| Secured Loans |
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A secured loan is the term given to money borrowed where an asset, usually your home, is used as security. In the event of a loan default, the lender would therefore have assigned rights to the security. A secured loan is a popular way of raising money and the loan can usually be arranged very quickly. Secured loans are often taken out for the following purposes:
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Secured loans are not regulated by the Financial Services Authority.
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