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Is secured on your home. Rates depend on your circumstances; usually lower than an unsecured loan and often more flexible.

Not secured on your home. May not qualify you for the best rates. Applying to a number of lenders may affect your credit score.
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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They will offer you advice on:
  • Whether a loan is your best option
  • Consolidating your debts
  • Reducing the amount you owe
  • How to freeze your interest payments
  • Protecting you from creditors

 
 
 
 
 

 
 

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Fraud set to rise during crunch


More cases of fraud are being seen as a result of increasing personal debt, it has been claimed. According to the accountancy company BDO Stoy Howard, business fraud has rocketed because of the turbulent economic conditions and credit crunch, something that may interest those with personal loans. The financial industry saw a large proportion of the problem, with 90% of all fraud witnessed here in the opening six months of the year, stated the firm. Simon Bevan from the outfit noted that businesses are yet to control the trend and that even more worrying is the fact that the actual figures could be even higher. He commented: "Commercial organisations of all types and size throughout the UK are failing to get to grips with the fraudulent activity of their staff." Any losses that may have occurred in the rogue trading sector have also not been taken into account, Mr Bevan asserted. Last week, the Times said that people are increasingly having to rely on payday loans because their cash is running out before their salary comes through at the end of the month.

2008-07-03
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