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Could a secured loan be the way for us?

carriel_2 · 2006-08-31 08:20:21

I've been reading through all of Martins info on Secured Loans this morning & i know they are evil & it would be increasing my debt at a high interest rate, but i'm wondering if we might be one of the small % that these loans are actually good for? I'll do my best to explain, we've been struggling for nearly a year, & now…

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Verbatim Posts: 4,831 Forumite

31 August 2006 at 2:49PM

Only prob is if house prices rise more than wage rates you could be worse off. The money you had put away wld then buy less of a percentage of your new property than if you were to buy it now.

CCs @0% £24k Dec 05 £19,621.41 Au £13400 S 12600 Oct £11,981 £9481 £7500 Nov £7250 D £7100 Jan 6950 F £5800 Mar£5400 May £4830 June £4660 July £4460 Aug £3200, S £900, £0 18/9/07 DFW Nerd 042
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Could a secured loan be the way for us?

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