Secured vs. Unsecured Loan Loans may be secured or unsecured. Mortgages and auto loans are secured loans, as They are really the two backed or secured by collateral. In these situations, the collateral would be the asset for which the loan is taken out, so the collateral for a mortgage https://danteguhsf.ssnblog.com/28343520/the-best-side-of-loan-overdraft