A lien may be a voluntary lien (such as a mortgage, trust deed, or other pledge of collateral). A lien may be an involuntary lien (examples: court judgment lien [abstract of judgment], or tax lien).
A secured debt is a debt by which the creditor / lender has the right to pursue specific pledged property upon default of an obligation.
Because there is property or an asset backing the debt, the lender can often loan money at a lower rate than a higher risk unsecured debt money loan, e.g. credit card.
Car and vehicle loan installment debts are typically secured debts.
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