This insures the lender against any costs incurred as a result of repossessing a property if you fall seriously into arrears... Remortgages are usually a lot cheaper... http://www.1steploan.co.uk/loans
However, even with remortgages, around a third (17 of 47) said that they received a confirmed decision in one week or less and with second charge mortgages this rose slightly to around a half (18 of 39)... They may also differentiate according to the type of credit in arrears... http://www.loan-in-uk.co.uk/loans
In particular, look out for card companies making introductory offers to new customers... If you have received any lender documents, they should include a statement telling you what they will do with the information, or telling you where to look to find out what use they will make of it... http://www.debt-consolidation-loan-in-uk.co.uk/loans
And remember you can only be sent to prison for non-payment of debts such as tax and maintenance, and then only if you have the means to pay but choose not to... Many PPI policies last for only five years, even though secured loan are often set up to run for longer than this... http://www.secured-loans-1.co.uk/loans
loan :We have, however, identified some practices which, at least, have the potential to raise questions about responsible lending... payments are calculated by your lender on the so-called Standard Variable Rate... Return it to the credit card company or store, or cut it up, so that you are not tempted to put anything else on it... http://www.compare-loans-4-all.co.uk/loans