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Women are more concerned than men about the future of their savings and whether or not they have enough for their retirement, a recession survey has revealed.

Financial security is a concern for 43 per cent of women, although this figure drops to 25 per cent for men, the study by Moneywise.co.uk found.

However, a loan may allow expenses such as interest owed on credit cards to be paid off, therefore freeing up cash which could be put to one side for the future.

Rachel Lacey from the website, says: "The question is whether men are over-confident about the future or are in a better position for their old age."

But for those who wish to take out a secured loan, they may want to remember the warnings of the Money Advice Trust, which said that lenders and borrowers have a joint responsibility to make sound financial decisions.

One such decision could involve secured loans, although the lender may want to make the person aware that this type of loan could be secured against a property.