It’s that time of year when many of us think about consolidating some of the loans and credit cards we have into one loan possibly at a lower monthly payment.
Available to homeowners is a secured loan, which as the name suggests is secured on your home. This allows you to take the loan over a longer term than a personal loan and potentially pay a lower monthly payment.
These loans can also be used for home improvements etc and are an excellent way of raising funds if you are currently ‘tied in’ with your existing lender.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
call 0800 848 848 8 now to join
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• Borrow £5,000 to £100,000
• we’ll compare 100’s of loans for
• reach completion in days
• dedicated ‘friendly personal advisor’
• consolidate all your unsecured
affordable monthly payment
• one single point of contact
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT
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Secured loan market diminishing
First Plus has become the latest casualty of the credit crunch. The secured loan lender has announced that it would be closed to new applications from August. If the credit crunch can cause one of the biggest lenders in secured loans to throw in the towel, it will be interesting to see if the other providers can weather the storm. | |
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Personal Loan rates above 7%
Anyone looking for a personal loan can no longer find rates of less than 7%. Yourpersonalloan.co.uk, which is funded by The Co-operative Bank, has increased its rate from 6.9% to 7.3%. | |
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Young Adults 'Can Do' Money Website
The Financial Services Authority (FSA) has today launched a new website designed to be a one-stop-money-information-shop for young adults and forms part of the watchdog's National Strategy for Financial Capability. | |
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More Personal Loan Pain for Borrowers
It’s not only mortgage rates that continue to increase, so too have the rates and monthly repayments on personal loans. | |
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Income Protection Plans - Top Tips
The protection market can be very complicated to even the most experienced customer and Income Protection (IP) is one of the more complex products out there. Due to the current financial turmoil more people are becoming concerned about protecting their debts and lifestyle, so payment protection specialists LifeSearch have put together their Top 10 tips on how to pick through all the options and choose the best policy for this important but undersold product. | |
news provided by moneyfacts.co.uk on 24/07/2008