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Mortgages, house equity loans, and automotive loans are considered secured personal loans, as you’re setting up security.

Mortgages, house equity loans, and automotive loans are considered secured personal loans, as you're setting up security. But, a secured charge card may also be considered a loan that is secured. Understand 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…