security risks

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As with any form of borrowing, there are risks and Arrow Loans aim to educate borrowers before offering to lend to them.

Secured loan, what is it?

2017-02-22T15:06:20+00:00Tags: , , , , |

Simply put, a secured loan is only available to property owners (with a mortgage), where the lender retains security against your house to get its money back if you can't repay. The 'secured' bit means the lender gets 'security' not you, so if there are problems it can repossess your home but only as a last resort. [...]