Can a Bank or Credit Union Change an Unsecured Loan to A secured loan?

Can a Bank or Credit Union Change an Unsecured Loan to A secured loan?

Can a Bank or Credit Union Change an Unsecured Loan up to a loan that is secured?

More Articles

A student loan, a credit card or even an unsecured business loan, your lender generally cannot suddenly demand collateral if you have an unsecured loan, such as a personal loan. Nevertheless, if you default from the loan, your lender might make use of your default as leverage to obtain security from you, and when your lender sues you for nonpayment and gets a judgment, the judgment might turn into a lien on property. […]