Frequently Asked Question
My debt is out of control - is a home loan the best option ?
Home loans can be a very cost-effective way of borrowing. Because a secured loan reduces the risk for the lender they will usually offer you much lower interest rates in return.
Why struggle keeping up with payments on high interest credit cards, store cards and other loans when you can pay them all off in one go. And with one affordable monthly payment you could easily find yourself with more money in your pocket every month.
Just complete our Debt Consolidation Loan Application Form and we'll contact you with a competitive quote.
We offer a wide range of secured loans for UK Homeowners looking to consolidate their existing debt - up to £250,000 for any reason.
- Flexible repayment periods
Borrow between £5,000 and £250,000 - and choose between 3 and 25 years to pay. - Optional payment protection
For extra peace of mind protect your payments against unemployment, accident and illness. - No fees
The variable monthly repayment quoted is what you pay with no hidden administration costs.
Debt problems and getting a secured loan
- Credit checks
Before lenders consider lending you credit they will undertake a credit check. A credit check determines your credit history whether you have any CCJ's, defaults or outstanding credit card bills. - Credit scoring
This process is used by most lenders to determine what level of credit risk you are. They use a scoring system based on credit history; good or bad, length at current address, security, employment, income and answering these questions gives them a score or Credit Rating. Mainstream lenders only want high scores. However, there are specialist lenders who may be able to arrange a loan even if you have a poor credit rating.
With Secured Loan UK .com, no matter whether you're Status or Non-Status, being a Homeowner means we aim to find you a competitive rate that matches your credit history.
All you have to do is complete our Debt Consolidation Loan Application Form and let us give you a FREE and under NO obligation quote.
