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Unsecured LoansAn unsecured loan, or an unsecured personal loan, does not use your home or vehicle as collateral for the loan. An unsecured loan is best suited to people who do not own their own property, such as council or private tenants or people living with parents, although they are also available to homeowners. Even if you have a bad credit rating or poor credit history, you could still be approved for an unsecured loan with Yes Loans. Unsecured loans may appear in many different forms depending on your unsecured loan requirements:Loans For Tenants Unsecured Tenant Loans Tenant Loans Bad Credit Loans Poor Credit Loans Adverse Credit Loans Unsecured Personal Loans Unsecured Car Loans Secured LoansA secured loan, or a home loan, is tied to your property, this enables lenders to offer a higher loan amount often at lower interest rates. However, you will need to be sure that you can re-pay the loan as your property may be at risk if you cannot repay the amount you borrow.A secured loan may be a good way of reducing your outgoings by consolidating more expensive borrowing, such as credit cards or store cards. You may also be able to raise more money than if you take out an unsecured loan. Vehicle LoansIf you own a car you may be able to secure the loan against it. This can be a good way of raising money quickly, as many of the criteria for lending you money can be relaxed. If you need emergency funds, or want a short term loan, a Vehicle Loan may be just what you need.MortgageA 'mortgage' is a loan secured against your home. 'Secured' means that if you do not keep up the payments, the lender can sell your home to get its money back.Remember: Your home may be repossessed if you do not keep up repayments on your mortgage. |
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