Secured loans should be considered as a viable debt solution offering products that are affordable and sustainable.
An increasing number of clients are taking out charge products to help with growing debt concerns.
Clever Lending says it has seen a sharp increase in broker enquiries on behalf of clients needing to get their credit profile back in shape at the start of 2017.
Bank of England data shows that personal debt grew 10.8% in the year to 30th November 2016 to £192.2bn in the UK – the highest level since December 2008.
The rise in household debt, alongside record low rates on second charge products, are creating more opportunities for brokers to help their clients, accordin…
Read the full article at: http://www.financialreporter.co.uk/specialist-lending/second-charge-market-sees-surge-in-debt-consolidation-demand.html
