Thursday, October 11, 2007

Unsecured loans for tenant - Avail money without worry

Monetary needs don't understand the language of finances, and can't be restricted because of paucity of funds and unavailability of asset. Though lenders prefer granting loans to homeowners so that they can have the home as the collateral, there is a huge market for unsecured loans as well in the UK.

When there is no property to stake as collateral, unsecured loans for tenants come in handy. There is a misconception in the mind of borrowers that only tenants can avail these loans. Unsecured loans for tenants are like any other unsecured personal loan. Following are the people who can earn the benefits from such loans.

    Council Tenants
    Private tenants
    Housing association tenants
    Those living with their parents
    Homeowners who don't want to risk their house

So, even homeowners who don't want to risk their home can avail tenant loans. In fact, they can fetch themselves the benefit of lower interest rates than non-homeowners. However, the APR for secured loans will still be lower than unsecured homeowner loans. Tenat loans are by nature unsecured loans. With increasing competition in the UK loan market, bad credit tenant loans that are similar to bad credit unsecured loans are also available. This means even if you have no property to pledge as collateral and are suffering from an adverse credit score, you may be able to avail a tenant loan. Cited below are some of the advantages one can fetch from an unsecured loan deal.

    Low risk for the borrower
    No asset required as collateral
    Quick loan approval
    Fast processing
    Less documentation
    No legal formalities like property evaluation

So, unsecured tenant loans can get you many benefits. But a thorough market research on the borrower’s part is a must. Without it, the borrower may land a bad unsecured loan deal. Compare loans on the basis of APR charged, mode of repayment and other charges.

Monday, October 1, 2007

Unsecured Loans: Shop around for a perfect deal

If you are ready to place collateral, then availing a loan can be an easier thing for you. But, the people who don’t have any property find it difficult to procure a loan. You can seek an unsecured loan for meeting your varied needs.

An unsecured loan doesn’t require any collateral. So, the best part with this loan type is that you don’t have the threat of repossession of your property. That is why most of the homeowners prefer this loan option. However, the lenders can take a legal action against you, if you are unable to keep up the repayments.

A great benefit with this loan type is that you can procure your loans faster. This is because the valuation of the property doesn’t takes place which shortens the turnaround time for procuring a loan.

One more benefit with an unsecured loan is that there are no hassles as there are with a secured loan type. This is because less paper work is involved with this loan option that makes the entire loan process easy.

It is advisable to do a proper research work in the loan market which can help you to find out a suitable loan deal. You should check out the rates available with the different lending institutions like high-street banks, building societies and the private lenders across the UK.

There is a stiff competition among the private lenders, so they may offer you a loan on competitive interest rates. There are many online brokers as well who may assist you in finding out a suitable loan deal.

Thursday, September 13, 2007

Can homeowners apply for unsecured personal loans ?

There are many types of loans that cater to the different requirements of a loan seeker. The loan seeker may be a tenant or a homeowner. Tenants can apply for those loans which do not require your home as security. On the hand, a homeowner can choose either way. He can offer his home as security and get a secured loan or he may choose to apply as a tenant.

In any case, a loan aspirant must be above 18 years of age and a UK resident. Every one is not fortunate enough to possess a lot of money. Situations may arise when you need finance from the lenders. For such situations, there are unsecured personal loans.

Unsecured personal loans are perfect financial solutions for those who are unable to provide home as security. Before granting these loans, lenders normally rely on your monthly income, repayment capability and credit score. Sometimes, homeowners do not have sufficient equity in their homes to qualify for secured loans. These persons can also opt for unsecured personal loans.

Unsecured personal loans are available to all the tenants. You may be a student tenant, council tenant, private tenant, company tenant or one who is living with his/her parents.

Sometimes, your credit score may take a dip due to happenings like job loss, illness, accident and similar other circumstances. In such a situation, the credit score of the borrower gets badly affected if he misses some repayments or applies for bankruptcy. But, do not worry; lenders also provide unsecured personal loans to borrowers who have a bad credit record. However, these loans are very expensive and sometimes can be difficult to get.

Unsecured personal loans are available with all the reputed lenders and these loans range between £500 and £25,000. Lenders allow you up to ten years of repayment period but these conditions may differ with each individual case.

