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Repossession on unsecured loan?

from Idob (idob@dutchdirect.u-net.com)
Following up on my previous message: I now understand that a creditor can reposses your home, through the court, even if the loan was not secured on any property. What then is actually the point of having an unsecured loan, rather than a (lower-interst rate) secured loan??? Or do I miss the point.

Idob

(posted 8805 days ago)

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