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A home can hatch money for you: Homeowner secured personal loans

April 24th, 2009

A home is a place, where you reside in rest and spend the most peaceful hours of your life. It is always sweet for you as it provides you shelter. Now, have you ever thought that you can use your home for earning money? If not, believe it now. Because through homeowner secured personal loans, you can always avail money with the help of your home.

Actually, a secured loan is a kind of loan, where a person needs to place any of his assets as security for the loaned amount.

This security could be in the form of borrower’s car, home, any valuable paper etc. Now, in homeowner secured personal loans, a borrower can only place his home as security. Here, borrowers avail loans against the equity of their home. But what does ‘equity’ mean? Actually, the word ‘equity’ implies the current market value of a home minus the outstanding mortgage balance amount of money.

Homeowner secured personal loans allow a borrower to borrow anything between £5000-₤75000. And the repayment period varies from 5-25 years, which is of course, a comfortable duration. Again, you can avail homeowner secured personal loans for any purpose and any reason. Be it the repairing of your home, buying a car or education of your child, you are always free to use it for anything you need.

Secured homeowner loans are open for all, irrespective of credit score and credit history. If you have a good credit score, you can use it. No problem if you have bad credit also. Because people having CCJs, IVAs, defaults, arrears, bankruptcy are also eligible for this loan. Moreover, by repaying the loaned amount in time, they can even get a chance to improve their credit score also. Of course, in such a case rate of interest tends to be slightly higher.

You can get homeowner secured loans from different sources. Banks, lending organizations, financial institutions to name a few. At the same time, you can access these loans from World Wide Web, which is perhaps the best of all other available sources. Through these method you can meet a number of online lenders, who are specialized in providing tips regarding homeowner secured personal loans. They will offer you several loan terms and quotes. Now, you have to select the lender, who will meet all your requirements with sound solutions.

In homeowner secured personal loans, borrowers avail loans against the equity of their home. These loans allow a borrower to borrow anything between £5000-₤75000. And the repayment period varies from 5-25 years.

Amanda Thompson holds a Bachelor’s degree in Commerce from CPIT and has completed her master’s in Business Administration from IGNOU. She is as cautious about her finances as any person reading this is. She is working as financial consultant for chanceforloans .To find a Personal loans,bad credit loans,Debt consolidation,home equity loans at cheap rates


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A Guide To Bad Credit Secured Loans

April 24th, 2009

If you are suffering from bad creditrecord, you need to be all the more cautious while applying for loans, so that; you may not be deceived by the unreliable lenders, who may charge extremely higher rates of interest. To avoid any such fuss, it is necessary that you search through online sources and collect quotes of more than one lender regarding the quotes. In the hour of financial crisis, bad credit secured loans can prove to be miraculous. Let us get to know all the relevant details about bad credit secured loans.As implied by its very name, bad credit secured loans are secured in nature. It implies to qualify for these loans you need to offer some of your assets as collateral to secure the loan amount. It can be your home, property, vehicle or any valuable assets and will be seized by your lender, in case of non repayment of the loan amount.

A bad credit refers to missed or non payment in the past borrowings, which resulted in defaults, arrears, CCJ, IVA or even bankruptcy. Earlier lenders were hesitant to offer a helping hand to such people. But, with a change in the financial requirements, financial trends have also altered.

Bad credit secured loans offers you all the benefits of a secured loan like lower rate of interest, longer repayment term, larger loan amount and many more. All you need to do is proper search through various online sources and you will surely find the best deal.

The most crucial factor of bad credit secured loans is its repayment schedule. Otherwise, you may end up losing your precious assets. Compare and contrast the various quotes of bad credit secured loans offered by different, prior to coming at any conclusion.

The article discusses all about bad credit secured loans. What are bad credit secured loans, where and how you should search to find the best rates? For all this and lots more, read the article.

