Consolidating loans from different lenders


11-May-2017 17:17

Secured personal loans are short-term forms of credit which are linked to a form of collateral.

In order to access these small loans, borrowers offer a valuable item, such as a vehicle, real estate, or a paycheck, in order to leverage the loan.

This can include items such as artwork and expensive wine.

The entire purpose of collateral is to give a lender something to sell to pay for the loan in case the borrower defaults.

If you do not qualify, we will do our best to find you alternative forms of financing.The monthly repayment cost will be the result of the interest rate offered by the lender.Interest rates are calculated by factoring in the amount requested, the risk associated with the loan (i.e.Borrowers without a car or home are not without personal loan options.



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