A new report has found that 40% of young adults need their parents to help them get by, day-to-day – a tough task for any parent, but one that could be helped by a secured loan.

The Children’s Mutual and the Social Issues Research Centre found that 41% of 18 to 25-year-olds regularly have their day-to-day living costs funded by their parents. While financial assistance towards university fees, mortgage deposits and paying for weddings were all identified as key pulls on the parental purse, the report also uncovered a generation of youngsters receiving financial support by paying little or no rent, and receiving contributions to their bills and day-to-day living expenses.

David White, chief executive of The Children’s Mutual, says: “There has been a major change in the dynamic of family finances and it needs to be dealt with now as the problem could be growing for anyone who has children. Many parents of today’s young adults are choosing to make their children’s finances their problem and are increasingly faced with difficult choices – perhaps to take on more debt or to reduce funds that are available for them.”

It’s natural to help your kids, and during a recession it might be vital to do what you can to help them get by. Obviously everyone would prefer to be independent, but tough times call for tough decisions.

If you are trying to help your kids, you could talk to a broker about unlocking some of the capital in your home. Using a secured loan could take some of the capital in your property and allow your children to get through a rough patch. Maybe they need help paying off a loan, moving house or even buying a new car. You would do all you can to help them – and a secured loan is just another way to make sure you can.

SOURCE: Children’s Mutual, 24/02/09

To keep up with the latest news and comments on current financial affairs please visit the Secured Loan Blog.

New research carried out for the Bank of England’s Q4 2008 quarterly bulletin has found that households in the UK have experienced a reduction in disposable income after meeting household bills.

The report also found that many households were finding their debt to be a burden, and were finding increasingly harder to find a way to manage that responsibility.

Simon Lamble, product director at Confused.com, says: “The pressure on household income has been increasing steadily over the past couple of years, and therefore it’s more important than ever for people to realise that there is a simple way to relieve some of that pressure, by exploring ways of reducing their fixed household costs.”

One such way to relieve pressure is to consolidate your debts by using a secured loan. Taking a lump sum from your property and using it to turn all your debts into one manageable payment can almost certainly lower your monthly outgoings and free up your budget.

If you think you need something to unlock your financial problems, talk to an adviser about taking out some of your home’s equity as a secured loan. It’s quick, it’s simple and it can give you a little more space to think and breathe in 2009.

To keep up with the latest news and comments on current financial affairs please visit the Secured Loan Blog.

More and more consumers who have debt problems are turning to unsecured credit in an attempt to get by.

PriceWaterhouseCoopers have found that more than one in four people are worried about their ability to repay debts in the future and so are turning to easy-accessible credit.

But the accounting specialist found that very few of the 16% already struggling to repay are considering how to deal with these debts.

One in five respondents in PWC’s credit confidence survey of nearly 4,000 people said they were worried about the shrinking availability of credit.

This is a bad habit that cannot be carried on. People who are in financial difficulty should never use personal loans and credit cards. It might be easy, and it might sort out problems in the short term, but it the long term it only makes matters worse.

Talk to an adviser if you are in trouble. They will give you real options and real possibilities that do not involve more debt. Only secured, safe debt can help you out trouble. Credit cards, store cards and loans will only make the hole deeper.

To keep up with the latest news and comments on current financial affairs please visit the Secured Loan Blog.

Many homeowners have seen the value of their home increase dramatically over the last ten years, so it’s a great time to move. But at the same time moving has never been so expensive – buyers now need to put down nearly £28,000 just to move*. So when it comes to moving home you may feel like it’s too much – this is where a secured loan for home owner can help. With this, you can use the equity in your home to pay off debts or get to grips with any unexpected expenses that come with moving home. A secured loan for home owner allows you to use the value of your home to find that money to move to that dream property.

Read more about getting a Secured Loan for Homeowner

The home equity loan UK market is not just reserved for those people who are struggling to make ends meet. It may seem that way, all the adverts aiming at the bad credit, county court judgement and arrears customers but there are a lot of lenders in the home equity loan UK business who are looking for home owners with a good credit history who just wish to unlock a little extra cash from their property. So if you are one of those people a secured loan might just be the ticket for a new car, a well deserved holiday or some long overdue home improvements.

Learn more about the Home Equity Loan UK

If you go online today, open a newspaper or switch on daytime TV you will be bombarded by adverts for low cost secured loan UK lenders, literally thousands of firms offering hundreds of thousands of secured loans. The digital age has given us wonderful choice when it comes to finance, but it can also lead to confusion, as with everything, its hard to tell what is legitimate and what is a fraud. So who is the best low cost secured loan UK lender for you? How can you tell the professionals from the sharks? And should you spend your precious time trawling through the offers checking every low cost secured loan UK lender for that gem of a deal that will improve your situation?

Learn more about Low Cost Secured Loan UK Deals

The process of loan refinance is a way of moving your finances around to make sure you get the best rate possible. By deciding to look at taking on a loan refinance deal it will allow you to update your borrowing needs in the same way that you would update your mobile phone, car or home. If you are finding your monthly repayments are costing you more and more it may be time to take a look at loan refinance. By taking out the loan it will allow you a fresh look towards your finances, so you can put them back on track with minimum fuss. And by choosing loan refinance you can save money, keep our peace of mind and even, if we need to, raise even more money.

Read more about Loan Refinance

Finding a home equity secured loan can be a nightmare. There are so many providers out there, all offering very different deals, so it can be hard to track down the cheapest deal for you. And if your circumstances aren’t black and white then the search becomes even harder. But there is another way. As this article explains, using a broker who has expertise in this area of the market is an easier route to finding the right product for you. So before you pick up the phone to a company whose advert you’ve seen on the TV or in the papers, read this guide to the right way to apply for a home equity secured loan.

Find out more about the Home Equity Secured Loan