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Secured consolidation loan
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If it's a secure loan for consolidation then no the new lender issuing a few cheques isn't dodgy. If this person is determined to secure a whole bunch of debt to their home then I hope, at the very least, it's not one of those secured loans with a variable interest rate because those rates only seem to vary one way and that's up.0
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This happened to me on a personal loan about 15 years ago. I thought it was an emminently sensible idea.£1000 Emergency fund No90 £1000/1000
LBM 28/1/15 total debt - [STRIKE]£23,410[/STRIKE] 24/3/16 total debt - £7,298
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