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The secured loan is favoured by many UK residents seeking credit for a number of reasons: - A secured loan is far easier to obtain than unsecured loans. The added security that this type of loan gives the lender means that even those with a less than perfect credit history can get hold of a secured loan with relative ease. - A secured loan is often offered with more favourable terms than other types of loans. With secured loans it is also far more likely that you will be able to borrow a larger amount of money and pay it back over a longer period of time. - A secured loan can help you to free up equity that would otherwise remain dormant in your property, letting you make use of capital that would otherwise remain unobtainable. - The interest rates on secured loans are often considerably lower than those offered on unsecured loans. - A secured loan will enable you to get your hands on money that would otherwise take a long time to save up, allowing you the freedom to spend it on whatever you want. - A secured loan can be used for any purpose such as; paying off debts, making home improvements, buying a new car, luxury holiday or anything you choose! You may freely reprint this article provided the author's biography remains intact: John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the http://www.directonlineloans.co.uk website. See Also: Payday loan: A Complete overview What is a Personal Secured Loan? Mortgage Loan Basics: Interest Only Loans, Pay Option ARM Get the Facts Before You Borrow: Payday Loan 101 |
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