Unsecured personal loans, unsecured or just personal?

A personal loan and an unsecured loan are in-fact the same product! A personal loan is described as an “unsecured” personal loan as it allows you to borrow money without having to use any security, such as your car or home. What the lender will do to determine whether or not an unsecured loan is […]

Payday Loans or Unsecured Loans?

Payday loans are a product that most of us are familiar with. We may not know the ins and outs but we have all read the headlines, both good and bad. They are aimed at people struggling to wait until their next ‘pay day’ and are usually small amounts of up to £1000-£1500 maximum. However […]

The personal touch, a new way to borrow?

Anyone that has even applied for an unsecured loan knows that it can be very confusing. Not only must you ensure that your credit rating is as good as it can be, you may not actually qualify for the advertised ‘teaser’ rate. Indeed an outright decline can have a negative effect on your credit rating […]

Unsecured loans for Debt Consolidation to reach £2billion

As many of us move in to February having had our first pay day of the year, lots of us are still counting the cost of all that Christmas cheer. Indeed, unsecured loan applications are likely to peak over the next few months, as those credit card bills arrive. New research from Sainsburys Bank reveals […]

Loans for cars drive household lending

Recently released Bank of England figures show that a surge in loans for new cars was the main reason for a big increase in household lending. A loan for a car is secured against the vehicle you are buying so is classed as a secured loan, as opposed to an unsecured loan which is not. […]


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