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"I owed nearly £40,000 on loans and credit cards. and didn't know what to do or who to turn to ...."
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Secured loans - what are the implications?
Secured lending should be considered when an individual is unable to consolidate using unsecured lending:
1) When total debt is over £25,000
2) When the borrowing is too high risk for unsecured lending
3) When the monthly repayments on an unsecured loan are too expensive
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