what is hindering secured creditor?

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what is hindering secured creditor?

2006-08-05 04:43:41 · 1 answers · asked by sherry h 1 in Business & Finance ➔ Credit

1 answers

What is hindering them from doing what? A secured creditor has a claim against certain assets to back the debt. Examples include a mortgage (backed by the house) or an auto loan (backed by the car). There is something the can repossess if you default.
Hindering means 'preventing some one from doing something'.
I'm not sure what they are being prevented from doing.

2006-08-05 11:00:42 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