral, such as credit card debt) and $ 1,184,200 in secured debt (like mortgages and car loans).

and subject to debt limitations — which, as of April 2016, were no more than $ 394,725 in unsecured debt (debt not backed by collateral, such as credit card debt) and $ 1,184,200 in secured debt (like mortgages and car loans).

An unsecured debt is one that is not backed by collateral, and includes credit cards, medical bills and student loans.

For loans backed by collateral, known as «secured loans,» loan servicers can seize the collateralized asset to repay the debt.

An unsecured personal loan is an installment loan that is not backed by collateral such as a house or car.

For personal loans which aren't backed by collateral, lenders will often add late fees and penalty interest rates after missed payments.

Unsecured means that the property is not backed by collateral; the lender can not repossess it.

This means that it is not backed by collateral, such as your home or vehicle.

Unlike mortgages, unsecured personal loans are not backed by collateral such as your home.

Secured Loan A secured loan is a loan backed by collateral.

Unsecured Loan A loan not backed by collateral, representing a greater risk to the lender.

An unsecured loan is one that is not backed by collateral.

Some of the highest origination fees belong to unsecured personal loans, which aren't backed by collateral and carry more risk for lenders.

The most popular types of consumer loans that are backed by collateral are mortgages, auto loans and secured personal loans.

The most popular types of consumer loans that are backed by collateral are mortgages, auto loans and secured personal loans.

They are usually short - term loans backed by collateral with high interest rates and fees.

For loans backed by collateral, known as «secured loans,» loan servicers can seize the collateralized asset to repay the debt.

For personal loans which aren't backed by collateral, lenders will often add late fees and penalty interest rates after missed payments.

This means they aren't backed by any collateral, such as a home or car.

Not exact matches

He had only just learned something was awry when, as an investor in three of Concrete's buildings, he had received proxy forms asking him to sign over his stakes to a company called Strategic Group in return for unsecured debentures, a kind of IOU not backed by real collateral, promising to pay him 6 % a year.