Tag Archives: Secured

Commercial Secured Loans – Ideal finance for your business

Commercial Secured Loans – Ideal finance for your business

A perfect combination of discipline, hard work and proper training can take your business to new heights helping you in accomplishing the desired success. Discipline is needed in every area in an organisation ranging from managing the employees, maintaining the environment of the organization, coordinating the work in the organisation or the finance.

Maintaining discipline in the field of finance is the primary function of every businessman. It is truly said that money moves the world around. And the same applies to the world of business. Every business needs adequate finance for its smoother running and managing it is a tough task. Need for funds may arise anytime in a business, in such circumstances, commercial secured loans can be the best source of finance for the UK businessmen.

Commercial secured loans as the name indicate are tailored for businessmen who need funds for commercial purpose. These loans are very flexible and come in variety of structure to meet the diverse needs of the UK businesses.

An important feature of commercial secured loans is that the borrower needs to put a security against the loan. Any of these – commercial property, equipments, invoices or order books can work as collateral against the loan.

Big as well as small business projects can be financed with commercial secured loan. These loans are multi-purpose loan and can be put to diverse uses namely the purchase of business premises, expansion, residential and commercial investment or property development and for many other commercial purposes.

Commercial secured loans provide affordable and effective solution to access the required capital. Loan terms attached with commercial secured loans are usually longer ranging from 10 to 30 years. Borrowers with commercial secured loans get an opportunity to withdraw an amount ranging from £75,000 to £15 million depending on your business trading history, borrower’s Credit rating, industry type and the collateral kept as a security against the loan. Some lenders can also provide you the loan of even a higher amount if they find your financial status worth.

The loan market at present is swamped with large number of lenders competing to grab more and more customers. You can make use of this opportunity and can seize the best loan deal. Many banks, financial institutions and online lenders can offer you commercial secured loans. But, in case you are looking forward to get the best deal in the most convenient way online lenders are the best option.

Online loans offer complete ease and comfort in getting a loan arranged. You just need to fill in a small application form online and the lenders will contact you as soon as they find appropriate loan deal that matches your individual circumstances to the best. You can search online commercial secured loan providers through various search engines namely google, yahoo or any other. Browse through the lending websites, you will definitely find the loan deals amazing. Don’t choose any loan deal you are offered blindly, collect loan quotes from all the lenders and compare among them. Thorough research will help you get the best loan deals that attach best loan terms with it.

Shortage of funds in a business can be easily met with commercial secured loans. Stay focused on your goals, try to keep track of your funds, the opportunities are just as great today as they ever were you just need to work a little harder.

Secured business loans – An opportunity to showcase one’s entrepreneur skills

Secured business loans – An opportunity to showcase one’s entrepreneur skills

Publilius Syrus’s statement, “Money alone sets the entire world in motion” holds true to the world of business. Starting a new business involves huge investments. You may have big plans for the business but they won’t work if you don’t have the money to finance them. There are different sources to finance the business. But the best and cheap alternative available in the finance market is the secured business loan.

Secured business loans require borrowers to put a security against the loan. Borrower’s commercial properties, machines or equipments can work as collateral. Secured business loans can be used to start up a new business or to enlarge the existing one. An entrepreneur can also utilize secured business loan to finance the working capital, which can be used to purchase raw material, paying the labour charges etc.

Borrowers can enjoy various benefits with secured business loans. A borrower gets the freedom to use the property which is kept as a security against the loan, to ensure smooth running of the business. Secured business loans are offered at low interest rate as the loan is secured against the loan.

With a secured business loan, borrowers get the option to pay either a fixed interest rate loan or a flexible interest rate loan. In a fixed rate loan, the interest rate is fixed in the beginning of the loan term and it remains constant throughout the loan period. While, a flexible rate loan implies that the rate of interest varies with fluctuations in the market rate of interest. A borrower can choose the interest rate according to his or her convenience.

