What can a secured loan help towards?

A secured loan can be that little extra helping hand you need if the option of remortgaging your home or taking out an unsecured or personal loan is not something you either want to do or is unavailable to you. Taking out a secured loan gives you a lump sum of money which many people can use towards home improvements such as a loft conversion and also towards helping with debt consolidation.

What is debt consolidation?

Debt consolidation is a form of debt refinancing, allowing an individual to take out one loan to pay off one or many others, primarily made up of home loans, credit card debt and car loans.