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BENEFITS OF SECURED PERSONAL LOANS
Below are some basic benefits of applying for a personal
secured loan as opposed to an unsecured loan.
Interest rates
The rates associated with secured loans are almost
always lower than unsecured personal loans. This will
allow you to save money over the entire life of the
loan. The money saved in interest will also allow you to
borrow more.
You are guaranteeing your loan
When you apply for a secured loan, you are securing
your loan with some sort of collateral. Meaning, if you
neglect to make your payments for your loan, you are
going to lose whatever property you have put up as
collateral. Because of this 'guarantee' of payment,
secured loans are much easier to get approved for. As
mentioned, interest rates associated with these types of
loans are also lower.
Many people are reluctant to apply for secured loans in
fear of losing the property they use as collateral as a
result of non-payment. Below are a few tips to consider
that will help you avoid going into default on your
personal secured loan.
-- Never borrow more than you can afford. If you are not sure what you can
afford, we suggest you utilize the
personal loan
calculator and/or
contact us for financial advice.
-- We offer 'payment protection' plans for all of the secured loans we
offer. These plans will take over your repayments if
something happens to you that prevents you from making
your payments. Often, things happen in life that are
beyond our control. 'Payment protection' plans should
always be considered so that you can protect your
property and more importantly, your family.
In conclusion:
- Qualifications for secured loans are much less strict
than they are for
personal unsecured loans. The
collateral used as a security allows individuals with
bad credit histories to get approved for personal loans
they need with virtual ease.
- The terms and interest rates associated with secured
loans are more favorable than any other type of loan.
You will likely be able to borrow more for a longer
period of time with when you apply for secured loans.
- A secured loan allows you to free up equity in your
home that would otherwise not be used.
- Personal secured loans allow you to borrow money that
would normally either not be available or take you a
long time to save.
- The secured loans we offer can be used for anything
you want! You can
buy a car!
Pay off debts! Take a
vacation! Or for whatever your needs are!
CLICK HERE TO APPLY FOR A SECURED LOAN!
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