In the current wobbly financial climate, the secured loan is continuing to take centre stage as lenders pack their carefree, risk-taking attitudes into a box in the bottom of a wardrobe in the spare room - hoping they'll make use of them in the future; knowing they probably won't; but unable to part with the idea just yet.
Results of recent research conducted by Alliance & Leicester show that “overall borrowing trends are moving away from unsecured debt, while secured lending continues it’s rapid pace.”
