When are unsecured loans a good idea?
This is something of a trick question. Whether or not an unsecured loan is a good idea very much depends upon an individual's personal circumstances. Moreover, what may be the right option at one point in time may not at another point. An unsecured loan can seem like an attractive...Read More
Business loans - secured or unsecured?
Unsecured loans are an important part of the financial sector and can enable individuals without significant property assets to access credit. An unsecured loan is not popularly known as a personal loan for no good reason. These loans are intended to finance personal, or private, needs. Common reasons for seeking...Read More
How to look for a personal loan without damaging your credit rating
Personal loans are a growing industry. Recent statistics from the Bank of England suggest that one in ten Britons currently have such a loan. £10,000, borrowed over a term of four years, is the average loan. That's a fair amount of debt, both in individual terms and when extrapolated across...Read More
Loans: evolving with the times?
In an ideal world, there can be few of us who would choose to have debt. However, with the advent of universal student loans for those in higher education, not to mention the skyrocketing cost of living, debt has become an everyday affair for millions of Britons. In previous decades,...Read More
Unsecured loans and credit ratings
Unsecured loans, also known as personal loans, form an industry that is worth £26 billion a year. This is a considerable amount of debt and current indications are that it is rising, as consumers seek to finance both big ticket items, such as cars and home renovations, and general living...Read More
Missing a payment: the potential cost of falling behind with unsecured loans
Sometimes the devil fools with the best laid plans and life doesn’t run as smoothly as we might hope. If something goes wrong and you need instant access to ready cash, you might find yourself unable to pay the next instalment of your personal loan. It’s something which concerns very...Read More