The Security of Secured Loans
Consider this scenario:
Max wants to pay for a new automobile, but he doesn't have the funding. Thus, he asks his friend Veronica for a "loan". She's hesitant at first, but finally agrees to give him £2,000 with the understanding that she'll be paid back. They seal the deal with a handshake.
Ten months later, Max has his car, but Veronica has only seen £250 of her loan. Though Max keeps telling her that "it's coming", she begins to realize that she may have to consider legal action or simply accept that she's "out" the rest of her money.
Who has the security in this situation? Certainly not Veronica. And Max could find himself on shaky ground if she decides to pursue formal recourse.
Basically, no one wins.
*******
Believe it or not, this type of "unsecured" loan happens all the time, and it often ends in disaster. Legal remedies have to be sought, agreements have to be discussed ad nauseum, and relationships become strained to the breaking point.
To eliminate the stress of such a sticky situation, we at www.dbsfinance.co.uk strongly recommend you consider taking secured loans the next time you find yourself in need of cash for emergencies or expected occurrences.
With secured loans, you'll have the peace of mind that comes from working with a licensed, bonded financial institution. Not only will you have a detailed contract when you apply for secured loans, but you'll also be assured of the validity and authority of the transaction.
Yes, you can still ask friends and relatives for a few pounds now and then, but when you need a large lump sum, it's best to obtain secured loans rather than risk losing a valuable friendship or partnership.
Contact the friendly, knowledgeable professionals at www.dbsfinance.co.uk today to find out more about secured loans and the many options they present for you.
Auther by Bruce Stander
posted by komkum at
10:44 AM
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