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Consumers who wish to take loans have the option of taking unsecured or secured loans. Though much depends on their credit scores and their past record on how they have been meeting their repayment obligations and the discretion or decision of the lender in making available the kind of loan they want, the choice does exist. Forbrukslĺn med sikkerhet are lent on much lower interest rates since the lender has something to fall back on to recover his amount should the consumer default on interest payments. Unsecured loans do not provide this security to the lenders and they have no option but to charge much higher interest rates.