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Personal loan
What is a secured personal loan?
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[QUOTE="Yusra3, post: 296057, member: 31907"] A secured personal loan is a type of personal loan that requires collateral, such as a car or house. The lender will require you to put up the collateral in order for them to approve your loan. The reason for requiring collateral is simple: the lender wants to avoid having to deal with someone who is short on funds and can't pay back their debt. This can be very damaging for them and their business, so they prefer not to take on this risk. If you have strong credit and an excellent income, then it's possible that you will qualify for a secured personal loan. It all depends on how much money you need and what kind of collateral you want to put up. [/QUOTE]
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What is a secured personal loan?
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