Oct
26
Debt consolidation loan pitfalls
Filed Under Home Loans | Leave a Comment
I wrote about some of the benefits of debt consolidation loans yesterday and promised the follow up on some the reasons why you should think carefully before taking out a secured loan to resolve debt problems. Well here it is! A quick recap. A debt consolidation loan is a single loan, mostly secured against your [...]
Read More >>Oct
25
Working in the finance industry I see at first hand the reasons why people want to borrow money, particularly if it is not for arranging mortgages for property purchases. It’s striking to see that debt consolidation is the most frequent reason that people arrange secured loans – in which they use the equity in their [...]
Read More >>Sep
21
Changes are afoot in the loans industry at the moment. The credit crunch and recent difficulties experienced by Northern Rock is starting to have an effect. I’m hearing rumours that two lenders are withdrawing from the loans market altogther. I can’t say which ones at the moment as I’m not sure if they have announced [...]
Read More >>