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Unsecured Loan - A Guide
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Simply put, if the current debt position that you
find yourself in is serious but, you have steady earnings, it may be sensible
to restructure your short term expensive debt into longer term "cheaper"
debt.
You will need to prepare an accurate personal income and payments
statement and also work out if the loan is sufficient to deal with your
debts.
We can help you raise a loan from excellent sources of funds. Unsecured
loans are usually between £3,000 and £25,000. If you need more
than that amount it is likely that you would only be able to get that with
a secured loan if you
are a homeowner. If you are not a homeowner it is not likely that you will
obtain a loan above that amount (unless multiple loans are taken out).
Before deciding to take out multiple loans always consult with us and work
out what you can afford. It may be that an IVA
or bankruptcy would
be better options, read those guides by clicking the links.
If we think that we can help by raising a loan we
will earn a fee from the loan provider (only if the loan is completed).
We will not charge you for any advice. Be warned though we will only help
you raise a loan if we think it is the right answer for your circumstances!
In our opinion it is vital that, after raising a new loan like this that
excessive spending is stopped and that you live within your means.
Advantages of an Unsecured Loan
- Avoids formal insolvency,
does not usually adversely affect your credit rating
- Can be quick and easy
- Spread debts over much longer
period
- Removes short term creditor
pressure
- Crystallises the position
- allows you to get on with life
- Sometimes cheaper credit
- Lots of products and suppliers
of credit
- Even people with poor credit
ratings can obtain remortgage products
Disadvantages of an Unsecured Loan
- Only suitable if sufficient
earnings
- Can be a problem for your
credit rating if the new loan is refused
- You can spend a lot of time
trying to find a loan
- Is this really solving your
problem or deferring it to a later date?
We have close links to a number of loan and unsecured
loan providers and can help you obtain a a loan at competitive rates -
even if you are in arrears and etc. So contact us now for a chat about
your personal circumstances or fill out the contact
form.
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