Is Snap On Tools Secured or Unsecured?
Does anyone know if Snap-on tools secured or unsecured? My husband payments are past due because he was laid off for a while. If they are unsecured I know that we can settle his account at a cheaper balance. Anything secured has to be paid in full.
Tags: snap on tools
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April 24th, 2009
Read the contract he signed when he bought the tools. I guarantee it states if they have the right to repossess the tools in case of default. That is the definition of a secured loan.