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Monday, August 27, 2007

Make your marriage memorable with secured personal loans

You may also have the same urge to make your marriage function as memorable as that of others. But, you are lacking in funds and cannot manage to arrange a gorgeous party. Then why not you take a secured personal loan to finance your marriage function? Isn't it better than compromising with your desires?

In order to take a secured personal loan you have to offer collateral, which in most of the cases is your house. It may put you in high risk because if you fail to repay the loan your house may be repossessed by the lender. But this risk is justified when you consider the benefits provided by the loan. This loan provides you with some benefits like:

 Lower rate of interest

 Big loan amount

 Smaller monthly repayment

 Longer repayment duration

Secured Personal Loans can be taken for other reasons and can be used in a number of ways. You can use a secured personal loan to buy a car, go for a holiday, finance your education, make home improvement etc. You can also use it for major personal purchases. It is, however not recommendable to use a personal secured loan for day-to-day expenditure.

In order to take the benefit of the competition among the borrowers it is better to make comparisons. Your task will be easier if you approach the online lenders. Through them you can find out the most suitable loan quickly and easily

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Saturday, August 11, 2007

Unsecured Personal Loans - Collateral-Free Loans to Fix Cash Needs

Personal needs are there for everyone. But everyone has got his leeway to meet them. He may want to meet them with his own bucks or may want to get himself off the hook with money from loans. But, those who do not have collateral or having problems in pledging it, what should they do? Well, there are unsecured personal loans for them.

Unsecured personal loans do not require any collateral to be pledged and that’s why they add into the pleasure and satisfaction of the borrowers. These are the loans again for any kind of personal needs. You can go for unsecured personal loans to meet your debts, to set up or update your business, to go for buying a new or an old car, to go for a jaunt in holidays and to make a fabrication in your home. So, for any of these needs, you don’t have to pledge any collateral and that really lets you having a tension-free stint with loans. Sounds impossible? But, this is the truth in unsecured personal loans which are available with a whopping amount ranging between £ 5000 and £ 100000 while you can have the loans for terms which may go up to 10 years starting from 6 months.

However, these loans are also available for the bad credit holders, only with a moderate surge in the rates of interest. Yet, these rates do not go too high simply because of the availability of unsecured personal loans online. Most of the lenders are flocked there and this makes the choice easier for the borrowers. Unsecured personal loans are not only for any personal reason, but they are also available cheap and they are fast too, while online since there is no property valuation involved here. Sounds good ?

Peter Taylor is a senior financial analyst at Bad credit unsecured loan with an acumen for finance and insurance. In recent years he has taken up to provide independant financial advice through his informative articles. His articles are widely read because of the lucid manner of writing and thoroughly researched datas. To find Unsecured Personal Loans, bad credit unsecured business loan, new car loan. Home improvement loan, bad credit unsecured loan that best suits your need visit

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Wednesday, July 25, 2007

The difference between secured loans and unsecured loans

There are many reasons why people get loans. Perhaps they want to enjoy a once-in-a-lifetime opportunity that will never come their way again. Or perhaps they need to fix up the house to get it ready to sell. Or perhaps they need to make a financial decision to consolidate their debts in order to reduce their monthly payments and lengthen the term to pay back their loans. Whatever the reason many people are looking to loans to help them reach their financial goals.

There is nothing wrong with using loans to reach your financial goals. In fact, a loan can be an excellent tool to add to your financial portfolio because it can help you leverage your current position. But which loan is the right loan for you?

There are basically two kinds of loans. Unsecured loans and secured loans are the two kinds of loans that you have available.

Secured loans are loans in which you offer the lending institution some kind of guarantee that they will receive payment for the loan. The example of a guarantee might be some assets that you have, like your house or your car or stock certificates. Although you don't have to turn them over to the lending institution in order to get the loan, having them in your possession assures the lending institution that if you are to default on your payment they would have something to seize and sell to recover their losses.

On the other hand, an unsecured loan is a loan in which you simply use your credit rating to help you borrow money from the lending institution. People who do not have assets or do not want to provide assets as a guarantee may prefer this type of loan as an alternative.

So which one is the better loan? While every case is different, you should consider what is important to you. For many people getting a good deal on a loan means getting a low interest rate, a high amount of available loan, and a long repayment period.

