How can i get a secured loan?
Answers:
www.surefirefinance.co.uk apply online and they will get back to you with how much you can borrow they helped me with a loan and my credit is bad!!
I wouldn't bother cos the house upkeep is gonna kill you as it is and you have no equity yet and bad credit. You are in a sticky situation as it is, can't you get a pemanent job somewhere like Tesco and keep your business as a sideline?
you must have something of value that secures the loan.
do you have a car, rare coins, jewelry, stocks, bonds, or equity in your house? if not no one will loan you anything because the loaner needs security.
First place to call ought to be your own bank. They know your financial history best.
I really would not advise securing loans to your home.Although you say your credit is bad you have actually helped it by getting a mortgage! Get your credit file and see if you can get rid of any unpaid items showing.
After a few months mortgage payments you may find getting an unsecured loan easier than in the past. Places like moneysupermarket.com will shop around on your behalf to find unsecured loans for adverse credit.
be very care ful when purchasing a secured loan as there is often small print that you may not pay attention to, e.g when the interest rate go up so does your repayments also if you miss payments you may loose a lot more than you anticipated. be very wary, see if you can find an alternative.
I wish you all the best. Sometimes, getting further credit may not be the answer. I suggest you speak to a professional before getting any further credit - you could speak with the Citizens Advice Bureau - their services are free.
If you are sure you need the loan, check with a loan broker or most of them advertised on daytime TV or online on moneysupermarket.com.
All the best
secured loans will only be on the part of the house not "owed" to the mortgage company. if you have only just moved in the chances are you will only own the 5% deposit part of your house, so dont have much to "secure " a loan against.
wait a few years until your mortgage has reduced and the value of your property has increased, then you will have something to offer the many "secured loan" people around.
The Secured Loan information post by website user , LoanSecuredLoan.com not guarantee correctness.