What happens when you need more than what you borrowed on a loan? You mistakenly thought that the amount was sufficient to meet the needs. However, it did not materialise that way. Instead, you need £3000 more to cover the requirement. Most personal loan providers offer the flexibility to redraw …
Continue reading “What Is A Line Of Credit? Explain Everything”
What if you can get cheap interest rates despite a bad credit rating? Yes, you may get one by providing one of your assets as collateral for the loan. Now, you must be thinking- what do you mean by collateral? It is an additional security in the form of property, …
Secured debt involves borrowing against an asset in the UK marketplace. Here, the asset serves as collateral for the loan. You may lose the asset if you don’t clear the payments on time. A secured loan may offer you the flexibility of securing a low interest rate. However, the risk …
Continue reading “Secured Debt: What It Is And How It Works”
Unsecured loans are a popular loan option. Be it an individual or a business owner; unsecured loans are an affordable and dependable option to borrow funds without collateral. The unsecured loans help meet the short-term to midterm financial needs. Also, the procedure to avail them is easy. However, if you …
Continue reading “Unsecured Loans: Borrowing without Collateral”
In this fast-paced world, it is not surprising to find yourself trapped in a debt loop. Your expenses have exceeded your income, and you are ignorant of it. At times, a lack of attention to what is happening in your own financial realm is the cause behind a major problem. …
Continue reading “What Is Debt Consolidation and When Is It a Good Idea?”