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WitrynaA secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral, and if the borrower defaults, the creditor takes possession of the asset used as collateral and … WitrynaThe first thing you must do if you’re buying a home with bad credit and no down payment is prove you can make mortgage payments, despite what your credit history … border entry requirements nt
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