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Payday loans are one of the poor credit loan In case of payment default the lender can recover the loan by selling borrowers property as collateral online loan with no credit check Investing this saved money in cash earning assets can. In cases where the loan is a secured loan you may have to personally meet the representative of the lenders and also sign agreements regarding the collateral. Payday loans, as the name suggests, have to be repaid on or after the up coming payday i need money now Proper financial planning is the only way which can help people with bad credit to repay high risk loans as they might have to cut down unnecessary expenses. One common type of secured loan is a home equity loan or HELOC ( home equity line of credit), where the borrower uses the value of their