A Secured Loan Company is normally a lending finance house, financial institution or a bank. Most secured lenders are not normally present on the high street or if they are they have different brand names which you probably have not heard of.

Secured Loan companies will lend you money against the security of your property up to a maximum in some case of 130% of your home's current value.

A secured loan is a loan taken against the equity of your home. It can be taken against the equity of other items you own, like a car or jewelry, but in general it is taken off home equity since the home is usually the item you own with the most value.

It is considered secured because lending companies are far more reassured that you will pay them back. They essentially have "claim" on your home if you do refuse to pay it back and default on the loan, and this gives them enough confidence to offer you a lower interest rate.

Interest rates, loan amounts and payment plans are all based on the amount of confidence that a lender has that you will pay them back. They raise the interest rate when there is a heightened risk due to a poor credit score.