Unsecured Loan Implications

It is essential that you are aware of the unsecured loan implications and benefits, so that you are best informed about which is loan type is right for you.

Our Loan Application advisors can help to discuss your options as we may have loan alternatives which your circumstances would be more suitable for. Please contact us today on 0800 980 4256.

Implications of an Unsecured Loan

• Unsecured loans normally have a higher interest rate than secured loans, making them more expensive.
• If you have a bad credit history there is less chance of your loan application being accepted.
• Don't think than an unsecured loan means that you are immune from creditor action, as they can take you to court over non-repayment of your unsecured loan.