With the festive season well on its way and Christmas fast approaching, it is inevitable that many households will see a significant increase in expenditure during December. One effect this can have on the secured lending industry is a huge increase in the number of people looking to take out a loan for the purposes of debt consolidation. In recognition of rising post-Christmas debts, Loan Talk spoke to a number of industry experts to find out how secured loans can be used to consolidate unsecured debts, exactly how the process works and whether this trend is set to continue...
Marie Grundy and Dave Pinnington of V Loans explained, “Balance transfers are becoming more difficult to secure, even for credit-worthy clients, and Credit Card...