Friday, July 20, 2007

Unsecured Loan- Pay your due debts with unsecured loans

Research done by a leading price comparison site revealed that most debt consolidation loans were taken in the month of March. Most borrowers had taken plenty of festive loans around Christmas, along with incurring credit card debts and, therefore, May is the most popular month to pay multiple loans and merge them into a single one. Unsecured loans are far ahead in winning the hearts of borrowers in UK than their secured counterparts. The advantages of unsecured debt consolidation loans are cited below.

  • Low risk- Since the borrower need not offer any security to the lender, there is no risk of the repossession of the property. This makes the deal risk-free for the borrower
  • Low interest rates- Most borrowers who opt for unsecur View the rest of this article


No comments: