Secured Credit

Collateral is property or value pledged to support a credit obligation and reduce lender risk.

A credit-builder loan is a small loan designed mainly to help a borrower build payment history and credit file depth.

A deficiency balance is the remaining debt still owed after collateral is taken and sold for less than the amount due.

A secured credit card is a card account backed by a security deposit.

Secured-credit terms that explain deposits, collateral support, and products designed to reduce lender risk in consumer borrowing.

A secured loan is a loan backed by collateral that gives the lender a stronger claim if the borrower does not repay.

A security deposit is money the borrower provides to support a secured credit product.