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Disadvantages of a secured loan The amount you personally can borrow via a homeowner loan will depend on your income, your credit score and your existing credit commitments, as well as the amount of equity available in your property. Even though a lender offers loans of up to £100,000, you may only be able to borrow a fraction of that amount as a result. As with personal loans, the interest rate you are offered will also vary depending on the state of your credit file. Other disadvantages include that your property could be repossessed if you default on the repayments. That’s a hefty incentive to stay on track with your repayments. payday loans, payday loan, loans, payday, bad credit, bad credit loans, payday loans for bad credit, fast loans, loans for bad credit, payday loans online, fast cash, cash, cash loans, payday loans with low apr and easy repayment options, payday loans no credit check, instant payday loans, car title loans, installment loans, loans, Student Loans, college, graduate, school loans, loan debt, school debt, college debt, money, finance, borrow money, federal loans,