Running a business is very risky, filled with uncertainty. You may get huge profits one month and big losses next month. Thus, returns are unpredictable. In such circumstances, flexible repayment option offered by secured business loans can be helpful.

Secured business loan providers can finance small as well as big businesses. You can borrow any amount ranging from £25000 to £10 millions. Few lenders can provide you business loan for a higher amount too. Amount of loan you can borrow depends on the value of the collateral and the lender you select. Repayment term of a secured business loans can be extended up to 30 years.

You need to stay prepared with some documents and business plan to apply for the business loan. A borrower needs to submit following documents with the lender to get a secured business loan:

•Business financial statements

•Business tax returns

•Personal financial statements and tax returns

The next thing you need to work on will be the business plan. Your business plan must include information regarding the product you produce or plan to produce. Give details about your present and future marketing strategies, what are other sources of finance you have employed in your business, your management structure and the risk involved in the business. So highlight your financial performance both in the past and in the future. You will be more impressive if you have carefully thought-out and become familiar with your plan. A good business plan can brighten up the possibility of getting a fast and cheap secured business loans.

A borrower needs to concentrate on one more area, that is, his or her credit score. This will be an important aspect on which the lender will be looking at. So try to improve it by paying out old debts and it will be easier for you to grab good rates in the market.

Secured business loans are offered by commercial lender as well as financial institutions. Now, you can apply for a secured business loans online too. Browse through various loan websites and collect loan quotes from them. Compare loan quotes and find the one which you find the best satisfying your needs and expectations.

Starting up a new business or expanding the existing one may require huge investments. Secured business loans can serve this purpose in the most efficient and effective manner by offering low and flexible loan repayment options.

Capital One Secured Credit Cards: Good Choice For Bad Credit

Capital One Secured Credit Cards: Good Choice For Bad Credit

Never mind the story behind the name. There’s an obvious reason it’s called Capital One, and one of them is that it’s the credit card of choice for people with huge need for capital.

Since its creation in 1995, Capital One has become a successful financial service provider. The global company maintains operations in various countries. Forbes Magazine lists Capital One as one of the 100 Best Companies to Work For. And why not? Capital One offers an array of financial services, including home, auto, and personal loans; financing for dental, medical, and cosmetic procedures; and various banking services. Furthermore, the company provides a line of credit cards touted as the perfect fit for people with bad credit: Capital One secured credit cards.

Secured vs. Unsecured
A secured credit card is one that requires an applicant to submit a security deposit. If you have bad credit or none at all, odds are you can only get approval for a secured credit card, or an unsecured credit card with high interest rates and fees.

Should you feel insulted about being asked to put up a security deposit before you can get a plastic? You could, but this would be a waste of time. After all, there are many credit card companies that will readily offer you credit cards, but these come with steep initiation, registration, monthly, and annual fees. So if you have bad credit, it makes more sense to send in a deposit to secure one of the Capital One secured credit cards.

Advantages of a Secured Credit Card
In addition to saving money by obtaining a Capital One secured credit card, you could also get money back, in the form of your deposit. Just be sure to follow your payment agreement with the company, and avoid defaulting on the account. Furthermore, by establishing credit with a top credit company, you are improving your chances of being offered an unsecured credit card later on. You see, if you pay off your dues religiously, you are already building good credit history. Your credit score improves every time positive payment history is reported to one or all of the major credit bureaus.

Applying for Secured Credit Cards
While secured credit cards have their advantages, it is wise to apply for a Capital One secured credit card first before getting a secured card. This is because the steps involved in applying for Capital One secured credit cards vary only slightly from those required of applicants for secured credit.

Credit Limits
If you get a secured credit card, your credit limit will be based on how much you deposit into your secured account. Capital One secured credit cards’ initial credit limit is 0. You might find this sum laughable. After all, it’s not enough to pay for a new car or roundtrip tickets to Timbuktu. But remember that Rome was not built in a day. Likewise, rebuilding bad credit takes time, and is an activity best done step by patient step.

