Home - Mortgage Loans | Personal Loans | Bad Debt Loans | Foreclosure Loans
Apply for a Loan | Best Auto Loans | Best Bad Credit Auto Loans | Best Bad Credit Loans | Best Bill Consolidation Loans | Best Cash Advance Loans | Best Credit Cards | Best Credit Repair Tips | Best Debt Consolidation Loans | Best Free Credit Reporting Tips | Best Home Equity Loans | Best Mortgage Loans | Best Pay Day Loans | Best Personal Loans | Best Products on the Internet | Best Unsecured Loans
Great Financial Advice
Apply for a Loan
Latest Financial News
Rate Lock Advisory
Best Products
Join Our Mailing List
Contact Us
Loan Articles Index
Auto Loans
Bad Credit Auto Loans
Bad Credit Loans
Bill Consolidation Loans
Cash Advance Loans
Credit Cards
Credit Repair Tips
Debt Consolidation Loans
Debt Reduction Loans
Foreclosure Loans
Free Credit Reporting Tips
High Risk Loans
Home Equity Loans
Home Loans
Lawsuit Loans
Mortgage Loans
Pay Day Loans
Personal Loans
Products on the Internet
Real Estate Services
UK loans
Unsecured Loans
Loan Article Index
Loan Articles A-G
Loan Articles H-Q
Loan Articles R-Z
Mortgage Calculators
Mortgage Calculator
Mortgage Amortization Calculator
Rent vs. Buy Calculator
How Much Can I Afford Calculator
Auto Payment Calculator
Click here to Sign up for Email and Newsletter


redhotloantips fat loss

Finding a Secured Loan to Meet Your Needs

Written by: John Mussi

If you're in the market for a loan, you might want to consider looking into getting a secured loan.

A secured loan is one that uses some piece of physical property, known as collateral, to provide security to the lender and guarantee that the loan will be repaid.

There are several different types of lenders from which you can receive a secured loan, and each tends to have its own advantages and disadvantages.

Before deciding on a loan, you should take the time to investigate your options and see if a secured loan from a traditional or alternative lender might be right for you.

Banking Loans

When most people think of loans, they think of loans that are issued by a traditional bank in their local area. Many of the bank loans that might come to mind are actually one form of secured loan or another. even a mortgage or auto financing loan uses the purchased item as collateral.

Banks offer the convenience of a secured loan issued from an institution where you already have savings or chequing accounts, but may tend to be more selective and have more fluctuating interest rates depending upon the local economy and your personal credit history.

Loans from Finance Companies

Finance companies and other lending companies tend to focus completely on loans. there's a good chance that the loan that they offer is going to be a secured loan, but they usually boast a much higher acceptance rate than traditional banks especially for those individuals who have had credit problems in the past.

Unfortunately, many finance companies and similar lenders tend to charge higher interest rates than traditional banks or online lenders. after all, their sole business is lending and they use interest rates to make all of their profit off of the loans.

Online Loans

When compared to traditional banks or finance companies, online lenders are newcomers to the loan industry. The number of consumers who use online lenders grows every year, though, so they must be doing something right.

Online lenders offer the convenience of applying for a secured loan from the privacy and security of your own home, 24 hours a day. and usually offer interest rates to a wide variety of individuals from all credit levels that are at least comparable to those of banks with appropriate collateral.

The main drawback to using online lenders is the lack of interpersonal contact or "face time" that you would get from going to a bank or finance company.

You may freely reprint this article provided the following author's biography (including the live URL link) remains intact:
About the Author

John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the www.directonlineloans.co.uk website.

Other Related Articles:

Benefits of a Home Owner Loan
There are many benefits for choosing a Home Owner Loan, some of which are listed below: If you are a homeowner, you have a better chance of borrowing a homeowner loan and securing the amount against your home .A secured loan is so called because...read more

Reasons Why a UK Personal Loan Might Be a Good Idea For You
When people look at their financial portfolio many do not consider loans as a wise option. This is because people see the principal plus the interest and automatically assume that alone is a bad decision. That is not always the case. When...read more

How to Qualify for a Home Mortgage Loan
Are you considering applying for a mortgage loan to purchase your first home? If so, you should read the following tips below that will make the process easier! If You Have a Good Credit History It Is Easier To Qualify For a...read more

Return to Home


Best Auto Loans, Best Bad Credit Auto Loans, Best Bad Credit Loans, Best Bill Consolidation Loans, Best Cash Advance Loans, Best Credit Cards, Best Credit Repair Tips, Best Debt Consolidation Loans, Best Debt Reduction Loans, Best Foreclosure Loans, Best Free Credit Reporting Tips, Best High Risk Loans, Best Home Equity Loans, Best Home Loans, Best Lawsuit Loans, Best Mortgage Loans, Best Pay Day Loans, Best Personal Loans, Best Products on the Internet, Best Real Estate Services, Best UK loans, Best Unsecured Loans
Subscribe to Mailing List | Private Policy | Unsubscribe | Site Map