Credit that requires you to show assets as collateral for approval. Assets include savings, stocks, bonds or real estate.

Secured credit is an extension of credit that is secured with collateral of some type (car loans and mortgages for example). If you don’t meet your payment obligations, the item securing the loan or extension of credit can be foreclosed on or repossessed.

A type of credit requiring that a consumer provide something of value to guarantee repayment of a loan.

Credit for which some sort of collateral is offered as security to the lender in the event of default. Secured credit cards hold the borrower's funds in an interest-bearing account for a certain length of time or until the borrower has established good credit with the lender.

Loan for which some form of acceptable collateral, such as a house or automobile has been pledged.