Compare unsecured loans
An unsecured loan does not require you to allow the lender to take a charge on your home or other property as security against the loan. This means you won't usually get an interest rate quite as low as a secured loan could offer, but an unsecured loan for the same amount as a similar secured loan is usually taken for a shorter time, so you may end up paying less interest even though the interest rate you pay is slightly higher.
What can I do with an unsecured loan?
You can usually do anything you like! The money is yours to do anything you want with. You could consolidate some more expensive debts, such as credit cards or store cards, buy a car or almost anything else that's legal! The best unsecured loans are low interest unsecured loans of course, but there are other things to look out for, such early repayment penalties, which you might want to avoid, or the possibility of a payment holiday, which may help give you an extra cushion throughout the period you have your unsecured loan for.
How long will an unsecured loan take to arrange?
An unsecured loan doesn't require a survey of your home or any other time-consuming piece of work and a fast unsecured loan could possibly be arranged within 24 to 48 hours. Although you don't have to own a home, it can help, as lenders refer to your credit report and home ownership will may mean that they credit score you higher and help make it more likely for you to be eligible for a cheap unsecured loan.
Bills that remain unpaid can result in default notices that appear on your credit report. Lenders want to ensure the products that have the best interest rates, such as the lowest interest rate unsecured loan, are made available only to creditworthy customers. If you use LowerMyBills to help you find a 0% balance transfer credit card now, your own money could go further and make it easier to ensure you don’t miss payments and fall into default.
Compare unsecured loans now!
Have a look and see how much difference the right unsecured loan could make to your finances. It won't cost you anything to find out. A low interest unsecured loan could help lower your bills right away if you use it to pay of higher interest credit or store cards. Compare low interest unsecured loans now
You could be only a few steps away from lower bills each and every month with the help of a low rate unsecured loan!
Experian® - the company behind LowerMyBills – also provides CreditExpert, which gives you access to your credit report and score enabling you to see what lenders see about you when they make a decision about which financial products or services are available to you.
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