If you find yourself looking for a loan, you’ll likely be getting a secured personal loan. A secured personal loan can be used for a variety of reasons, from paying off student fees to buying a new car… but they all have a few things in common. Any secured personal loan that you get will require you to put down a security deposit in the form of property (which is known as collateral), which helps to assure the lender that they’ll be getting their money back. Collateral is also a good incentive for paying back your loan, after all, you do not want the lender to have to sell your property because you didn’t pay them what you owed.
Examples of a secured personal loan
Any loan that you take out for yourself that has some sort of property attached to it is a secured personal loan. You could be borrowing money from a bank and using gold jewelry as collateral for the loan, or you could be purchasing a new house with a mortgage through a finance company… either way, if you don’t pay back what you owe then you’re going to lose the property in question. Automotive financing, title loans, and pawn shops also fall into this category, though pawn shops are a bit more of an extreme example of the secured personal loan.
Advantages and disadvantages of a secured personal loan
For the most part, interest rates are lower with a secured personal loan that they are with other types of loans. The reason for this is the collateral that you offer… the lender knows that it is going to get its money back one way or another, so its able to be a bit more flexible with its interest. If the loan were unsecured (meaning that there was no collateral required), the interest rates would likely be much higher.
Another advantage of a secured personal loan is that they’re much easier to get than unsecured loans. After all, the collateral serves as a guarantee that the lender will be getting their money back… that makes them more willing to offer loans to people with questionable credit. Should you default on the loan, they still won’t lose the money that they lend you (though they will have to go through the trouble and expense of possessing the collateral and selling it.)
The main disadvantage of a secured personal loan is the penalty for defaulting on the loan… losing your collateral. In some cases this isn’t as bad as others… after all, it’s much better to lose some rare coins than it is to lose your house. With fast and consistent repayment, however, this drawback can be easily avoided. The fear of losing your collateral can even be turned into an advantage after all, you have a wonderful reason to make all of your payments on time.
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About The Author
John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the http://www.directonlineloans.co.uk website.
When the Bible speak of circumcision, what does it really mean? Some say it’s the cutting of one’s private part of the body, some say it’s the matter of the heart. We must first understand that there are two very important facts surrounding this subject. One is that in the Old Testament men were under the law, and now in the New Testament men are under the Grace of God. Lets see what the Bible say about being circumcised. Let’s start with the book of Genesis 17:9 it says Then God said to Abraham, As for you, you must keep my covenant, you and your
descendants after you for the generations to come. This is my covenant with you and your descendants after you, the covenant you are to keep; Every male among you shall be circumcised.
Look at what the book of Romans 4:11 tell us it says And he (Abraham) received the sign of circumcision, a seal of the righteousness that he had by faith while he was still uncircumcised , so then, he is the father of all who believe but have not been circumcised, in order that righteousness might be credited to them. And he is also the father of the circumcised who not only are circumcised but who also walk in the footsteps of the faith that our father Abraham had before he was circumcised.
Now look at Galatians 3:6 it says Consider Abraham; He believed God, and it was credited to him as righteousness. Understand, then, that those who believe are children of Abraham. Look at Galatians 3:10 it says All who rely on observing the law are under a curse, for it is written; Curse is everyone who does not continue to do everything written in the Book of the Law. Clearly no one is justified before God by the law, because, The righteous will live by faith. The law is not based on faith; on the contrary, The man who does these things will live by them. Christ redeemed us from the curse of the law by becoming a curse for us, for it is written; Cursed is everyone who is hung on a tree. He redeemed us in order that the blessing given to Abraham might come to the Gentiles through Christ Jesus, so that by faith we might receive the promise of the Spirit.
Look at 1Corinthians 7:19 it says Circumcision is nothing and uncircumcision is nothing. Keeping God’s commands is what counts. Each one should remain in the situation which he was in when God called him.
Now look at Romans 2:29 it says No, a man is a Jew if he is one inwardly; and circumcision is circumcision of the heart, by the Spirit, not by the written code. Such a man’s praise is not from men, but from God.
Look at Colossians 3:9 it says Do not lie to each other, since you have taken off your old self with its practices and have put on the new self, which is being renewed in knowledge in the image of its Creator. Here there is no Greek or Jew, circumcised or uncircmcised, or barbarian, Scythian, slave or free, but Christ is all, and is in all.
In closing look at Galatians 2:15 it says We who are Jews by birth and not Gentile sinners know that a man is not justified by observing the law, but by faith in Jesus Christ. So we, too have put our faith in Christ Jesus that may be justified by faith in Christ and not by observing the law, because by observing the law no one will be justified.
Now look at Hebrews 10:35 it says So do not throw away your confidence; it will be richly rewarded. You need to persevere so that when you have done the will of God, you will received what he has promised. For in just a very little while, He who is coming will come and will not delay. But my righteous one will live by faith. And if he shrinks back, I will not be pleased with him. But we are not of those who shrink back and are destroyed, but of those who believe and are saved.
