Debt Consolidation Loans Are Still Out There.So Do Not Go To A Money Lender.

There are reports that there is a huge upsurge of people in the UK going to illegal money lenders and loan sharks. Reportedly as many as 35,000 additional people will seek the so called services of the loan sharks this year. Many families have seen their household income take a severe battering due to for example reduced working hours, etc. etc. Struggling to pay their debts, people are panicking and are approaching loan sharks to borrow money to make ends meet. The interest rates charged by these illegal money lenders is extortionate, and obtaining a loan from them will put you in a financial hole impossible to escape from. If you are a homeowner you can apply for a debt consolidation loan which obtained from a legal and well respected secured loan lender is a million light years away from the loan obtained from the loan shark.Interest rates start at 8% APR for secured debt consolidation loans at present, and as such can save you a lot of money every month. The debt consolidation loan will pay off all your credit cards, etc. and you can start to reclaim your life.

http://www.championfinance.com/debt/debt-consolidation.htm

Secured Loans Are Still In The Marketplace And So Please Apply Now.

The constant news shouted from the radio, television, and the words we read in the newspapers repeatedly seem to state that all forms of loans whether personal loans, homeimprovement loans, secured loans, debt consolidation loans, etc. etc. are all unavailable. People now struggling to meet their credit card, personal loan and hire purchase debts every month are being lead to believe that there is no loan available out there to help relieve the financial situation they find themselves in.This is not the case. There are secured loan lenders who are still willing to lend even in the current economic climate. A secured loan can be used as a consolidation loan, and this means that you pay off all your other debts, saving money in the process, and affording relief from the pressure of debt.

http://www.championfinance.com/

Secured Loans Used To Offer Cashback And Now M&S Are Following

Before the credit crunch there were secured loan lenders who gave their customers cashback in their secured loan products. This cashback was a percentage of the interest. Paragon, the Solihull based secured loan lender, provided this in many of their homeowner loan products, whether it was a consolidation loan, a homeimprovement loan, etc.They also offered cashback on the optional insurance taken out with these homeowner loans. This is no longer available, as Paragon could not obtain sufficient funds to provide secured loans to new applicants, but are at present only graanting further advances to existing customers. Now M& S, the huge retail giant, are offering cashback of 10% of the interest charged on their loans. The rate for these loans is a little higher that some of the other rates offered, and is about 1% APR higher than Tesco's personal loan rate.