If 16-18 year olds were forced to take a gap year before university and undertake a period of community work and life skills training, it is unlikely that they would graduate with same level of debt. Just like binge drinking, smoking in public places and increasing levels of obesity, debt accumulation is part of a distorted value system. The kids deserve some of blame, though government also needs to take an interest. There is no reason, even with tuition fees, why even poorest students cannot go to university, but expectations of a suitable standard of living have to be lowered, with a genuine concern for a suitable standard of education at heart of matter.

To get best deal on financial products: http://www.moneynet.co.uk/

Information on student finance: http://www.creditaction.org.uk/documents/StudentsSample.pdf

Citizens Advice Bureau http://www.adviceguide.org.uk/

Rachel writes for the personal finance blog Cashzilla: http://www.cashzilla.co.uk/

A secured personal loan gives you option to pay back loan borrowed over a longer period of time and at a lower interest rate. Secured personal loans also offer you ability to increase your repayments or to repay a lump sum if your financial situation changes at any time. This can help to reduce amount of time you will be paying off loan, and of course total amount of interest you pay back.

Taking out a secured personal loan gives you opportunity to borrow money in order to increase value of your home by making improvements.

You could also take out a secured personal loan in order to pay off a number of other smaller loans, credit or store card balances. You would then benefit by having to make a lesser monthly payment and ease of having to make only one payment each month.

Secured personal loans can be used for a wide range of purchases or financial help, from home improvements, weddings, buying a new car to consolidating all your existing loans, credit and store cards.

There are several ways to raise cash, but a Secured Personal Loan has following advantages:

offers a flexible and fast way of raising cash

loans are available for most purposes including debt consolidation

offers lower interest rates

there are usually no valuation or legal fees to pay

borrow any amount from £5,000 to £75,000

repayment period of between 5 – 25 years

It is important to bear in mind that your property is at risk if you fail to keep up secured personal loan repayments.

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