Self Employed and would struggle to prove income

Secured Loans make it easier for self employed people to borrow money. The main reason behind this is because of the security of your home if you were not to make the payments.

Most secured loan lenders will allow you to "self declare" or "self certify" your income. This simply means that you won't have to provide accounts or any type of book keeping to prove you have a certain level of income. You simply sign a self declaration or self certification form, that they provide, to declare that you earn a specific level of income per year. That is it. They will trust your judgement that you earn that amount and that you can afford the monthly payments.

This is the reason that so many self employed people use secured loans as any easy and affordable way of raising money.