by splorp

Question by ebillar: What makes a loan secured?
I got credit through Dell (Dell prefered account) and used almost all of the credit to purchase a computer. But as I pay it down I get to re-use the credit. Is this loan secured by the computer, or is it plain old unsecured debt? Thanks.
Can they take away the computer if the loan goes into default?

Best answer:

Answer by denmarks
Read the contract.

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