When it comes to loans, there are two main categories that are worth mentioning. In this article we will compare secured loans and unsecured loans. Both have benefits and disadvantages, but the borrower’s credit history also determines which one is open to him or her. Another key element that influences the choice between secured or unsecured loans is the amount to be obtained.

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The most important thing is to tackle any problem you have now, don't put it off. If you have a problem in meeting your mortgage payments tell your lender immediately. Also tell all your other lenders such as your bank and credit card companies. Keep them up to date as your circumstances change. If you're being considered for redundancy you might even want to tell your lender then.

After you've done that there are a few things to do that overlap. Read more »

Store Cards are similar to credit cards branded with the name of the store that issues it and can be used only to purchase goods from that chain. They are often promoted heavily in stores and can initially appear attractive, but beware there are many more disadvantages attached to them. Here are 10 very good reasons to avoid them....

1. They charge excessive rates of interest.

   The interest on most store cards is often double that of ordinary credit cards. Read more »

Are you one of the many that gets confused and turned off when lenders start talking about APRs?  If so, here's a brief explanation that takes it back to the basics and hopefully helps you understand what has become a common piece of financial jargon. All lenders are obliged to tell you what the APR is when you apply for a loan, so you can't avoid it!

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In today’s economic climate, many people are looking for additional finance in the form of a loan, which come in two main forms - secured and unsecured. But what’s the difference?

Secured loans require you to provide the lender with some form of security. Most often, the security levied is your property – regardless of whether it is mortgaged or is owned outright. A loan secured on a mortgaged property is known as a 'second charge', whereas a loan secured on a property that is owned outright is known as a 'first charge'. Read more »