Secured Loan a Lifeline, Says Transact

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Secured Loan a Lifeline, Says Transact

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.”