Best way to apply for a loan: Make a picket sign.
For anyone looking for a loan, watch out. Wikipedia points out an important fact about secured loans.
A secured loan is a loan in which the borrower pledges some asset (e.g. a car) as collateral for the loan.
This means that they can take and sell whatever you pledged if you slip up and can’t make a loan payment. The only thing the lender can do if you have unsecured debt is make a black mark on your credit history. Bad credit still sucks but losing your stuff sucks more.
Related links: Unsecured UK loans
Secured Loan [Wikipedia]
Unsecured Loan [Wikipedia]
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