Is a Secured Personal Loan Possible?
You have a credit history: Believe it or not, certain parts of your credit score may be in better shape than you think. You see, your score is made up of several credit factors or components that together form your score. One of those components – a full 15% of your score – is your length of credit history. Good or bad, the longer you have had credit, the better that part of your score will be. So, see, you are already better off (at least in that one area) than an 18-year old who is just starting on the path to building a credit history. Give yourself a star! 2. You want a secured loan: Since you are looking for a secured loan, you have an advantage over people with bad debt who are looking for an unsecured loan. By taking out a secured loan, you are offering some form of collateral to your lender. This means you are less of a risk to them than if you were taking out an unsecured loan. 3. You have access to bad-credit personal lenders: To catch fish, you need to make sure you have fou
