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A secured loan is any loan that is secured on your home or property. Secured loans are more easily accessible to those with a poor credit record. This means that persons who are self-employed, or who have recently changed jobs, or who have poor credit can take out a secured loan. Debt management program providers arrange debt consolidation loan for consolidation of your existing debts. With a debt consolidation loan amount you can consolidate all your existing debts. So that now you have to make a single monthly repayment installment instead of paying each debt separately. Also this saves lot of your money as the interest rate is much low as compared to what you are paying on all your debt in total. Debt management program combined a with debt consolidation loans serves you faster and better in eliminating all your debts.

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