Birmingham, Warwickshire United Kingdom (PressExposure) March 12, 2007 -- The fortune of thousands of borrowers could have turned into agony, if the long heard program had been implemented. It was believed that, a hike in interest rate of secured personal loans was going to occur. If it was the case then, the secured personal loans, popularly known as friend-in-need, could bring financial crisis in many borrowersâ life. But, recently released financial statement by Loans Fiesta has ruled out the increase of interest rate in near future.
In a press conference, Ms Julia Smith, the Financial Relations Executive of Loans Fiesta said âthe increase in interest rate of personal secured loans was just a rumor without any base. Our financial forum comprising of 7 financial experts have decided that, the present market situation is not suitable for any increase in APR. Apart from this, we have to look after our borrowersâ interest as well.â
With this announcement, the popularity of secured personal loans has got a fresh lease of life. And it can be said that, the secured personal loans will remain in the list of borrowersâ favorite financial deal, as it is capable of fulfilling every sort of personal need.
Loans Fiesta is a financial service provider, which helps the borrowers get a wide range of loans through hassle free process. Some of its popular services are debt consolidation loan, personal secured loans, business loan, vacation loan, education loan, auto loans, loans for unemployed and many more. For more information you can log on to http://www.loansfiesta.co.uk.