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There are more and more lenders now in the market place and all it seems are offering to lend you money at what they say are cheaper interest rate for you to lend money. So obtaining the cheapest secured loan you would think is relatively easy. Well the facts are that it is true as more and more UK. High street lenders are being more flexible about who they will lend to and have relaxed their lending criteria especially for those people who have an impaired or bad credit history, this includes people with arrears, defaults and CCJ's.

If you have a good credit history & own your own house you will get the lowest rates on the market for your secured loan. Even with an impaired or bad credit history you may be surprised at how low the rate may be. All loans are secured on your property as a second charge behind your existing mortgage lender. However if you fail to make all the payments requested by your lenders your home may be at risk.

So even if you have a bad credit history you may still get a secured loan with a lower interest than you thought.

There is fierce competition in the market to offer you a cheap secured loan or secured loans. But before committing to and signing any secured loans agreement do your research to ensure you are getting a good deal for you as all loans depend on your individual circumstances.

Be aware of the APR and especially be aware of the variances of the APR; some may begin low but may rise sharply, another may offer you a rate that will be fixed for a period of time and some where you may make not payments at all for a specified period. Before signing and completing on your loan ensure that you fully understand the terms and conditions of your secured loan.

If you are taking out a secured loan you should also consider taking out payment protection the lender will again supply you with the terms and conditions prior to you completing on the loan.If you encounter problems with your repayments the payment protection plan will cover you in the main for accident, sickness and unemplyment though different suppliers cover for differing events so please ensure you effect the cover that suits your particular needs.

With the development of the internet, and instant access to more and more lenders and providors we are able to assist you to get the loan that you require, we can ensure that we get you as quickly and efficiently to a lender that will give you a decision on the loan you require and they will in turn ensure that they offer you the cheapest secured loans that they can.