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    about secured loans, as they are uncovered and explained for the “non-financial professional” person to understand.

    First and foremost is the term “secured loan”. The word “secure” means “free from risk”. Security in this sense is in regards to the lender. A secured loan is money granted with something (like a house, boat, car) held as collateral. Simply put, if you don’t pay your loan as arranged, the financial institution that gave you the loan has the right to come and take your property

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