Secured loans, unsecured loans, mortgages, payday loans, arrrgggh! I've just been downstairs to pick up the post and I've got a whole load of junk mail inviting me to borrow some money.
Thanks but no thanks. I might be a bit tight for cash at the moment, what with the way things are, but I don't want to be bombarded with a zillion flyers trying to get me into more debt than I already am!
At least I've got something to keep the fire going now though!
People who have decided to invest in secured loans to fund home improvements may be happy to know that their hard work and money may pay off quicker than expected, even in today's property market. A quick deal is apparently still possible as long as the property is competitively priced.
If people wanting to move fancied invested in secured loans, the home improvements that they could fund could help to shift their home. A new kitchen ir an extension could also help add a bit of value to your home.
The Homeowners Advice Centre has stated that the government and the Bank of England have been taking the right kind of steps, but consumers are yet to see the benefits. Further calls have been made for lenders to pass on the interest rate reductions to secured loans holders.
Such steps include the lowering of the official base rate of interest by 0.5% to 4.5% earlier this month. First time buyers in particular would benefit from lower rates and that lenders should recognise that profits won't be as high next year.