Brits using all sorts to secure their loans
As most people in Britain are well aware, it has become increasingly difficult to secure a loan over the past couple of years due to the difficult financial climate. Many people who may have been able to get a loan relatively easily prior to the financial crisis are now experiencing difficulties in getting the finance that they need, as banks continue to exercise strict lending criteria.
According to one recent report Brits have now resorted to using some of their most treasured possessions in order to try and secure a loan in the difficult climate, with an increasingly diverse range of things being used to secure finance according to reports. One online lender said that some of the items that consumers had used in order to secure finance included two Ivor Novello awards, Beatles memorabilia, a Henry Moore sculpture, an 18th century bible and even a tank!