Secured loans could help Brits keep new year's resolutions
23/12/2008With more than twenty million Brits revealing they intend to sort out their finances in 2009, secured loans could help people stick to their new year's resolutions.
Research by price comparison website Gocompare.com found some 43 per cent of UK adults plan to set themselves goals for the next 12 months.
Of those, 60 per cent are planning to make resolutions related to managing money.
Among the adults with financial goals for 2009, 48 per cent said they intend to get out of debt or reduce loan and credit card costs.
These people may benefit from taking out secured loans.
Generally, borrowers can get competitive rates on this type of credit as their property is used as security.
This means a secured loan can be used to pay off other debts, leaving people with smaller monthly repayments.
Commenting on Brits' plans for 2009, Hayley Parsons, Gocompare.com's chief executive said: "In the current financial climate, it's not surprising that money matters top the list."
 © Adfero Ltd
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