When getting a Secured Personal Loan, its importan

True. It's quite important to go through the terms of an agreement before you sign it. Some times, a few conditions remain scattered all over your agreement. If you overlook such things, you'll get yourself dragged in to more of such problems.

You should read through the terms and conditions of the contract minutely before signing it. If you find any discrepancy or any error, then you should inform it to your lender. Clarify all your doubts before signing the contract. Do a comparison shop to find out if the lender is charging an extremely high interest on you.

Well, yes it is very essential to read the documents before signing them. Secured loans involve collateral and if you're unable to repay the loan, it is most likely that the company will foreclose your property that may be your home in case of a home loan and your car in case of an auto loan. Therefore, make sure you know everything that is given in the documents to avoid any kind of future discrepancies.

Well, I haven't heard anything about the recent changes made in secured loans interest rates in US and the changes in documents. However, I agree with you that it's very important to read the financial documents before signing the contract.