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I want to consolidate my debts
You may not be surprised to hear that the majority of Smart Finance customers consolidate their debts and use secured finance to pay off all their credit cards, store cards, personal loans and other debts. Replacing them with one lower cost monthly repayment.
I want to make some home improvements
A high proportion of our customers use secured finance to pay for home improvements. Quite often customers raise finance by taking a secured loan so they can pay for a new kitchen or bathroom, new double glazing or an extension to their home. This makes for economic sense, as not only do they reduce their monthly credit bills, but inevitably the work carried out on their home adds to its value and therefore provides extra headroom for additional borrowing at a later date, perhaps when additional improvements need to be carried out. It’s like investing for the future !
I want a new car or a new bike
If you have bought a vehicle with finance before you will know that the majority of cars bought this way have the finance provided by the dealer providing the vehicle. In our view this may mean that you do not get the best deal. We believe that a far better option is to take out a lower rate secured loan before you enter the dealership. You can then use the fact that you are a cash buyer to drive a much better deal. When both the finance and the car are tied in together it is not easy to determine what the real deal is. Quite often the car may be subsidising the finance or vice-versa. Separating the two gives you complete transparency and allows you to know exactly what you are paying for each item. Loan / Vehicle.
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