Shared Liabilities: If someone pays all or part of a liability in your name, we'll need documentation to support that. Low Credit Score: If your credit score doesn't meet our minimum requirements, we'll require additional collateral.
1ˢᵗ Franklin Financial offers loans up to $15,000.
Are secured loans easier to get? Generally speaking, yes. Because you're usually putting your home as a guarantee for payments, the lender will see you as less of a risk, and they'll rely less on your credit history and credit score to make the judgement.
Popular collateral loans are offered by companies like AsiaLink Finance and traditional banks such as Security Bank, Metrobank, BDO, and others.
1ˢᵗ Franklin Financial offers loans up to $15,000.
Low Credit Score: If your credit score doesn't meet our minimum requirements, we'll require additional collateral.
Why is a Mortgage Secured Debt? A mortgage is what's called a secured debt because it is backed up by collateral. In this case, the collateral is your home.
1ˢᵗ Franklin Financial offers loans up to $15,000.