Edge of Bankruptcy

Submit Enquiry

Name

Email

Phone:

Enquiry Type

Comments

Enter Code:
Captcha

Secured Homeowner Loans for Bad Credit

Managing a loan with bad credit may be a difficult proposition. However if you own your own property, a loan can be secured using the property or a home as a guarantee that the loan will be repaid in a timely manner.

If you need a homeowner loan, bad credit personal loan, home improvement loan, debt consolidation loan or other secured loans, then you may find a variety of loans available to you based on the ownership of your home.

Such loans can encompass a rather small sum or something much larger depending on factors such as time of repayment, history of credit use and the amount of equity available in your home.

Many financial firms can provide confidential service with no upfront fees and will allow you to borrow thousands of pounds against the value of your secured personal property. In spite of what you might believe, these loans can be secured with low interest rates and payments and can accommodate bad credit. Certain loans can even be agreed in principal within minutes of your application.

Several lending firms in the UK can be found online allowing you to work through an online application in confidence and at your own pace. Loan terms can be as long as 30 years in some cases allowing you to maximize your loan with terms that provide a comfortable repayment plan.

Certain financial firms can also provide a secured loan even if you've been refused in the past due to factors such as Self-employed Status, Arrears, County Court Judgments, or Defaults. The reason this is possible is due to the fact that this type of loan can only be extended to those who actually own property. Lending institutions can provide these terms because they understand that there will always be a motivation to repay the note because of the property tied to the successful repayment.

Rates of around 12% are average in these types of loans although the rate does remain variable. Depending on the history of your credit practice you may find an APR as low as 5% or as high as 20%.

Most lending institutions will make themselves available to discuss your specific needs when personal property is involved as collateral. Terms are generally favourable in such instances and, are available to a larger group of those seeking credit than many other existing loans.

This type of loan is nothing new. In fact, it has a long and venerable history. Property has always been tied to investment and personal wealth.

Should you require a loan for a variety of financial needs - and you have personal property to secure a loan - be sure to look into available financial options that may be well suited to your objectives.

Written for creditmarket.co.uk a UK finance directory and a source of credit cards and loans, information and articles about a variety of personal finance issues including debt consolidation loans and secured homeowner loans. Article Distribution by rcplinks.com.

This article is free for republishing
Source: http://www.articlealley.com/article_71303_19.html


Don't Miss...
  1. Mortgage Arrears Primer
  2. Get Upfront About Mortgage Arrears
  3. How You Can Prevent Having Mortgage Arrears
  4. Dealing with Mortgage Arrears
  5. Getting A Mortgage With Existing Arrears
  6. Unsecured Loans For Tenants - Loans For People With Arrears
  7. Mortgage Arrears And Repossession Guide
  8. Online Unsecured Loans: Loans within Seconds
  9. Guaranteed Payday Loans- Best Financial Solutions to Your Needs
  10. Low Apr Secured Personal Loans – Tips For Finding A Suitable Deal
  11. Low Interest Loans – How To Ensure Finance At Low Cost
  12. Bad Credit Personal Loans – serve your needs without worries
  13. Bad Credit Cash Loans
  14. Adverse Credit Car Loans- your key to mean machine
  15. Combat Bad Credit With Bad Credit Loans
  16. Loans for people with poor credit
  17. Online Loans: Loans At Your Finger Tips
  18. Easy Cosmetic Surgery Loans against Bad Credit
  19. Fast Cash Loans: Eliminate The Worry Of Instant Approval
  20. For a Happier Financial Life - Online Personal Loans
  21. Bad Credit Personal Loans: Delivers Finances Irrespective Of Credit
  22. Improve Your Credit Score with Secured Loan
  23. Personal Loans for People with Bad Credit:
  24. Assurance of Loans Against A Security: Secured Loans UK
  25. Logbook Loans - Book Finance For You
  26. Poor Credit Loans: Get Hassle Free Access To Finances
  27. Bad Credit Loans – A Solution To Your Monetary Requirements
  28. Unsecured Business Loans Raise Your Business To New Heights
  29. Online Personal Unsecured Loans: Secure, Hassle-Free Loan Option
  30. Your Bad Credit Score won't Hinder You to Avail Tenant Loans
Latest...
  1. A Guide to Loans for People on Benefits
  2. First Choice For Many A Borrowers - Secured Loans UK
  3. Embark Upon a Brighter Financial Future with Cheap Tenant Loans
  4. The Pros and Cons of Payday Loans
  5. Understanding Home Equity Loans
  6. Bad Credit Car Loans For Hispanic Buyers
  7. Let's Make A Correct Decision By Choosing Unsecured Consolidation Loans
  8. Purchase Loans Explained
  9. Are Cash Advance Loans Right For You?
  10. Commercial Property Loans

© Edge of Bankruptcy 2008. All Rights Reserved