If that describes you then you probably want to go with a secured loan. Why? It's simple. Lending institutions determine the amounts they're willing to lend, the interest rates they will be lending at, and how soon they want the money back based on the amount of risk they are taking to give up the money. While a person with a good credit rating may not be a big risk, the risk is still greater than with the person who has some assets to back up the loan if they are unable to pay with money.

So it may be the right one for you. A secured loan is the right option for many people because it provides a greater amount of available lending cash, a lower interest rate, and a longer term to repay.

About The Author:

Mark Lambie is the founder of Loan Source, a website for UK residents seeking secured loans. Visit our website today for a free Home Owner Loan quote and find out how much we can save you.

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Tuesday, June 19, 2007

Personal loans - don't let the opportunity pass by, fulfill your need

The range of personal loan which are secured against your property varies from £ 5,000 to £ 250,000 and payment term can be as long as 25 years. Of course, unsecured personal loans can not fetch you such big amount. Nevertheless, loan amount interest rates are directly proportional to borrowers’ credit history, collateral and ability to repay.

There can be either secured personal loan or unsecured personal loan. Secured personal loan require collateral like home or any immovable property or security of stocks, bonds, bank deposit certificates etc.

Even in the case of secured personal loan, CCJs, IVA’s, insolvency, late payments are likely to loose their significance; equity in collateral can help you get an impressive rate of interest. Secured personal loan is easy to get approved and the interest rate will be comparatively lower than unsecured personal loans. Personal loan is used for multiple purposes like:

Home improvement
To purchase a car
Pay hospital bills
Fund your education
Business development of existing business
Business start up
Buying a holiday package

Though it is comparatively easy to anchor a secured personal loan, lenders can confiscate your collateral or security in case of non-repayment of the loan in stipulated time frame.

The risk factor for the secured personal is minimal from lenders’ point of view; lenders are pouring in to offer personal loans. They are ready to satisfy your demand on highly competitive terms. The better idea will be to get quotes from different lenders before settling down for any deal.

Monday, June 4, 2007

Unsecured Personal Loans- the most sought after loan in UK

The market for unsecured personal loans is on a steep rise in UK. More number of borrowers are preferring unsecured loans to meet their financial requirements.As per a recent data compiled and revealed by Datamonitor as on 1st of February, 2007, one third of all unsecured personal loans in Western Europe is availed in UK. The report also stated that the average UK consumer has a debt of over twice the debt of an average western European consumer.With the trend of availing loans online increasing rapidly in UK, more and more people are opting for unsecured personal loans through internet. The total online personal lending market accounts for around 11% of the total

unsecured personal loans in UK.

Unsecured personal loans can be taken for different purposes. According to analysts, most of the unsecured personal loans in UK are availed to meet financial requirements like debt consolidation, purchase of vehicle, home improvements etc. Apart from these, you can also avail unsecured loans for wedding arrangements, education (of self or children) and many more short term requirements. Unsecured personal loans is particularly helpful for
  1. those who are living with parents
  2. those who have just started living on their own
  3. those who have started a family

or those who need money for small reasons This kind of loan is ideal for those who do not have a house or property to put as collateral. It is also a great option when you do not wish to risk your assets.According to the consumer survey by Data monitor, people between 25 to 35 years of age have the most probability to buy loans online. This is the age when people need money to support their education plus other expenses. If they have a young family, then the expenditures increase and hence the monetary requirements increase. Unsecured personal loans are the best bet in such cases.Due to all the benefits of unsecured personal loan, this loan type is fast emerging as the most popular among all kinds of financial aids.

Sunday, April 15, 2007

Keeps You Away From Debts - Unsecured Debt Consolidation Loans

When your expenses are higher than the income you earn, then there are huge chances of being trapped in debts. And, once you have been trapped in vicious circle of debts, then it is difficult to come out of it. So, if you don’t want that debt becomes a part of your life, then just avail unsecured debt consolidation loans.

In Unsecured debt consolidation loans, the borrower is not needed to place collateral. This has been specifically designed by considering the debt problem of tenants and those asset holders, who doesn’t want to place their asset as collateral.

The lender in unsecured debt consolidation loans, consolidate multiple debts and replace it, with single debt. Thus, the borrower is saved from making multiple payments.

Unsecured debt consolidation loans can be availed from either of the lenders:• Physical market lenders (banks, financial institutions and building societies)
• Online lenders

Applying loan with an online lender is a better option. In order to justify this statement, following listed are some of the advantages of availing loan from an online lender:

• The loan amount gets faster approval.
• It has been proved that online lenders offer better and low rates.
• There is no processing fee.
• Online mode involves low overhead cost, which further makes the loan deal cheap.