Making the Secured Credit Card Temporary
Capital One secured credit card is one of the few options left to people with bad credit. So, be always mindful that you don’t exceed your credit limit. Where credit scores are concerned, the magic number is 750. If your credit score reaches that value, you can be approved quickly for credit cards, auto loans, and mortgages. In addition, the American Congress has passed the Fair Credit Reporting Act. The law standardizes the collection, using, and sharing of consumer credit data. This provides help in turning bad credit into good credit.

Everyone deserves a second chance, and the Capital One secured Credit cards offers exactly that to people with bad credit. Don’t waste second chances. There might not be a third one.

Car loan – Homeowners loan – Secured personal loan – Car finance

Car loan | Homeowners loan | Secured personal loan | Car finance

Finance is an important sector in our personal as well as professional lives. One cannot let money matters forego as it is a part and parcel of our daily needs and helps in living a comfortable life. However, want of money can be a pressing situation that can give any of us sleepless nights. At times, there are many situations when we are stuck in helpless situations when we are in need of loans. Sometimes, we are in such a situation when no banks or financial institutions are ready to pay us loans. Therefore, in order to help you out in your financial crisis, Choiceofloans is there to help you with various loan facilities that will lighten your burden.

Well, in case you are looking for a loan that can help you out in purchasing a new home or searching for a debt consolidation loans that will help you in reducing the burden of credits, ChoiceofLoans is one stop destination. It is specializes in secured loans, home owners loans and remortgage loans even if you face bad credit ratings.

With this, you can manage all your debt loans in an easy and hassle free way. In case you are worried about your outstanding loans and want to consolidate it, you can avail affordable debt consolidation loan policies that will lower your outgoings by 75%. If you are unable to handle your existing remortgage payments and looking for a good alternative, the company serves quality professional services that will make sure you pay off your debts in a hassle free way. They offer all loans at low quotes that make it easy for everyone in availing the brilliant loan services.

ChoiceofLoans offers you all the above said loan facilities even if you have been denied loan by County Court Judgment (CCJ) and have poor credit mortgage. This will help you in dealing with your financial woes by providing much needed cash. Choice of Loans is a renowned name in the UK for its loan services that come at 7.9% APR variable – 15.9% variable.

In order to help you in a thorough way, they are trusted partners with Paragon, SPPL, Firstplus, I Group, City Financial, Nemo, Swift, Welcome Finance and Future Mortgages that will surely help you out with various financial requirements in a personalized way. For more information about other financial services, make sure you fill their enquiry form that will help them in reaching towards you in a swift way. This will help you in solving all your financial needs in a simple way.

If you are looking for car finance, then also you can avail the facility of car loans and purchase your dream car with ease. So, no more sleepless nights and perplexed days when you are troubled with money constrains to solve your requirements. With choiceofloans in the UK, you can ensure quick car loans, car finance, home owner loans, debt consolidation loans, secured loans and poor credit mortgage in a simplified way. For more information about ChoiceofLoans, log on to www.choiceofloans.co.uk

The Truth About Secured Credit Cards

The Truth About Secured Credit Cards

Credit cards are everywhere and are needed for so many different things, especially with our increasing technology; such as the internet. With the internet available, without a credit card you could not making reservations, shop online or even pay certain bills online. But, what about those without perfect credit or no credit all? What kind of credit card can you get? The answer to this is a secured credit card.

Secured credit cards are cards where you have to pay an annual fee, but also put up cash, which ultimately becomes the limit on the credit card. If your payments remain in good standing you may be eligible for certain rewards and an increase in your credit limit without putting any more money up for collateral.

A bad thing about secured credit cards is the fees that come with it. Everybody knows that 95% of all credit cards come with an annual fee, don’t get me wrong some do not come with annual fees, but most do. A negative about the fees for a secured credit card is that a majority of them are much larger than an unsecured credit card.

Another bad thing about secured credit cards is that the APR (Annual Percentage Rate) is usually more as well. Both of these things mean more in fees, but either way, it makes up for it if you do not have that great of credit or no credit at all. Just knowing that you can build up your credit and eventually get an unsecured credit card can help.

