Guide to Secured Loans

Written by John Mussi


Continued from page 1

Also, you can cut your monthly payments by stretchingrepparttar loan over a longer term anywhere between five and twenty-five years.

A secured loan isrepparttar 138633 perfect way to borrow between £5,000 and £75,000 at a low rate. Obviouslyrepparttar 138634 better your credit history and individual circumstances will affectrepparttar 138635 rate which is offered to you. You can be approved for a secured loan even if you have mortgage arrears, retired or have county court judgements.

The consequences of not being able to keep up your payments are much more serious than with an unsecured loan. The danger with a secured loan is if you are unable to keep uprepparttar 138636 repayments on your loan your home which securedrepparttar 138637 loan could be in danger. Should you fall into difficulties or are unable to makerepparttar 138638 repayments on your loan you will sooner or later lose your home.

This is why before taking out a secured loan it is vital that you consider your debt problems seriously and make sure that you have budgeted fully and can coverrepparttar 138639 loan repayments.

You may freely reprint this article providedrepparttar 138640 author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.


What is a Student Loan?

Written by John Mussi


Continued from page 1

Unlike support towards tuition fees, you have to repay any loans. The Student Loan is repaid after you graduate (or after you leaverepparttar course, should you leave before completing). Repayments are calculated on a sliding scale and are repaid monthly directly torepparttar 138630 Student Loan Company.

Should your salary fall below £10,000 payments are suspended until you earn above this figure again whereupon you will recommence payments. Interest onrepparttar 138631 Student Loan is calculated at a preferential rate which is far lower than any commercial bank loan rates.

Loans haverepparttar 138632 unfortunate tendency to mount up your debt. If you takerepparttar 138633 full £4,000 a year for three years that means you'll be £12,000 in debt byrepparttar 138634 end of your course – and if you're on a longer degree programme, that total could be even higher.

You may freely reprint this article providedrepparttar 138635 author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.


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