Personal Loans Blog » Secured Loan

Secured Loans?

Louise — Mon, 18 Jan 2010 10:06:56 +0000

Manchester United’s $800 million high-yield bond is leading a wave of deals from highly indebted companies, as risk-hungry investors offer them a much-needed opportunity to refinance bank and other expensive debt.

The British soccer champions said on Sunday they would launch a 500 million pound ($797.6 million) high yield offering to help refinance the huge debt taken on by the U.S. Glazer family to buy the club in 2005.

The club is meeting potential investors in Asia and Europe this week before heading to the United States on Jan. 19 to drum up interest for its plan to sell senior secured loan notes to replace existing borrowings secured against the club. Manchester United would dramatically improve its financial position and ultimately achieve lower interest payments if it eliminated an expensive and ballooning form of junior debt known as payment-in-kind (PIK) notes

Secured Loans

Louise — Tue, 12 Jan 2010 07:28:59 +0000

News about secured loans make for interesting reading. The lending figures for November from the Bank of England have shown an increase in net lending.

Total net lending to individuals increased by £1.1bn in November, fuelled by a £1.5bn increase in net lending secured on dwellings (e.g. mortgages and secured loans).

However, net consumer credit continued to fall (by £0.4bn), suggesting that consumers are focusing on repaying debt – and that banks and other lenders are still reluctant to offer as much consumer credit as they may have in the past.

Secured Loans – Don’t Panic!

admin — Sun, 10 Aug 2008 16:11:03 +0000

According to Moneyfacts.co.uk, the availability of secured personal loans is dwindling rapidly, and the last twelve months have seen eight lenders withdraw from the market.
There is no need to go out and do a good old fashioned bit of British panic-buying just yet though. There are still plenty of lenders out there willing to do business, it’s just a case of taking a cautious and well-informed approach to make sure you get the best personal loan deal possible. The help of a personal loan expert is highly recommended if you are not familiar with the market and its movements.

When to Take a Secured Personal Loan

admin — Sat, 02 Aug 2008 14:51:35 +0000

The secured loan is generally regarded as the most efficient personal loan option available, but what are they typically used for?
Secured loans are the most suited for big financial outlays – the list is endless, but some good examples include buying a house, buying another property, buying a new car or financing home improvements.

Many Personal Loan Options Still Available

admin — Thu, 31 Jul 2008 14:42:36 +0000

A spokesperson at thinkmoney.com has spoken of the reduced availability of the secured loan, as a result of the credit crunch. There are still, however, a range of personal loan solutions available to those who find themselves in financial difficulty.
“Depending on the individual’s circumstances, a number of other debt solutions may be more appropriate than a secured loan, such as a debt management plan, an unsecured consolidation loan, an IVA (individual voluntary agreement) or, for residents of Scotland, a trust deed,” said the spokesperson.

Secured Loan Still the Best Option

admin — Mon, 21 Jul 2008 12:53:17 +0000

Secured loans are still generally regarded as the most efficient way to borrow significant amounts of cash through personal loan finance.
A secured loan is the most appropriate type of personal loan for anyone needing to finance the purchase of a house or other property, a car or maybe just make some home improvements.

Pawn Industry Throbbing With Success

admin — Mon, 30 Jun 2008 10:31:23 +0000

It’s regarded as a seedy underworld by some, but more and more of us are turning to pawn as the credit crunch tightens its grip on our finances.
As the banks who once liked saying ‘yes’ line up to say ‘no’, pawnbrokers are gaining in popularity as a place to get a fast and easy secured loan against property of value.

SECURED HOMEOWNER LOAN: WHAT YOU SHOULD KNOW

admin — Tue, 24 Jun 2008 13:31:57 +0000

If you’ve got equity in your home, you can use it to get a secured loan fairly simply. Great. But hang on, what’s that loan for?
If you’re considering taking a secured loan against your home to pay off credit card debt, then you should be mindful of some crucial facts. Your credit card debt is basically an unsecured loan – meaning there is no collateral for the lender to repossess from you if you default on the payment. If you effectively convert this debt into a secured loan, you could end up losing your home as a result of any failure to meet the agreed payments.
If you need to know what’s the best kind of loan to suit your individual circumstances, you can have an informal chat with a professional advisor today by calling 08456 210 150.

Secured Loan Provider Closes

admin — Fri, 20 Jun 2008 19:44:42 +0000

Secured loan company, Endeavour Personal Finance, has said they will not be accepting any further applications for new business.
A spokesman for the parent company, HFC, said, “We have conducted a review of the business and as a proportion of our bank’s business, EPF is tiny and doesn’t fit with our distribution channels.”

Secured Loan a Lifeline, Says Transact

admin — Thu, 12 Jun 2008 13:21:21 +0000

According to Transact – the national forum for financial inclusion, an increasing number of people are struggling to make ends meet. They say that a secured loan can be a valuable source of funds to overcome this growing problem.
Jamie Elliot, of Transact, said: “People have been proactively encouraged to take out a huge level of debt at a time when credit was relatively cheap. But now, money is much more expensive and people are coming off fixed-rates… A large number of people are already very stretched.”