Secured loans are another form of debt consolidation.
A secured loan is a loan which is secured against your property and only homeowners are awarded this type of loan.
It can be an effective way to consolidate your debts; however, if you cannot keep up the repayments on a secured loan your lender could place an Inhibition on your property and even force you to sell it.
Before you consider any course of action to consolidate your borrowings, please seek advice from TC Debt Solutions based in Dunfermline, Fife and Edinburgh for impartial advice, confidential advice, free advice. Too often we see clients who have increased what they owe, that they have to repay over an extended repayment period, without it being necessary.