Commercial Property Loans

Debt consolidation loans without owning a home (better known as unsecured loans) aren't as widely available as secured lending products. This is because the lender doesn't have any collateral should the borrower default on the credit agreement.

According to Automated Access to Court Electronic Records (AACER), the number of individuals expected to declare bankruptcy over the course of 2009 may reach 1.5 million. This doesn't include the thousands of other consumers who enter debt settlement programs and Debt Management Plans.

Debt Consolidation Loans Without Owning a Home

Unsecured loans for debt consolidation are more widely available for those with a good credit history. However, missed and late payments need not preclude someone from getting a loan. Whilst pawnbroker loans are not really suitable for consolidating debt, a peer-to-peer lender may be able to help.