A financial website has reminded consumers that a secured consolidation loan is still a good choice for solving homeowner debt.
Thinkmoney.com said that the secured loans market had faced many difficulties recently due to the current economic climate but, despite this, there were many loans available to borrowers who could find the right deal for themselves by looking at the available providers.
A spokesman for the website said that there was "no question" of the increase in difficulty for many people to secure credit but that the situation was not as bad as it may seem to borrowers.
He continued: "Talking to the right company can make all the difference between being offered credit at a competitive rate and being unable to avail a secured loan at all."
After FirstPlus pulled out of the secured loans market, Moneyfacts reported that it was diminishing on a whole, with another seven lenders including Alliance & Leicester and Capital One also dropping out of the lending medium.
JST Financial, Unsecured, Personal loan Specialists catering for good and adverse credit for tenants and homeowners 