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A secured loan means that the borrower has to pledge an asset that he owns, with the lender of the loan. These may include loss of property at stake (if any), CCJs and bankruptcy status. Usually unsecured loans have a repayment period of 10 years. The lenders have also made a provision with unsecured personal loans UK for tenant. Personal loans are a greater help to people who have had bad credit history i.e. people like: � CCJs
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