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Consider Equity Release Before Visiting Loan Sharks
25/01/2011
It has been recently reported that there is growing concern about the number of illegal lenders, or loan sharks, who charging ridiculously high interest rates, some have been reported at more than 10million percent.
Alex Neil, Scotland's housing and communities minister is recommending that people with high levels of debt contact reputable organisations such as credit union, who will be able to offer affordable advice to individuals.
Equity release might be a better solution for homeowners aged over 55 years to borrow money to meet their needs.
Homeowners aged over 55 years who need to increase their income and would like to know how much money the value of their property could release to help, can find out by contacting therightequityrelease.co.uk for equity release advice.
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