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Secured Loans: ULTIMATE GUIDE to find the best dealA debt consolidation loan can make paying off your debts cheaper and easier. Check your eligibility and compare with MoneySuperMarket. Debt consolidation loans can be split into two types, secured and unsecured. Secured loans are borrowed against an asset, whereas unsecured loans are not. What. Yes. A debt consolidation loan can be secured or unsecured. If the debt consolidation loan is secured, it's secured against an asset like your property.