Type of loan required?
Secured
Unsecured
Debt Consolidation:
The combining and repayment of several debts by borrowing the amount owed through one new
debt. It is often possible to reduce interest charges or monthly outgoings by doing this.
Debt Management:
An informal process of negotiation with unsecured creditors to obtain a reduction in the
contractual repayment and / or a reduction in the interest / charges being levied by the
creditor. The negotiation process involves providing proof to the creditor that the
individual has insufficient income to meet all their contractual liabilities.
Secured Loans:
A loan where the creditor holds a second charge after a mortgage.
Unsecured Loans:
A loan where the creditor holds no specific security over any specific asset for the
monies owed.
A & T Finance, Riverside House, 115 London Road,
Northwich, Cheshire, England. CW9 8AT.