Think of it this way. A car loan uses the title to your vehicle to back/secure the loan. This loan uses money you have in your account to back/help you get a loan.
Your question is probably WHO would use their own money to get a loan to get the same money? There is a perfectly good answer. This loan is an exceptional tool to help people in specific situations.
Is this you?
Shared Secured Loans enable people in all the above scenarios to either get credit or repair their credit.
It is an amazing way to build financial independence.