Secured credit cards are available for those with bad credit or no credit. If you have ever gone through a bankruptcy or any other life changing event, then a secure credit card is the credit card that you need to begin looking at in order to start to rebuild your credit or even give yourself a head start on getting credit. Secured credit cards are much easier to get and can help you out in the long wrong.

The “Bad Credit Card” That May Do Good: Secured Cards

The “Bad Credit Card” That May Do Good: Secured Cards

There are thousands of different credits cards in circulation. And millions of people the world over use them. Unfortunately, not everyone uses their credit card sensibly, though, as many of these same people find they have made expensive mistakes in how they handle their cards.

No doubt you can locate quite a few credit card users who are convinced that plastic money is dangerous. However most of these people have simply consistently overspent and ended in debt. Responsible use of a credit card, on the other hand, is very helpful in managing your finances throughout the month.

Credit cards are available not just for those who have a lot of money to spend. Some are developed specially for people facing challenging financial situations. These cards are known as “Bad Credit Cards.”

Bad credit cards are exactly that – credit cards that have a very low or very bad credit limit.

Credit cards are normally one of two types – secured or unsecured.

An unsecured credit card is not tied to the size of a person’s bank account. The limit put on the credit card is determined by the lending institution after some form of credit scoring. If the bank decides that the holder of the card should have a larger credit limit, depending on the result of the scoring, it will grant them one. Many banks then monitor the use of the credit card to adjust the credit limit higher or lower after several months. If the holder pays back the full balance on the card every month, there’s a good possibility that the credit limit will be increased.

If you secure an unsecured credit card, you must bear in mind that a high credit limit might not always match your ability to pay it back. So caution is the byword!

Unsecured credit cards are the most common type. They are normally the choice of credit cards for those who card shop. Unfortunately these cards can also “assist” people to spiral deeply into debt.

If your finances are not in good shape, you should resist the temptation to obtain an unsecured credit card since using them could make your problems worse if your spending isn’t tempered by self-control (and a budget).

Bad credit cards, on the other hand, are secured. Their spending limits are governed by the size of the balance available in a holder’s account. For instance, if a person has 00 in their account, this is the amount of credit they will be permitted to use. If the balance ever goes down to zero, the owner will need to top up the account to continue using it.

Secured credit cards are sometimes referred to as pre-payment cards. This is because the credit limit is placed on the card by the holder. For a person who has been in debt previously, these cards are a very good, limiting alternative to no card at all.

Banks set these limits to prevent people from overspending. The credit card activity will also be watched to help prevent any future problems with uncontrolled spending. Using this type of card can eventually help repair your financial status.

Enjoy the Fête Called Life with Personal Finance Secured Loan

Enjoy the Fête Called Life with Personal Finance Secured Loan

Life without cash is unimaginable. With the growing financial requirements, it is very difficult to meet these needs simply by your regular income. In such a scenario, personal finance secured loan can prove to be a blessing in disguise.

Personal finance secured loan can facilitate you to battle out your financial strain with valor. The equity within your home can prove to be a life-savior amidst a financial crunch.

Secured loan can be procured easily by pledging collateral against your loan amount. A securable property acts as a guarantee for your loan repayment. This guarantee minimizes the risk for the creditors’ and ensures low interest rate. Home is usually the most favored form of collateral used for a secured loan. You should make sure that you borrow only the necessitated amount, which you can afford to repay. The reason being, any defaulting in the scheduled repayments can lead to repossession of your home.

