Secured and unsecured debt consolidation loans
There are two types of debt consolidation loans – secured and unsecured. A secured loan is when a debt is secured against your property. An unsecured loan is also called a ‘personal loan’.
Secured and unsecured debt consolidation loans have different consequences for your finances and it’s vital that you understand the differences between the two. It’s important to get free, impartial debt help before going ahead with any kind of debt consolidation.