MoneyMole Announce 3 Reasons Why Secured Loans Might Be a Good Option

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With recent news flooding the media of a second recession, MoneyMole have announced the assistance secured loans can provide in times of financial difficulty and who is eligible for the service.

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The team at MoneyMole have listed some reasons why secured loans might be the right choice for anyone considering the option of extra financial help

As one of the UK’s largest national financial brokers, the experts at MoneyMole are experienced in offering secure loans to homeowners of all different financial backgrounds. A member of the renowned financial agency explains how secured loans can appeal to a wide audience.

“With the threat of even more difficult economic times ahead, the thought of how to cover the never-ending costs of a new vehicle, family holiday or home improvements can seem daunting. Often referred to as “fast loans” or “quick loans”, secured loans can cover these costs and can be offered to individuals, families or businesses.”

The team at MoneyMole have listed some reasons why secured loans might be the right choice for anyone considering the option of extra financial help:

1.    Most financial companies offering secured loans are aware of the detrimental effects the economic downturn has had on peoples’ incomes. A secured loan means that the customer does not need to provide proof of income. The team at MoneyMole are always quick to stress the importance of being financially responsible but understand the benefits that a secured loan can have for anyone who might be experiencing temporary monetary strains.

2.    For anyone with the unfortunate attachment of past credit problems, secured loans are a recommendable option. Because a secured loan carries fewer risks as far as the creditor is concerned, the option is normally available to even those with a bad credit rating. At MoneyMole, the team also accept people for loans who may previously have been declared bankrupt.

3.    During a credit crunch, a secured loan can be a great alternative to re-mortgaging, to either consolidate debt or provide extra money to give customers more financial leeway and a sense of relief during difficult times.

Based in Essex and London, MoneyMole is one of the UK’s largest financial brokers. Specialising in providing customers with a range of financial services including the arrangement of secured loans, unsecured loans, re-mortgage, or life insurance, the company have a trusted reputation for helping people from a range of financial backgrounds.

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Ben Austin
MoneyMole
0800 088 6000
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