Debt Consolidation Secured Loans

I’ve been speaking to my collegae David Allan (lendingexpert.co.uk) about how many debt consolidation loans we recieve. This has got to be one of arears of finance and secured loans that is growing the fastest at the moment. There are so many people out there with debt problems and who are paying far too much in interest payments and who don’t realise just how much money they could save by consolidating their debt to 1 larger secured loan.

Debt consolidation is really simple and just means that you “consolidate” – move all your current debts to one larger secured loan that is not only cheaper but also easier to manage on a monthly basis. Debt consolidation only makes sense if the loan you can move your current debts to works on cheaper (lower APR) and helps you to finance your finances better. Don’t confused a debt consolidation loan with a debt management plan (DMP) – they are completely different.

Its also important that if you move unsecured loans to a secured loan then your home my be at risk if you do not keep up the repayments or fail to pay back what you owe to the lender.

Hello

Welcome to my new blog my name is Sam and I am a finance and secured loan broker based in Sheffield. I arrange loans quickly all over the city and nationwide. I work for a secured loans broker 6 days a week from offices in Macclesfield and I also run my own company providing loans and finance advice to homeowners.

I’ve been a finance broker now for almost 3 years and I’ve probably helped over a 1000 people over that period. At times we get through 2-3 loan applications per day when we are busy and in the run up to Christmas this can increase even further. I broker both secured and unsecured personal loans for those who own their own home. We also have debt advisors who can help people with consolidation loans and advice regards debt. We often find that those who have come in for a loan also require some type of debt advice too.

You’d be surprised how often we get applications from people who have a really bad credit rating – its very rare right now that we get an application from someone who hasn’t missed payments, has CCJ’s or a poor to fair credit rating. We tend to find that certain parts of the country we get certain types of applicants. From the run down areas we tend to find those with the poorest of credit rating and who are generally looking for high interest cash loans for no more than a few weeks – something that we don’t do!

If you need finance/loan for whatever reason then speak to me on 0845 235 4500 or visit the business online.