What if you can get cheap interest rates despite a bad credit rating? Yes, you may get one by providing one of your assets as collateral for the loan. Now, you must be thinking- what do you mean by collateral? It is an additional security in the form of property, …
Secured debt involves borrowing against an asset in the UK marketplace. Here, the asset serves as collateral for the loan. You may lose the asset if you don’t clear the payments on time. A secured loan may offer you the flexibility of securing a low interest rate. However, the risk …
Continue reading “Secured Debt: What It Is And How It Works”