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Adverse version Loans
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There are basically two types of loans available, secured and unsecured loans. Secured loans are mainly for homeowners because the borrower uses their house as security or collateral against the loan. This is a relatively low risk for the lender because they are protected in the matter of the borrowers inability to pay back the progress the outcome is that combination rates are lower for secured adverse tally loans. Unsecured loans require no pledge of collateral to safe the debt but because this represents a innovative risk for the lending company, concentration rates are higher.
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