(1888PressRelease)
July 27, 2007 - (chance4finance.co.uk) London: The rise of consumer debt and a growing trend towards self-employed workers are contributing factors in the growth in the market. Only Loans believes that the present 10 per cent share of the loans arena that second charge loan providers have is will grow to around 15 percent by the end of 2008.
Ian Durrell, business development manager at Only Loans, said: “The market for unsecured loans is saturated, and we believe that more and more consumers will look to consolidate their borrowing and struggle to prove income due to changing employment circumstances, triggering a surge in demand for secured loans.”
He added: “In order to capitalize on the rising demand for secured loans, we have recently begun promoting our state-of-the-art Customer Relationship Management (CRM) system to potential partners, such as independent financial advisers, mortgage brokers – in fact any organization with loan-profiled clients.”
According to Durrell, Only Loans will be able to brand the system in accordance to the third party. Third party partners can track different stages that their clients have reached within the application procedure.
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