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You will probably recognize the position I’m in … bills that keep arriving on a sort of endless factory belt that never stops coming towards me, carrying the next one and the next one. This is a fact of modern living. We spend and then we pay. Or should I say, look around for money with which to pay and wondering if a deferment without penalty is possible.Add to that the slow rise in the cost of living. Here in New Zealand where I write about the UK loans market from, that rise in prices is hovering at about three percent while the economy is building by only two percent.I know some people pay close attention to their finances. They can tell me exactly how much they will receive next week, what their outgoings for the week are likely to be (or, better,  what their strict budget for next week’s outgoings is) and what the interest rate is on their mortgage. They are on top. But many of us have only a general idea of our finances and can easily slip into a situation where we suddenly find we need a loan.Banks will not always come to the party. And once a bank turns you down for a loan there is not much you can do apart form wait fore a long time until you have rebuilt the picture of your finances and can approach your banker again.But there are no other lending options. Smaller lenders than banks are brought together in lending groups which almost actively seek people who need a loan. And these groups will consider even borrowers with bad credit history, since they appreciate how normal living costs can sometimes bring a creeping debt problem into many lives that a swift, short term loan could fix. Permanently.Well, the good news is that, at least in the UK, secured loans and bad credit can go together. People do successfully use the security of an asset like a home they own, to take out important loans. For many of them this is a very useful, convenient way to get out of debt.