Being in debt can be a stressful time for all concerned, and here at First Loans UK we want to be sure that we are not making matters worse for you by arranging a secured loan on which you are not comfortably able to keep up the repayments over the term of the loan.

One of the main reasons for people choosing to have a secured loan is debt consolidation. This is often used to consolidate any existing debts you may have into one single new loan, with lower monthly payments. If, however, you are regularly finding yourself in the situation of needing to consolidate your debts, you may benefit from advice from a debt counsellor to find the best way of managing your finances and the current debt situation you are in.

There are various solutions to debt problems, and we would recommend that you contact any of the following for help and advice as early as possible. The services provided by these organisations are free and confidential.

Consumer Credit Counselling Service - www.cccs.co.uk

Citizens Advice Bureau - www.citizensadvice.org.uk

National Debtline - www.nationaldebtline.co.uk

For general information on money saving ideas, take a look at www.moneysavingexpert.com

To apply for a secured loan, you must be a home owner. All loans are subject to status. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.