Love Always,
Your Sister in Christ,
Mellody Davis
Enjoy more reading at: http://www.hostinghelps.com/allaboutjesus
I know people in my life who when asked how are things going, will reply, “I’m living the dream.” Can you say the same? If you could, what would it mean?
As far back as Sigmund Freud, psychologists have been saying that there are two major areas in a person’s life—love and work. When you are “living the dream,” you will be able to say that you have found satisfying work and are fulfilled in the relationships you share with the important people in your life.
Now, I ask again, “Are you living the dream?” Let’s talk about work first. When you wake up in the morning are you filled with a sense of excitement and anticipation for what your day at work has in store for you or do you have a sense of dread about what lies ahead? Of course, these are two opposite ends of the spectrum and more than likely you fall somewhere in between.
As a parent, I always advised my children to choose a profession that they love because they will be spending a lot of their time doing it. I don’t want them to be one of many who hates their job and dreads going to work every day. That is a terrible burden to bear.
So, what can you do if you are one of those people?
Have you discovered your definite purpose in life? We were all placed here on earth with a variety of gifts that will help us make the world a better place to live. We all have unique skills, interests and abilities that will add to the good of mankind and fulfill our own inner desires, as well. What is your unique, definite purpose?
I believe mine is to help people learn to lead more satisfying lives and to get along better with the important people in them. That’s what I do. I love to do it. I am energized when I do it. And although I generally get paid for the things I do, I love doing them so much, I would do them for free! This is what I wish for everyone in the area of work.
Many of us are living the dream but it is someone else’s dream. Are you working for the “man” without any pay off? What do I mean by a pay off? Why do you get up and go to work everyday? What motivates you? If it is only the paycheck, then you are living someone else’s dream.
Your work should be something that motivates you, gives you pleasure, provides something valuable to others and is in line with your definite purpose. If that doesn’t describe your work, you may want to take some time to reevaluate. You may think you are too old to change careers now or to go out on your own. However, in ten, fifteen or twenty years you are still going to be the same age whether you invest in your own dream or not. So what’s stopping you?
Now, let’s look at your relationships. What is the state of your current relationships with the important people in your life? I suppose I should start with the question: Do you have important people in your life? Hopefully, the answer to that question is yes, but if not, there is help available. You can improve your relationship skills and learn to make new friends and develop those relationships to their fullest. Everyone needs to have human contact in order to survive.
Some of us have companionship but we are unhappy in these relationships. How can you live the dream when you feel miserable around the people who are supposed to be supporting and encouraging you? Getting our relationships in order is a critical task that too many ignore. We look around us and see lots of other people in unhappy or mediocre relationships and we tell ourselves that is just the way it is. No one is truly happy. That is not true.
Creating healthy relationships is a matter of choice. You are not destined to be in a miserable relationship. Do you remember what it was like when you first got together? It was more than chemistry. There was something between you that made you know each other was special. You can regain that feeling.
Most of us never learn healthy relationship skills. We think it is something we are just supposed to know how to do but how good were our teachers? Shouldn’t you learn relationship skills from someone who has strong relationships and who knows how to maintain them?
Living the dream is not just for a few select individuals. Every single one of us is entitled to live our dream. It is possible and we have a right to be happy and satisfied. Here are some steps you can take:
1. You must clearly examine whether or not you are happy and satisfied with your current life’s work and your relationships with the important people in your life. If you are, then congratulations are in order and you need to read no further.
2. If you are not satisfied, then you must clearly delineate what the problems are and the source of your unhappiness.
3. Next, you must identify a solution over which you, yourself, are in control. That means you must formulate a solution that doesn’t involve someone else doing something differently. You know what I mean. “I could be happy if my wife would just cook dinner every night”. “I would love this job if only the boss would get off of my case.”
4. If you are unable to think of a solution that is solely up to you, then daydream about what the perfect job or the perfect relationship would look like. How would you be, what would you have and what would you be doing? Assess your interests, skills and abilities to uncover your definite purpose. What is it you were destined to do?
5. Once you have your ideal picture in your mind, ask yourself what is stopping you? What would you have to give up to move in the direction of your dream? What obstacles do you face? What do you fear?
6. Now you must formulate a plan that has a reasonable chance of success. I’m not suggesting that you file for divorce or quit your job. What I am saying is come up with a plan that will move you forward in the direction you want to go. You can take small, baby steps as long as you do something each day that will move you along the path of living your dream.
7. The final step is to develop the strength to actually take the action you planned in Step 6. Making a plan is great but it will never accomplish anything if you don’t take action. Les Brown tells us, “You don’t have to be great to get started; but you have to get started to be great.” Do something.
If you are having difficulty with any of these steps, then perhaps coaching would help you. Coaching provides just the right balance of support and encouragement with challenge and accountability. You decide. Do you want to live your dream or someone else’s?
