April 11th, 2012
Secured loans have collateral, which is the obvious difference between secured and unsecured loans. This difference carries a number of consequences, however. The bad is that the application process takes longer for secured loans because the collateral needs to be appraised and approved?but that is not why people use them. The real people use them is that by going through the hassle of collateral you get an easier time with loan approval no matter what your credit history is, and you save money with a lower interest rate. You get these benefits because it is easier to believe you will make your payments on time since you were willing to put up collateral to secure the loan.
Entry Filed under: Finance
nate mcmillan clooney arrested southern miss uconn rod blagojevich rod blagojevich ncaa march madness
No comments:
Post a Comment