[money] Carol Vorderman Please Stop Doing Secured Loan Adverts! … ‘We the undersigned kindly ask Carol Vorderman to please stop doing adverts for secured loans. Advertising works, that’s why companies pay for it, and over time her powerful adverts will have contributed to the growing normalization of this form of borrowing. We believe this is truly worrying, as secured loans should only ever be seen as loans as last resort.’
Carol Vorderman Loans Petition
This entry was posted on Thursday, May 4th, 2006 at 7:07 pm and is filed under Money.
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Okay, so what are “secured loans” in UK parlance? I gather they must be something other than secured loans as I know them. Interest rates on secured loans are always lower than on unsecured loans here in the US, because there’s less risk to the lender, so the part about rates being “often higher” is particularly mystifying.
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