James Taylor holds a Master’s degree in Commerce from JNU. He is working as financial consultant for Chance For Loans. To find debt consolidation loans, debt consolidation loans, cheap rates, personal loans, secured loans, unsecured loans, improvement loans

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A Brief About Commercial Business Loans

April 24th, 2009

Do you want to finance your business? Then opt for commercial business loans. Commercial business loans are a good resource, with which a businessman can meet his all business requirements. Whether you want to start your own business or expand your present business, commercial business loans will help you to arrange finance for that.

A borrower can avail commercial business loans either in a secured or in an unsecured form. A security is required if you want to finance your business in a secured way. Any valuable object can be used as a security. Usually, it is seen that borrowers use their home, other real estate, automobile or saving account as a security against commercial business loans. On the other hand, if a borrower wants to avail commercial business loans in an unsecured way, he does not require pledging any security against the lending amount. Nevertheless, commercial business loans allow borrowers to borrow the amount, ranging from ₤ 5000 to ₤100000. Based on the borrowed amount, the repayment period of commercial business loans is decided. However, usually it varies within 3-25 years.

Normally, commercial business loans are available with fixed rate and variable rate option. In case you opt for fixed rate option, you have to pay same amount during your loan term. On the other hand, if you go for variable rate option, the interest rate will be changing according to the changes in loan market.

While applying for commercial business loans, you need to submit the following documents:

  • A loan request where you will clearly mention how much you want to borrow.
  • If you want to avail commercial business loans for a new business, you should mention your business plan.
  • In case of existing business, you should enclose a profile of your business and your financial statements. And remember, all information should be mentioned properly and concisely.

Commercial business loans are taken for commercial purposes. These loans are available both in a secured and unsecured forms. These loans are available for various commercial business purposes.
Amanda Thompson holds a Bachelor’s degree in Commerce from CPIT and has completed her master’s in Business Administration from IGNOU. She is as cautious about her finances as any person reading this is. She is working as financial consultant for chanceforloans .To find a Personal loans,bad credit loans,Debt consolidation,home equity loans at cheap rates that best suits your needs visit

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A Breath Of Relief With Low Interest Debt Consolidation

April 24th, 2009

If you are overburdened with credit card bills, medical bills, wedding expenses, auto loans, personal loans and many other outstanding payments, it is right to go for debt consolidation.
Debt consolidation endeavors to consolidate your multiple debts into a single, easily manageable loan. But remember, it is not just bringing multiple debts under one creditor. You aim to save enough money that you pay as interest rate. Keeping this in mind low interest debt consolidation loans have been specifically designed to help you merge different debts into one; thus making you accountable to a single creditor.
The first step towards a low interest debt consolidation loan is to figure out the total amount of debt you want to consolidate. The lender will do rest of the task. Negotiations will be done on your behalf with different creditors.

The best way to get a low interest debt consolidation loan is to place a high value collateral. Collateral is the property that you secure against the loan. If you borrow against the equity in your home, you can extract a larger amount with relatively low rate of interest. The interest rate will be tax deductible. The repayments should be made on time; else the lender has the right to confiscate your property.
Low interest debt consolidation loan is ideal for bad debtors as well. Your credit score plays a vital role in determining the loan amount and rate of interest. Lenders usually offer higher amounts to borrowers with a better credit history. So, the borrower should first try to improve his credit score by clearing off those debts that he can easily pay and report it immediately to a credit rating agency. This will get his credit report updated and help him improve the credit score so as to draw larger loan amount at a low interest rate.
Choosing the right lender is of immense importance. In order to get the best possible deal, one should shop around for loan quotes from different loan providing organizations. This process of hunting for the best lender is very time consuming and you are sure to encounter many hassles in your way. Therefore, to prevent you from facing all such grievances, there is the provision of online lenders. A simple search through the Internet can make you familiar with different online lenders dealing in low interest debt consolidation loans. The free facility of online loan calculator provided by various websites can help you get an estimate of your monthly payments. The online technique of applying for low interest debt consolidation loan is simple, quick and puts an end to enormous paper work.

Low interest debt consolidation loans sway all your debts into a single monthly payment and help you get rid of them sooner. They make you liable to just one creditor thus helping you control your finances once again.

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