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Unsecured Loans |
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An unsecured
debt is a debt that is unsecured against an asset such as credit card,
overdraft, store card, and includes personal unsecured loans.
Many people
use an unsecured loan to raise additional funds for a particular cause, such as
home improvements, purchasing a new car or to consolidate other unsecured debt.
Whatever the
reason why you want to borrow, it is estimated that over 180,000 households
consolidate their debts every month with the vast majority of these being
unsecured.
Why
Choose an Unsecured Loan Instead of a Secured Loan?
The main
problem with a secured loan is that you are securitising the debt against an
asset of value, most often your home. Therefore your home is at risk if you fail
to repay the loan. Many borrowers prefer to take out an unsecured loan even
though it is often more expensive to borrow money in this way.
The decision
between 'risk' versus 'cost' is difficult one to make and seeking expert help is
a good starting point.
If you are
struggling with your current level of unsecured debt and are looking for a loan
for debt consolidation purposes, allowing you to reduce your monthly debt
repayments without the need for further borrowing.
Where to find
an unsecured loan? LoanBookers
LoanBookers
offers a service utilising a panel of 200 lenders and brokers to help you find a
loan.
Being able to
offer loans from many lenders allows us to provide a solution to more customers
than many of our competitors and also any individual company, thus our
acceptance rate is much higher. Applicants must be UK residents and over 18
years old.
·
Search over
200 lenders, more than any other website.
·
More than
90% of lenders are not on other comparison websites.
·
No Upfront
Fees – You choose when you want to pay the brokerage fees.
·
Fully
online system allowing you to check your loans.
FLM loans
FLM loans
make loans available to people with bad credit scores.FLM Loans lend between
£500 and £5,000. FLM Loans do not rely on credit scores. |
