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People in debt 'could still turn to secured loans'

Britons looking for a solution to their debt worries can still use a secured loan, it has been claimed.

Britons looking for a solution to their debt worries can still use a secured loan, it has been claimed.

Thinkmoney.com has stated that there are a range of different debt solutions that can help people pay off their arrears.

According to a spokesperson for the financial solutions company, although it has become harder to take out a loan, prices are providing enough equity to make a secured deal attractive.

The expert added secured lenders are keeping a "very close eye" on conditions in the housing market.

"Talking to the right company can make all the difference between being offered credit at a competitive rate and being unable to avail a secured loan at all," said the official.

Meanwhile, Hampshire-based BDS Secured Loans has announced that it has launched a new sourcing system this week, which came into effect on Monday July 21st.

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