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Adverse explanation 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 against the loan. This is a relatively low risk for the lender because they are protected in the concern of the borrowers inability to pay back the fee the consequences is that engagement rates are belittle for secured adverse credit loans. Unsecured loans require no pledge of collateral to safe the debt but because this represents a innovative risk for the lending company, concentration rates are higher.
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