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UNSECURED LOAN UK, BUSINESS PROBLEM, CHEAP MORTGAGE
Unsecured loan UK * business problem * cheap mortgage * IVA unmanageable * unsecured loan UK * homeowner * tenant * non homeowners * personal cash loan * low interest rate mortgages
An unsecured loan is often referred to as a personal loan in the UK. However, that doesn't mean that an unsecured loan can't be used to solve a business problem. If you are starting a business you may need a loan in order to provide startup capital for the business. Or, alternatively, you might want to see if you can switch to a cheap mortgage and release some of the equity in your home to use to help your business problem.
Fuelled by low interest rates, the UK unsecured loan market has boomed in recent years. Credit cards and personal loans make up the bulk of unsecured lending and the increased use of these has seen levels of personal debt reach an all time high. And that's before you take into account loans which are available only to homeowners, rather than to tenants, such as secured loans and low interest rate mortgages.
Cheap mortgages and other forms of borrowing are all very well, until such time as the repayments become unmanageable. The UK's love affair with loans has
seen a rise in the number of people resorting to an
IVA to solve their debt problems.
IVAs are aimed at people who have got an unmanageable level of debt and are unable to keep up their repayments. These kind of problems can affect anyone. After all, that cheap personal cash loan you are able to afford whilst you are working might seem very different if you suddenly lost your job as a result of illness or redundancy.
An IVA allows someone who is struggling with the problem of unsecured loan repayments to reach an agreement with their creditors and be debt free within five years. If you have unmanageable debts an IVA could be the answer.
Whether you have a personal loan issue or a business problem, it makes sense to talk to an expert before deciding whether to apply for a further homeowner or tenant loan, or whether to investigate an IVA. You can use the links on this website to contact a specialist for further help.
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We are licensed under the Consumer Credit Act 1974 to carry on the business of consumer credit, consumer brokerage, debt adjusting and debt counselling, credit reference agency and canvassing off trade premises. Our Consumer Credit Licence Number is 587232.
Enquiries generated via this website are passed on to Financial Advisers, Mortgage Brokers, Licensed Credit Brokers and Lenders.
Divadani Finance and Divadani Loans are trading styles of Divadani Limited.
Company registration number 5256587. VAT registration number 877 4798 45.
OUR TYPICAL, VARIABLE RATE IS 13.2% APR. 66% OF LOANS ARE COMPLETED AT THIS RATE OR LESS.
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. |
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