subject: Secured Loans – Top One Reason to Avoid Unsecured Loans [print this page]
I know how it feels trying to use one's house to collate secured loans and not being able to pay back at the specified time. I can't just have a second thought over this issue because of the fact that many have gone through a lot of things before they can get their houses up and running.
Having in mind all the things one went through in getting a house will not let one part away with his or her house for a mere loan, I know that is why you don't want to take up secured loans; but the fact remains that this type of loan is still the best loan for people. The reason why you have to part away with your precious need is because the lenders want to be sure they are dealing with serious people who will return their money at the specified time and pay their interest according to the agreement.
If you do not want to risk your precious property then I will advise you to take an unsecured loan but the problem is that you might be turned down tens of hundreds times because the lenders are dealing with people they don't know no matter the documents you used in trying to procure the loan. I don't personally blame them because they have been duped by many people who seem to be real people that can repay the principal because of their numerous documents that shows they can't run away which are just fake documents.
Secured Loans Top One Reason to Avoid Unsecured Loans
By: ijiyemi O. Bamidele
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