You can cater to an assortment of purposes with a personal finance secured loan such as:

•Education

•Debt consolidation

•Home improvements

•Wedding

•Purchase of a car

•Funeral costs

•Vacation

•Cosmetic surgery

•Miscellaneous expenses

It is a viable loan solution even if you are coping with a tainted credit history. Though lenders are normally apprehensive to offer competitory rate of interest if you have encountered with any of the following circumstances:

•Bankruptcy

•Individual Voluntary Agreements or IVA’s

•County Court Judgments or CCJ’s

•Defaults

•Slow credit or No credit

•Arrears

•No proof of income

•Self- employed status

Yet, the reason that you would pledge your property against your loan amount makes it easier for you to access personal finance secured loan. The interest rates on your loan amount would be comparatively high, if you have a bad credit record. But these rates would definitely be more competitive than those availed on an unsecured loan.

You can navigate through a range of loan quotes that are provided by various loan providers. This would be beneficial to locate personal finance secured loan to customize with your personal state of affairs. It is advisable to pursue a thorough research before you embark upon a secured loan. A little spadework can keep you well informed of all the pros and cons of a personal finance secured loan. It is a good approach to avoid any negative repercussions.

Can’t Get A Credit Card? Apply For A Secured Credit Card Instead

Can’t Get A Credit Card? Apply For A Secured Credit Card Instead

A credit card is one of those ubiquitous inventions of the modern age that refuses to quit. In fact, it has made itself so necessary in our lives that we need one to rent a car, book a hotel room or just to buy a comicbook online. More than that, credit cards are one of the ways creditors take a peek at our credit history with and they can actually make or break our chances for a good loan, an apartment or a job. So what do we do if we’ve torn our credit to pieces? We turn to secured credit cards.

Secured credit cards are a great substitute for regular credit cards. Whether you have poor credit badly needing repair, can’t get a credit card or are new to the credit scene, a secured credit card can help you re-build or establish your credit.

How does it work?

A secured credit card is a cross between a credit card and a debit card. It requires collateral in the form of cash deposited in an account. That amount then functions as your credit line. So if you deposited 0 in your account, you can use your secured credit card to purchase items up to 0, nothing more. The catch is, you have to pay it back.

Some banks offer to give you more credit as a reward for being a good client (i.e., you pay your bills on time) or maybe allow you to charge up to a certain percentage more than your deposit amount. You only need to pay a small interest rate to cover for that type of usage.

What’s the minimum deposit amount?

Depending on the type of card you chose or on the banking institution, most secured credit cards will require a deposit starting at 0. There is no limit to how much you want to add later on.

What to look for in a secured credit card

Compared to unsecured cards, secured credit cards require annual fees and come with higher rates. If you’re shopping around for a secured card, make sure to get one that has no application fee. You will have to pay an annual fee so choose a secured card that does not ask for a prohibitively high charge.

Watch out for secured credit card agreements that hide fees or ridiculous add-ons that you don’t really need. An example is one where a credit card company will approve your secured card application provided you sign up for a monthly insurance policy that costs .

Where can I apply for a secured credit card?

Not all banks offer secured credit cards but you can still check out your local banking institutions if it’s still part of their product line. You can also check with your credit unions since many of them offer these cards to members only.

Using secured credit cards to build credit

While most banks target clients who have never had credit before as the main users for secured credit cards, many consumers use secured credit cards to help re-establish their credit. To do this, consumers need only to use their secured cards and ensure that the bill gets paid each month. By establishing their reliability, the consumer establishes positive credit.

The future of secured credit cards

Secured credit cards are still the choice of many card holders, but many are giving up their secured cards in exchange for unsecured cards. Unsecured cards don’t require cash collateral, which accounts in part for their attractiveness. A secured credit card is still a great choice, especially for people who are still building credit or for those who are trying to rebuild theirs.

Secured Finance What Is It And How You Can Obtain It

Secured Finance What Is It And How You Can Obtain It

The most common form of secured finance is a home loan. Here are the basics that are universally the same. The first thing you must know that, even though it is secured finance which has relatively fewer risks for the lender than an unsecured loan, it is still a major purchase and a loan of a substantial amount of money for a private individual to borrow.

Be prepared, for that reason, to fill out an extensive loan application, and a lot of information on the property that is being used to secure the financing. Be prepared to explain your budget – your income and your expenses, your assets and your liabilities.

