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Loans

When getting a loan you need to make sure that you don't borrow more than you can afford to pay back.

However loans come in two forms, unsecured and secured. Unsecured loans are very expensive, and very difficult to obtain (except if you borrow money on a Credit Card in which case it is easier to get).

Secured loans are still fairly expensive, but much easier to obtain, and have the major problem that if you can't pay them back, the thing they are secured against is usually sold cheaply to help recover the debt quickly. As this is usually your house, the consequences can be very serious.

Another problem is having to go to work until you have finished paying off the loans.

The best way to pay for things is from savings, but if you are still interested in loans, here are some people who do loans:

  • Accepted Secured Loans
  • Chase Saunders Secured Loans