Heartfelt and well-intentioned though it certainly seems, This is Not a Cure for Cancer” is not an engaging or artful piece of theater. That is not to say it is without craft nor lacking in artifice; throughout the performance, video projections, props and costume changes shift the setting and the emotional tone—in a direct, unsubtle but efficient manner. The more-than-capable large supporting cast is more than game in ensemble moments as brain cells and cancer cells and even enjoyable in individual turns as health care practitioners and game-show hosts. The disparate scenes provide cursory introductions to facets of the disease and controversies over varying treatment options.
An unsecured loan is usually more difficult to secure from a financial institution or bank because the lender has no recourse in case of non-payment. An unsecured loan can only be obtained after the lending institution or bank performs a thorough analysis of the borrower’s creditworthiness. Usually, only potential borrowers with very high credit ratings will be approved for an unsecured loan. These types of unsecured loans are often called signature loans or personal loans because they are based on the merit of the individual in question.
Because an unsecured loan poses a larger risk for the lender, unsecured loans generally carry higher interest rates than secured loans. Even so, sometimes unsecured loans from certain banks or lending institutions can carry a lower interest rates than credit cards. Many savvy borrowers establish unsecured loans as a type of revolving line of credit, giving them flexible financial options for short-term needs. Borrowers must be very careful with short-term unsecured loans, as they often come with a variable interest rate that can leave imprudent people caught short if not carefully monitored.
The interest rates of secured and unsecured loans are measured with the Annual Percentage Rate (APR), this is an imperfect but apt measure of the actual interest charges you will incur over the year. The Annual Equivilent Rate (AER) is an exact measure, and is usually higher than the APR, but lenders are only required to state the representative APR of their loans (UK only). The difference is only small, and therefore APR is a reasonable figure to use to compare the interest costs of borrowing.
One defining difference between secured and unsecured loans is the speed of applications. Due to the simplicity of an unsecured loan, small and high interest loans such as payday loans can be applied for online or in-store and issued within 1 hour, which is mind boggling compared to 30 years ago. This means unsecured loans are much faster than secured loans. This is possible because with high interest loans, full credit checks are not necessary and the loan is effectively ‘secured’ against your next salary, by way of a direct debit timed to come out as soon as your wage enters your bank account. This clearly shows that unsecured loans can be obtained faster secured loans.
Historically speaking, secured loans carried higher brokerage and paperwork fees, along with more draconian terms & conditions and this made them an option of last resort. But interestingly, despite the fact that secured loan applicants are therefore likely to have been turned down elsewhere, you are more likely to be accepted for a secured loan than almost anything other type of loan. This is because the security given to the lender reduces the negative effects of a bad credit profile. Therefore your chances of being accepted for a 17.9% secured loan is far higher than a 17.9% unsecured loan.
The fast no collateral loans offered by paycheck advance lenders require no credit checks and no debt to income ratio investigation by the lender regarding the borrower. However, the larger no collateral loans are tied to a customer’s credit score and debt to income ratio. The lenders offering these money advances are much more liberal on their lending policies than banks and credit unions, but they also do not give loans to anyone with just a picture ID and a checking account. In other words, these kinds of quick unsecured loans are for those with some grass stains on their borrowing records but have not been rolling in the mud so to speak. The combination of lower credit scores, higher debt to income ratios and no collateral requirements means that the cost of these lending agreements will be very high.
There are advantages to lending avenues that are not secured that favors the lender. One of these advantages include being able, to secure money without having an extremely positive credit rating. Unsecured means also have a time frame that is sooner than that of most other funding avenues, making it easy for an individual quickly gets out of debt. This can save the lender money above time, as well as the sum of interest that will have to be paid off along with the debt itself.
In short, if we consider the difference between secured and unsecured loan , there are three elements to consider. The first is the possibility of a lower interest rate with a secured loan, which does not find an unsecured amount of money. Secondly, a guaranteed fund has security that is not the case with unsecured amounts. Finally, amount time duration of each fund output gain. Considering all these factors and get professional advice from an experienced lender or finance company will help you make a choice to make financially possible for you and your family.
Please, please, please be sure to make sure you can afford a loan before taking one out. If you are struggling with debt please speak to the brilliant people over at Stepchange (call free from a land line on 0800 138 1111 or go to their site and ask for a free callback ) or National Debtline (call them for free from a land line on 0808 808 4000 or use their online web chat service ) who will be able to give you free advice.
If you want to borrow money then you apply through a peer to peer lending site like Zopa or RateSetter This is an unsecured loan and you can ask for anything from 1,000 up to 25,000. The shortest term is usually one year and you will the maximum is five years to pay the loan back. Peer to peer loans will charge an APR from 5-8%, depending on how much you want to borrow, over what time period and depending on how good your credit score is.
There is a much longer time period to pay the mortgage back and it’s normal for the repayment period to be 25 years but it could be longer or shorter. You also won’t generally be able to get a mortgage for 100% of the property value so you’ll need to save up a hefty deposit (oh and have a good credit rating too!). The initial interest rate could be as low as 1.5% but could go up to 5% APR or higher. It depends on your circumstances and how much you want to borrow.
There is two types of mortgages. You can either apply for a repayment mortgage where what you pay back goes towards the initial amount you borrowed plus the interest. By the end of the mortgage the whole amount is then paid off. The other type of mortgage is an interest only mortgage whereby the repayment you make pay towards the interest only. When the mortgage comes to an end you then had to repay a lump sum the same as the initial amount you borrowed.
Secured loans : Rates start from 7.3% APR. We also offer a range of products with rates up to 26% APR, which allows us to help people with a range of credit profiles. 15.3% APR typical variable. 2 out of 3 customers will receive this rate or lower. Ocean Finance arranges secured loans from a panel of lenders. Ocean will receive a commission from the lender upon completion. A fee of 12.5% of the net loan amount, capped at 2975, is payable upon completion. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.