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IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.
AN UNSECURED LOAN FROM A FINANCIAL INSTITUTION IS NOT SECURED ON ANY ASSET. SINCE THERE IS NO COLLATERAL ATTACHED TO THIS TYPE OF LOAN, LOAN PROVIDERS MAY SEE YOU AS A HIGHER RISK.
WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. FOR HELP, GO TO WWW.moneyhelper.org.uk
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