A Quick Guide to Secured and Unsecured Debt | |
Debt is debt, right? Well, yes and no; whilst owing money is debt, there is secured debt and unsecured debt, both of which have their pros and cons. In some cases, you may not be able to access unsecured debt as lenders need collateral to lower the risk of lending money to you. In other cases, there is a limit to the amount of unsecured debt you can have. If you’re not sure, here’s our guide to secured and unsecured borrowing explained. That’s a hefty level of debt in one month that is secured against one of your assets, usually your property. With the average adult debt just over £30,000 (including mortgages but not including student loans), you can see why people are wanting to consolidate the debts they have and aim for a lower rate of interest. There are two main types of debt, secured and unsecured, but what’s the difference between the two, and how much impact will it have on your finances? | |
Related Link: Click here to visit item owner's website (0 hit) | |
Target State: All States Target City : Norwich Last Update : Oct 14, 2024 2:43 AM Number of Views: 25 | Item Owner : Jamie Playford Contact Email: Contact Phone: 08002461845 |
Friendly reminder: Click here to read some tips. |