Unsecured debt consolidation loans can be availed by both kind of credit scorers that are good credit scorers and bad credit scorers. And, by means of making timely and duly repayments of loan, the borrower can improve his credit score.

However, with availing unsecured debt consolidation loans, the borrower must not forget to curtail his wasteful expenditure.

At last, let’s summarize some of the advantages of unsecured debt consolidation loans:

• There is no risk on asset as there is no collateral.
• Reduces debt burden
• Improves credit score

Loan borrowing is like once in a life time decision and much is at stake. As a financial consultant the only driving force of Ann Gibson is to provide proper knowledge. Because knowledge in respect to loan borrowing is power and exudes financial benefits. He works for UK debt consolidations. Visit
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Friday, April 6, 2007

Unsecured Debt Consolidation Loan - How You Can Have Less Pressure And Stress Financially

Did you know that an unsecured debt consolidation loan can be good for your health? High levels of stress have been linked to diabetes, obesity, cardiac disease, cancers and mental illnesses. Financial stress can be one of the worst forms of stress and can precipitate family breakdowns and health crises. Most financial stress is a result of unmanageable debt levels.

If you are juggling multiple credit card payments every month, perhaps with a car loan or a consumer credit loan thrown in, you are definitely paying more each month than you have to. You can significantly cut your monthly costs by combining your debts into one unsecured debt consolidation loan.

Doing this will give you more monthly disposable income, which will take pressure off the family budget. Additionally, an unsecured debt consolidation loan will have a definite term, which can give you a time frame for being debt free. Credit cards, on the other hand, can stay high and just never get paid off.

The monthly savings you will make by simply using an unsecured debt consolidation loans can also be used to pay off the debt faster and strengthen your overall financial position.
Having bills we can't afford to pay or important things we can't afford to do for our families can put a lot of stress on us and our relationships. However, this pressure can be positive if it motivates us to find a solution to our problems. One such solution could well be an unsecured debt consolidation loan.

Different lenders offer different terms and conditions on their unsecured debt consolidation loans, so don't rush into making your application. Shop around for the best loan for your needs. Look for the lowest fees, lowest interest and best terms that will allow you to save substantially on your monthly payments while getting out of debt as quickly as possible.

Once you consolidate all your non-mortgage debts into one unsecured debt consolidation loan, you'll immediately release a lot of stress from your life. Life will seem more manageable and if you have been suffering from a stress-related illness, your body will begin to recover. You'll also have a lower risk of getting serious illnesses such as diabetes and heart disease, as well as find it easier to lose weight or maintain your ideal weight.

So make a healthy lifestyle decision and consolidate your debt into one unsecured debt consolidation loan. You'll wonder why you didn't do it sooner.

Discover the power of an unsecured debt consolidation loan to effectively get your finances under control. Visit to find out more about how you can turn your finances around.

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Tuesday, February 20, 2007

Unsecured Business Loans - Now is the Time to Invest

If you are searching for money to invest in your own business, then all you need to do is click Unsecured Business Loans.

Yes, it is as easy as it sounds. Now getting loans for running a business has become much easier than what it was till a few years back. Previously, lenders were pretty unsure about providing Unsecured Business Loans, especially to those who were just starting up their own little business.

But now the times have changed, particularly due to more and more lenders going online. With increasing number of lenders providing easy and quick unsecured loans, the competition has got stiff and it is getting stiffer with each day.

As a result You have a benefit here, as different lenders offer you with good offers and propitious deals. Different offers would have different good features -- easy and comprehensive terms and conditions, flexible repayment options, competitive rates. You can choose any plan that suits you best and meets your business requirements in the best possible way.

Unsecured Business loans, especially the short term loans, are ideal for a business. You can take such a loan in any of the following cases:

You are planning to start a business and you need money to set up and float the business.
You wish to buy tools and equipments, machinery and other assets for new or existing business.
You want to foray into different grounds with your existing business or set up a new business.
You want to expand the functions of your business.

The best part of unsecured business loans is that you don't have to keep any of your assets at stake to act as collateral. The amount you can borrow can be anything in between £50,000 to £100,000 which you can repay in monthly instalments. The time of repayment can range between1- 20 years. However these things would be decided based upon your requirements, your credit history, and the necessary details pertaining to your business.

