Collateral – is some types of your home which guarantees the lending company you will repay the cash.

Collateral – is some types of your home which guarantees the lending company you will repay the cash.

Guarantor – is a person who sings the contract this provides his guarantee which you will repay the mortgage. Pay day loans are unsecured this means to have advance loan you don’t need either a guarantor or collateral.

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