The rise in loan applications for Secured Loans and Homeowner Loans increased in July 2008.
www.loan-machine.co.uk saw a large increase in homeowners making applications last month in comparison to the previous 6 months in 2008. The increase can partly be accounted for by homeowners "shopping around" online as those with bad credit ratings struggle to be approved by their banks.
The increase in applications has resulted in an increase in approvals. Despite the credit crunch consumers can still borrow money.
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Written by Frank Polenose of Homeowner Loans and Get out of Debt
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