|
|
| Sitemap • Directory • |
|
| |
- Secured Loan - |
|
|
| |
Put simply, a secured loan is a loan where the borrower must stake an item of property as collateral to act as assurance that he will honour his commitment to repay it. The property is most commonly the borrower's home, which is why secured loans are often specified as being home owner loans. Secured loans might be the only chance of getting credit for a borrower who has a poor credit score or is for other reasons considered a high-risk case. The collateral gives assurance to the lender that the loan will be repaid, and actual cases of homes being possessed by the lender are relatively rare.
|
|
|
Use our layman jargon buster to decipher other key industry terminology.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
|
|
|
| |
| |
| Think carefully before securing other debts against your home. Your home may be reposessed if you do not keep up repayments on your mortgage or any other debt secured on it. Loans secured on your home. |
| |
 |
 |
 |
 |
|
 |
|
 |
|
Licensed credit broker authorised by the Office of Fair Trading. Registered members of CFB, FISA, FSA, Data Protection Act 1984 |
|
 |
| Processing by LL Processing (UK) LTD, Intec 4, Wade Road, Basingstoke RG24 8NE |
© 2007 LoanLine - Secured Loan |
|
About Us 