Having gone through all the procedures, which are again bare minimum to keep them trouble free, you can then get the money that you require and invest in the business as you had planned.

Sunday, February 11, 2007

Wedding loans – make your day special

A wedding is a happy occasion. But expenditures can skyrocket in the process. For people who are not sure of their financial standing, there are customised loans to meet these expenses.

There are several ways through which people can avail wedding loans. If a person wants something cheaper in terms of interest rates, secured wedding loan would be the perfect one to take. Here, one needs to put up collateral as security to avail the amount. The money one can borrow with wedding loans is a significant amount – typically a maximum of £75,000. This figure can go higher if the collateral furnished is of greater value. The repayment period can be as long as 30 years.

Secured wedding loans do not cater to a fixed clientele. In other words, people having adverse credit – arrears, defaults, CCJ’s etc – can also take this loan by simply furnishing collateral. However, the borrower should be careful with collateral in place. If the amount is not repaid on time, there is a chance that the lender may repossess it.

If people are looking for a smaller amount, they can avail it without putting collateral at stake. Still, with the lack of collateral comes a price. The interest rates with unsecured wedding loans tend to be higher, as the lender looks at cushioning a potential repayment default. Also, the repayment duration is lesser than what one gets for a secured wedding loan.

Wedding loans can be procured from various sources, ranging from traditional institutions like banks and building societies, to more customer-oriented avenues like private lenders and the Internet.

Before applying for loans of this type, the borrower should research the options thoroughly, look for hidden charges that may possibly be, make comparisons and then avail. This way, one can circle impending pitfalls that come in the form of fraud lenders.

Wednesday, January 17, 2007

Unsecured Personal Loans: MultiPurpose Tools

There are many situations in life when you need some cash fast and devoid of any hassles. The cash may be for many reasons. It may be for purchasing a vehicle, enjoying a holiday or some other personal use. In such a situation an unsecured personal loan can be a boon. An unsecured personal loan is exactly what the name suggests. It is a loan amount without any security collateral. Such loans are increasing in popularity now that more and more businessmen are looking to opt for such loans over secured loans. The reason is plain simple, the loan process is much simpler and easy to follow.

Advantages of an unsecured personal loan

An unsecured personal loan has many advantages over normal loans. Let us now look at some of them.

Instant Loan Processing

In unsecured personal loans, the loan processing takes place much faster than it usually does. This is because there is no property to evaluate as in secured loans. So the turn around time is much lower than the secured loans.

No Risk

In unsecured loans you have no risk of your property or collateral being seized in case you default on your payments. This is what prompts many borrowers to look for such loans. On the other hand, there are very few lenders who are willing to lend such unsecured loans. This is because if you default on payments, then they will have to pursue legal action against you rather than simply seizing the collateral. Another pre requisite for securing an unsecured personal loan is good credit rating. If you do not have good credit rating, then you will find it extremely difficult to get the loan. Even if you are able to secure an unsecured personal loan with the bad credit score, the interest rate will be much higher than normal loans. You will also not be able to negotiate on the rates and terms and conditions of the loan.

Borrowing an amount that you cannot repay

This is another mistake made by most borrowers. Since there is no risk involved, most borrowers borrow an amount that they cannot repay. The loan amount does not compliment their financial situation. It is extremely important that you keep your financial situation in mind before you borrow an unsecured personal loan. Discuss the interest rates, charges and monthly payments with the lender before you borrow the loan. You need to assess this information and then determine whether you can pay off the loan on time.

Shop around

Though there are many lenders who will lend you unsecured personal loans, there are many scams out there as well. You need to shop around till you find a lender with good rates and terms. Negotiation is the key to securing good rates in personal loans. Keep negotiating till you get the best rates. Also stay away from any lenders who are not very keen on answering all your queries and doubts regarding the loan. The lender should be more than happy to guide you through the entire loan process step by step. The lender should also help you to understand all the terms and conditions and hidden costs beforehand.

Compare rates

You need to compare a few rates from various lenders. Remember, the rates from one lender are not always the best. You may be able to secure much better rates with another lender.
Unsecured Personal Loans can be a fast and easy way to some hassle free cash.Unsecured personal loans do not require you to pledge any security or collateral.

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