Sentences with phrase «collateral against you defaulting»

Instead, you can look for a secured credit card, which requires that you deposit money into the account that is then held as collateral against default.

The lender will hold the asset as collateral against you defaulting on the loan.

Essentially, auto loans are secured loans, with the vehicle itself acting as a sort of collateral against default (i.e., if you don't pay back your loan, the lender can sell the car to get their money back), which means less risk to the lender.

HELOCs, by contrast, are revolving credit lines that use your home as collateral against default.

Not exact matches

That is, a loan that has collateral behind it as a means to protect against default, such as a home equity loan, versus an unsecured loan that offers lenders little by way of guarantee.

Second, had AIG collapsed, the systemic implications on other market participants might have made it difficult for Goldman Sachs to collect on the credit protection it had purchased against an AIG default, although Goldman Sachs stated that it had received collateral from its counterparties in those transactions.

They repackaged these loans and used them as collateral for bonds called mortgage - backed securities; they guaranteed buyers of those securities against default.

The lender runs lower risks when lending against collateral because in the event of default the property securing the loan can be repossessed or subject to foreclosure.

That Collateral Account Agreement includes, among other important provisions, information on the security interest you have granted to the Bank in your Collateral Account and the Bank's rights against all funds in that Collateral Account in the event of your Default under this Cardholder Agreement.

In the midst of ex-attorney's efforts to collect fees from ex-client, ex-client filed a «collateral attack» against ex-attorney relating to a 1999 default judgment which was ultimately vacated in earlier proceedings.

Though you have no obligation to secure your personal loan with some sort of collateral, a lender can still pursue legal action against you upon delinquency or default, and place a lien on your assets to secure repayment.