Why Choose a Secured Loan?

Are you wondering why choose a secured loan? A secured loan is a loan which is provided to you from a bank or building society. Secured loans require you to be able to put an asset up to secure the loan, this is typically your home.

Because a secured loan is secured on property, most lenders will approve your loan even if you have a history of adverse credit such as county court judgements, defaults and arrears. This make secured loans very attractive to people who would otherwise not qualify for a loan from their local bank.

You can borrow any amount from £5,000 to £100,000 and repay it over any period from 5 to 25 years. You simply select a monthly payment that fits in your current circumstances. Generally, secured loans tend to be cheaper than unsecured loans and other forms of borrowing.

Secured loans have several advantages. A secured loan is a quick and convenient way to plug a short term financial need, for example, to go on holiday or extend or improve your home. In essence, a secured loan enables homeowners to unlock some extra cash by using their greatest asset - their home.

Secured loans are quick to arrange as property is always a good bet for the lender. Consequently, the terms are normally superior, with larger loan amounts, longer repayment periods and better interest rates than those you would obtain for an unsecured loan.

For people with little or poor credit history, a secured loan is probably one of the easiest ways to access credit.

A secured loan is a loan where you pledge your home against the amount of money borrowed. In the event that you default on the loan, the lender can sell your home to recoup the loss. The danger with a secured loan is if you are unable to keep up the repayments on your loan your home could be in danger.

You may freely reprint this article provided the author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the http://www.directonlineloans.co.uk website.

---

Car Finance Places You On The Top Gear While Buying A Car

Fast car on open roads. It is a perfect picture... Read More

Five Things To Check Out When You Apply For a Payday Loan

Are you thinking of going in for a payday loan... Read More

125% Equity Home Loans

If you are a homeowner in need of a home... Read More

What is an Auto Loan?

An Auto loan is basically another name for a car... Read More

Finding A Thin Credit Or No Credit Motorcycle Loan

It is no secret that thin or no credit can... Read More

A Payday Loan Or Cash Advance Can Be A Life Saver

A payday loan or cash advance can be a life... Read More

Thinking Of Co-Signing For A Loan? Read This First

It is quite common for someone, who is having trouble... Read More

Holiday Loans Can Expand The Horizon Of What You See

Why do kids get all the breaks? Winter-weary adults, fed... Read More

What is a Title Loan?

A title loan is a loan of money secured by... Read More

Finding the Right Bad Credit Loan UK

If you live in the United Kingdom and find yourself... Read More

Understanding Personal Loans, Cash Advances and Payday Loans

Have you ever been short on cash? Has an unforeseen... Read More

A Consumers Guide to Getting a Bad Credit Loan

Here is a useful guide to getting a bad credit... Read More

Personal Loan 101- What You Absolutely Need to Know

Daughter's marriage or her studies? Son's Ambition? Want a House... Read More

How To Save Money On Car Loans

Have you noticed that everyone seems to have a newer... Read More

Lawsuit Loans - Caveat Emptor!

If you have been injured in an accident it is... Read More

Guide to Bridging Loans

Here is a useful guide to bridging loans. This is... Read More

Online Loans: The Easy Way to Apply

The internet is a great place to find the right... Read More

The Best Way to a Farm Loan Success

The most important and difficult part in farm mortgage shopping... Read More

What is a Car Loan?

A car loan is a type of credit offered by... Read More

Buy Now And Really Pay Later!

With UK personal debt breaking through the £1 Trillion mark... Read More

Military Payday Loans! The Before Pay Check Financial Fiasco, is History Now

Working under the most prestigious service of the country ?... Read More

Poor Credit Mortgage - Overcoming Financial Slumber

There is a huge market for homeowners who have credit... Read More

Benefits of a Home Improvement Loan

Some of the many benefits of a Home Improvement Loan... Read More

Title Loans - Get More of the Title to Your Vehicle

Title loans have the same features as a secured loan,... Read More

What is the Difference Between an Unsecured Personal Loan and a Secured Personal Loan?

This is a common question that many consumers have. Many... Read More

Get a Low Rate on a Secured Online Loan

Secured loans have become very popular over recent years, with... Read More

Fast Cash Personal Loan - No Credit Check and Very Quick

You can get a payday advance with cheap rates and... Read More

If You?re Looking To Borrow Larger Sums of Cash a Home Equity Loan Could Prove Ideal

There are a number of different loan products available today,... Read More

No Fax Payday Loans Online for a Fast Cash Advance Loan

For a fast cash advance loan, no fax payday loans... Read More

Shopping for Loans Online

When looking for loans online, you might find yourself wondering... Read More

Demystify the Allegorical Misinterpretation of Bad Credit Personal Loans

Every time you go for a loan, the bad credit... Read More

So Many Loans, So Little Time

If you find yourself in need of poor credit loans,... Read More

Facts You Should Know About Types of Loans

When you set out to borrow, you often come across... Read More