Finding secured loans

The huge growth in the use of the Internet has meant that securing a loan has become even easier with lenders and comparison websites offering free tools to provide indicative quotes.

Please read our tips below.

• Allow sufficient time to view several lenders sites in addition to comparison websites to get indicative quotes.
• Be aware that some quotes may or may not include Loan Payment Protection Insurance or (PPI) therefore, always compare like for like.
  The type of information required for a quote usually consists of the secured loan amount, credit, and home information.
• If you are only looking for a quote and the website states that a check will made against your credit file, think carefully as to whether you wish to continue. Remember some lenders may take this type of information into consideration when assessing any loan application.
• Some lenders may contact you following your online quote, therefore, be prepared for sales type calls.
  Consider free independent advice from debt counselling services before making any decision.
• The tabloid newspapers often produce a finance section once a week which may contain useful loan articles and the latest rates, consider this information in your decision making process.