Secured Loans – Maybe A Risky Last Resort

imageA secured loan, or a loan where the borrowers home is held as collateral, should usually be used as a last resort when all other options have been ruled out. The reason secured finance should usually be reserved as a final option is because a secured loan is a large risk for the borrower. In the case that secured finance is unable to be repaid according to schedule, the borrower will lose his or her home.
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This entry was posted on Thursday, April 15th, 2010 at 9:21 am and is filed under Security system. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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