accepted.co.uk - the loans search engine

With over 20 per cent of adults in the UK believing that they will miss out on a wage increase this year, taking out a loan to cover 2009 ventures may be a plan of action that many have to take.

Furthermore, over nine million of workers are unsure whether they could find employment should they be made unemployed from their current job, uSwitch.com reveals.

And the total of such missed pay rises would total £3.1 billion this year, the website claims.

Indeed, such individuals looking for ways to finance a new car or home improvements may have to rely on secured loans instead, although these may be secured against a current property as protection for the lender.

"The onset of the recession can not be stopped and the threat of unemployment is still a very real fear," warns personal finance expert at uSwitch.com Louise Bond.

However, the website recently claimed that home heating bills can be slashed if people insulated their lofts to at least ten inches - a move which could be covered with a small personal loan.