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You’re looking to put a new roof or an extension onto your home, or maybe the kitchen needs a refurbish. It could be that you want to roll all your current bills into one lower payment, or have a chance to take that family cruise through the fjords of Norway at a great price – whatever the reason, you’re looking for cheap secured loans and finding yourself staring at page after page after page of adverts all promising cheap secured loans are just a click away – but every click just leads you to another page of adverts promising cheap secured loans. This is supposed to be EASY, or so you’ve been told – but finding cheap secured loans online can be a bit like poking around a haystack looking for the proverbial needle.

There is an easier way – one that will help you find the best secured loans online – not just the cheapest loans, but the ones that are the best fit for you. Rather than poking about willy nilly with a pitchfork, have a sitdown and follow along with us step by step.

1. Figure out how much you need to borrow.

If it’s for debt consolidation, total up all your outstanding debts, along with any early repayment fees. If it’s for home improvements, shop round for an estimate of the cost, etc. Before you start comparing loans, it helps to have a notion of how much you want to borrow.

2. Check your credit score.

Your credit score will directly affect the loans for which you can qualify. The higher it is, the cheaper loans you’ll be able to get. You don’t need a specific number, but it’s helpful to know if your credit is excellent, good, average, fair or poor. Get your credit report and give it a good lookover.

3. If there are problems with your credit report, fix them.

Approximately one in every three people who check their credit reports find errors on them. Those errors range from charged off bills still being listed to entire credit cards in their name that they’ve never held. If there are errors in your credit report, write to the credit reference agency immediately to ask that they correct them.

4. Compare loans online to find cheap secured loans aimed at your credit rating.

Skip the search engines, though. Googling for cheap secured loans is likely to plunge you into the haystack without any sort of guidance at all. Instead, start your search at a site like advancestart.com that specialises in presenting loans for your comparison.

5. Don’t assume that loans with the lowest APRs are your best deals in cheap secured loans.

There are a lot of different factors that add up to the best loan for you, and you’ll have to do a bit of homework of your own before you can decide on which is which. If you’ve got a bit of wiggle room in the monthly finances, then total loan cost is your best comparison point. Anything you’re not spending to borrow money is money that you have to invest and build more money, after all. If, on the other hand, you’re tightening your belt buckles already, then your best cheap secured loans may well be those that offer a lower monthly payment but a higher overall cost. Be sure to compare for cheap secured loans by the comparison method that makes the most sense for you.

6. Narrow loans down by APR and market.

Look for loans that are aimed at the segment of the market you fit. If your credit is poor, you won’t do anything but waste your time applying for loans aimed at those with excellent credit. Use the APR as a preliminary judge of just how cheaply the company does business in comparison to others.

7. Ask for multiple rate quotes

Every company has their own lending scale – which means that one company may only be willing to lend you 60% of your vested value in your home at 15% APR – but another may be able to offer you a personal loan for 11% APR for 75% or even 80% of the value of your home equity. The only way to find out is to ask for a loan rate quote. When you do, be sure to specify that you only grant permission for a quotation credit search, not a full credit search. The company will get all the information they need to offer you a quote on a rate – but it won’t be noted on your credit record as a loan application.

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