Britons secret loans

Tuesday, February 5, 2008

More than 1 million people in the UK have secret loans that they have taken out. These are loans that a partner do not know about.

Around £7.7 billion is borrowed in this way.

These loans are either taken out to consolidate other loans or to pay for things like cosmetic surgery.

People should be more open and honest about their finances in general.

If you are struggling with these payments it is worth looking around to see if you can do anything to reduce your monthly payments and ease the burden.

One such way, could be to look at a debt consolidation remortgage. This will allow you to raise funds to pay off your more expensive loans and credit cards and reduce your monthly payments.

If you would like to discuss a debt consolidation remortgage, please feel free to contact Solution Mortgages on 0845 123 1260 or apply online at www.solution-mortgages.co.uk