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Image shows what you need to know about secured loans, including a good way to build credit, provided you go through a reputable lender (like a bank). Types of secured loans include mortgages and car loans. It’s important to carefully consider what you’ll use as collateral, and make sure you can make your payments. Generally intended for those who have been denied unsecured loans. Be careful not to overextend yourself—the plan might backfire.
Secured Loans: Are They Worth Using to Get Cash?

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