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Adverse explanation 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 next to the loan. This is a relatively low risk for the lender because they are protected in the situation of the borrowers inability to pay off the money up front the consequences is that concentration rates are subjugate for secured adverse report loans. Unsecured loans require no pledge of collateral to safe the debt but because this represents a highly developed risk for the lending company, concentration rates are higher.
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