Secured Debt

For those homes and families who may not be able to benefit from loan arrangements on a traditional basis, secured debt may be a route they wish to travel down. 

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This type of arrangement will require that collateral is offered, in the form of an asset or lump sum, to guarantee a debt to be repaid.  Essentially, it is a form of confidence offered to lenders so that they can be assured that loan amounts are repaid within timescales they require. 

This type of debt and lending is popular with those who may have significant assets and/or lump sums of money available, particularly when they have suffered with their credit history and find themselves blocked from taking out extensive bank or personal loans. 

As a local form of financial support for residential and commercial borrowers alike, our team (https://www.securedlenders.co.uk/) are here to help our customers consider a wide range of financial support options – and we strive to find the most appropriate and practical solutions in each and every case.

Secured Debt Consolidation Loans

Secured debt consolidation loans are popular with many people as they effectively take a huge amount of existing debt off their plates. 

"We were very worried with our debt and then we got help from SecuredLenders. Thank you so much, we would ceretainly recommend this company!"

A consolidation loan allows for existing debt across several creditors and lenders to be amalgamated into one lump sum with an alternative lender. 

Therefore, all pursuing lenders are satisfied, and a new deal and schedule can be sought with an alternative provider.  There are many reasons why a secured consolidation loan is the best option for many people to take:

• It means no more letters and demands from several different lenders

• It means legal action can be halted if money is paid

• It means a more appropriate and flexible deal can be sought to support your way out of debt

• Secured debts are largely available at lower interest rates

There are plenty of reasons why a secured process may be more beneficial to the borrower than unsecured options, and we will discuss these in a little more detail.

Secured Debt Help

Secure debt help is available now from local lenders and financial experts with a wealth of experience in drawing up plans and schedules for a variety of people from all walks of life.  To many, we are the closest allies they will have in their fight against debt. 

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We support hundreds and thousands of people across our surrounding areas, and in many cases, we highly recommend a consolidation loan to help take much of the stress of borrowing off their plates. 

Debts in this form also arrives with additional benefits, as you will largely be able to borrow more at more attractive interest rates.  This service is generally offered because a lender can offer more support with greater confidence. 

An unsecured loan largely depends upon your word – via your credit history (https://www.securedlenders.co.uk/credit/) – whereas a secure option will require you to tie in an asset in case you default on any payments you have agreed to make.

Secured Debts

Secured debts are worth looking into only if you are confident that you will be able to pay back the amount you wish to borrow over a set amount of time.  It is well worth consulting an online calculator or speaking to a member of our team for more details before you enter into any arrangements. 

The reason why secure debts and their arrangements require so much preparation is because you could effectively lose your home or other assets if you fail to keep up with payments.  By securing or promising your home against a debt arrangement, you are agreeing that if you fail to keep up to payments, your lender can effectively repossess your property. 

"We are so impressed with the service and advice carried out here. Would certainly recommend to a friend."

No one wants to lose their home – or their life savings – which is why it’s very important to take secured loans into deep consideration before leaping in feet-first.  We will always make sure, as your nearby financial experts, to discuss whether or not such deals are appropriate for your needs and for your financial profile. 

Ultimately, if we set you up on an arrangement you won’t be able to make, this makes things awkward for both parties.  We want you to be able to repay and debts to us within timescales that are convenient for you!

What is Secured Debt?

Many people will ask us this question when seeking flexible finance for a variety of reasons.  What is secured debt?  Debt which is secured is that which is offered to your lender in greater confidence. 

You are agreeing to a lender taking control of your home or assets if you fail to pay back any loan amounts which you have previously agreed to meet.  This means that – even if you default slightly on what has been agreed – you could face losing an asset of significant value. 

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Secured debt should only ever be agreed once both parties involved are clear on the expectations which have been set – as it could be a sizeable risk for borrowers to take. 

In some cases, however, secured loans make all the difference when poor credit is involved – meaning that it may well be a feasible option.

Secured Debt-Relief

Secured debt-relief is always available if you have one or more assets or lump sums which you are able to secure with a lender.  Your local lender near me will be able to help you agree to a flexible schedule and will ensure you are completely happy with arrangements before you get started. 

It’s important to understand any and all risks involved with this type of lending, but once you are confident to go ahead, you could benefit from a sizeable loan amount and competitive interest rate otherwise unachievable through standard personal (https://www.securedlenders.co.uk/personal/) or bank loan processes.

Other Services We Offer

• Secured Loans Bad Credit - https://www.securedlenders.co.uk/credit/

• Personal Loans - https://www.securedlenders.co.uk/personal/

Speak to Us

If you’re considering securing an asset or your home to gain access to larger loan amounts and lower interest, speak to your closest local advisors first.  Fill in our contact form now to let us know how we can help you.

There is no need to worry about secured debt or any other debts, as we can help!