A charity offering advice to people who find themselves with unmanageable debt problems, The National Debtline, has reported an increase in calls to their help line.
A spokeswoman said: "We have seen a 20% increase in the number of people who have been calling our helpline. The debts they need help with include mortgages and also loans secured against their properties."
Secured loan applicants are on the increase, with unsecured loans becoming harder to find. It's vital to remember that the risk associated with secured loans can be high - especially if you take out a second mortgage on your home, without setting realistic repayments.
