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Everything You Always Wanted to Know About Secured Loans Since the very first bank in the world opened its doors in 14th century Italy, lenders have been asking for some sort of collateral in order to lend a borrower a sum of money. If the borrower doesnt repay the loan, the lender merely takes the collateral as payment. This system of borrowing money is now referred to as a secured loan in the lending industry and is practiced by a vast majority of financial institutions around the world. No

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