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Why Get A Loan?

I grew up believing that Loans are a bad thing. Which is true most of the time. Unmanaged loans can lead to financial instability and bankruptcy.

There are two kinds of loans I can think of from the top of my head (well, at least the main reason why I should take one.) One is Personal Loans and the other one would be for Business loans.

Though I haven’t apply for one, I guess the mos probably load that I would go for is for the business loan. I would use the money to put up my own business. I would probably apply for a secured loan for the best value of my money. What is secured loan? We’ll discussed it further below.
Like I said in one of my post, Leverage, you can actually make loan work for you if you know what you’re doing. But if have a bad history of credit, probably the only loan you could apply or is the bad credit loans

For those who are good payers and good borrowers, secured loans is the best way to enjoy the value of you money because of a more competitive interest rate. Why is that you might ask? Well, simply because lenders can afford to offer lower interest rate since the loan is secured against an asset.

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