David takes a secured loan.
David was a young businessman who craved for the best things in life. Since his business was fairly successful, he was never short of money. However the last few months had seen some turmoil in his business and the young man needed money urgently. Loans were the way to go. He was willing to pledge his car to take a secured loan. As we know, secured loans can take longer time to process than personal loans. The bank took its time, but was eventually satisfied with his collateral and approved his loan.
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