Are you looking for a secured loan?

A secured loan is one that is secured against something you own – usually property, or another financial asset such as a car. The idea here is that the borrower has an incentive to pay back the loan on time. This provides the lender with security, and interest rates can be lower.

An unsecured loan, on the other hand, is not secured against anything. Interest rates can be higher because there is less security for the lender compared to a secured loan.

If you’re not sure which one is right for you, that’s what we’re here for!

APR stands for Annual Percentage Rate. This is the total cost that will be charged by the lender on a loan over a year. This APR is the rate of interest charged on your loan, plus any other additional charges. The APR of a loan must be disclosed by the lender before the loan is taken out, so you know exactly how much you will be paying back. The higher the APR, the more you’ll have to pay back.

For example, let’s say you take out a loan of £4,000 for a year and the APR is 10%. If you repaid the loan back within one year the total amount you would need to pay back would be £4,400, with the APR included. If you pay in equal monthly instalments for all 12 months, you’ll pay around £367 per month.

At Fluent Money we work with every customer on a very personal basis, and having a poor credit score doesn’t necessarily mean you can’t get credit, especially if you meet other appropriate lending criteria. Every member of our team is totally committed to helping you get the money you need whilst always being responsible with your repayment affordability. So whether your credit score is excellent or poor we’ll look at your individual circumstances to try to find the loan that’s right for you.

A credit score is a number that tracks how you spend money to show lenders if you’re a risk to lend to. It’s a measurement that looks at your past repayment history and any money you already owe.

There are a few simple steps you can take to improve your credit score easily, such as registering to be on the electoral register, avoiding taking cash out from a credit card, and cancelling any credit cards you don’t use.

A credit score is a number that tracks how you spend money to show lenders if you’re a risk to lend to. It’s a measurement that looks at your past repayment history and any money you already owe.

There are a few simple steps you can take to improve your credit score easily, such as registering to be on the electoral register, avoiding taking cash out from a credit card, and cancelling any credit cards you don’t use.