Be aware as well, that your secured finance options can change at any time, as rates do change. Once you have that secured financing in place keep an eye on interest rates.

It may be that somewhere down the road you will see interest rates drop and can save some money through a refinance process on the same secured property. Refinancing a mortgage has become quite commonplace.

When you see a better rate that will save you some money, and more attractive terms, try to take advantage of that secured refinance opportunity to save yourself a considerable amount of money over the life of the mortgage.

No matter which finance option you choose – and for a home loan its almost undoubtedly going to be secured – you must make your payments on time. This is the most important thing you can do to your credit and your ability to retain your home. Nothing can hurt your credit rating than making your mortgage payments late.

And since it is a finance options secured with your own home, youre risking the roof over your head when you are late with a payment. If your mortgage company offers automatic debit payments through your bank account take them up on that. Dont risk your home and your credit.

The options for buying a new car with a loan are generally going to be secured finance deals, although you can make them with the auto dealer or with the bank. You generally have a greater percentage of your own money in the way of cash or a trade in of your present car than you do for a home loan, but you almost always need a secured finance lender as well.

The other choice you would have is to lease the car. The problem with leasing is that the car is never really yours and to make it so you will end up with a huge balloon payment at the end of the lease.

The auto dealer finance option, still secured with your new vehicle, means higher interest rates than most financial institutions. It does have its benefits, however. For one thing you can buy the car, finance the car on the spot and drive it home. For busy people this can be a considerable savings of itself.

Auto dealers have relationships with many lenders and know what institution will lend you what money and at what particular rate. They can, therefore do your comparison shopping for you and generally get you the best deal possible. If your credit is good these auto dealers may also have a special limited time offer on new car loans that they use as incentives.

Meet Monetary Needs at Your Terms Through Secured Loan Finance

Meet Monetary Needs at Your Terms Through Secured Loan Finance

Taking loan at lower cost is what every borrower looks around while searching loan market. Well, if you have property and willing to take loan against it then secured loan finance availing at easier terms and conditions become an easy and hassle free task. Once you take secured loan finance, you can utilize it for almost every purpose. The loan enables in renovating home, paying for expenses towards education, wedding etc, buying a vehicle or enjoying holiday trip.

Secured loan finance is available to borrowers of all financial backgrounds and thus caters to the needs of larger section of loan seekers. As is obvious, being a secured loan, borrowers have to offer some collateral as security for the loan to the lenders. Any property of the borrower such as home, jewelry, vehicle, valuable papers works well as collateral.

Borrowers have many advantages attached with secured loan finance. First of all secured loan finance can be availed at lower interest rate which is every borrowers’ primary concern. The rate of interest, though lower, may in fact be brought down further provided borrower makes extra efforts. One way is searching for the right lender. Each loan provider has his own terms-conditions including interest rate. Compare the lenders for lower interest rate and you may get secured loan finance at the lowest possible rate. Another effective way for taking the loan at lower interest rate is that one should borrow an amount that is below the equity in collateral in which case lenders will readily consider a reduced interest rate. Don’t forget there is a huge competition out there in the loan market for attracting customers.

As far as the loan amount is concerned, lenders usually provide secured loan finance in the range of £3000 to £ 75000. For availing greater loan, borrower should place collateral having larger equity in it which secures the loan more. Secured loan finance can be repaid in comfortable repayment term ranging from 5 to 30 years. You should, however, consider your financial position while deciding over the repayment term. In case you need to save money for extra expenses, prefer longer repayment term as payment towards monthly installment gets reduced.

Cost of secured loan finance availing falls substantially when you apply online for the loan. Online lenders do not charge any fee on processing the loan application or offering any information. Moreover, you can pick up suitable loan package out of numerous responses to the application.

Secured loan finance provides an opportunity to not only meet the needs but the loan may enable in making borrower financially stronger. The loan should be availed after careful study of its key aspects. Avoid any debt by clearing monthly installments in time.