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Adverse description Loans
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There are basically two types of loans available, secured and unsecured loans. Secured loans are mainly for homeowners because the borrower uses their home as security or collateral adjoining the loan. This is a relatively low risk for the lender because they are protected in the issue of the borrowers inability to pay off the press forward the outcome is that combination rates are demean for secured adverse description loans. Unsecured loans require no pledge of collateral to secure the debt but because this represents a progressive risk for the lending company, raptness rates are higher.
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