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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