What are secured loans?
Secured loans are those loans for which one has to give collateral to attain it.
What is bad credit?
Bad credit is the situation of a person when his credit worthiness is not good.
What is a personal loan?
The loans whose proceeds are to be used in personal purposes and not for any commercial purpose are known as personal loans.
What is APR?
Annual percentage rate is known as APR. It constitutes rate of interest plus other charges the loan has.
Can persons with bad credit history apply for these loans?
Yes, persons with bad credit history like – persons with CCJ, IVA, arrears, defaults or bankruptcy can apply for these loans. |
