ABCUL welcomes sector funding
Apr 03, 2007
Britons 'borrowing more' against their homes
Apr 02, 2007
National financial advice will cut down on debt
Mar 23, 2007
Moneyextra advises on car finance
Mar 22, 2007
Payment as important as purchase
Mar 16, 2007
The flush of love or the bitterness of its loss affects us deeply, building....>>
Everyone needs to borrow money at some stage in their life, so why not do it sensibly. Many people waste money on not searching for a loan that offers the lowest interest or they don’t take enough care in making sure they can afford the repayments. More Info
Taking out a loan can in many circumstances be the best and easiest way to raise some cash to spend on your dream holiday or a new car. The popular option is an unsecured loan with a personal loan coming out on top. Personal loans are easy to set up and the APR is very often fixed for the term of the loan. It is easy to compare personal loans by checking the advertised APR and you will be able to calculate your monthly payments and the overall amount to be repaid.
If home improvements like an extension or a new kitchen are required then a secured loan is best. Secured loans are secured against a property so only homeowners can apply. The APR can vary so it is prudent to compare secured loans across many companies. The best and easiest way is to have a broker work for you and they will find the best loan options.
If debts are spiraling out of control it may be time to have a look at a debt consolidation loan. If you owe money to various companies, be it credit cards, a loan or even an overdraft a loan that can consolidate your debt could improve your financial position. Although your monthly repayments would be reduced your repayment term will no doubt be increased and this in turn will mean you will pay more back in interest in the long run. A loan used to consolidate debt can work if used responsibly.
Many of us find it hard to get a loan due to our previous credit history. Loan companies have recognized this and many now offer poor credit loans for people with a poor credit rating or history. A bad credit loan will come with a higher APR than usual but in many cases this could be the best option to rebuild a tarnished credit rating in order to be able to qualify for more competitive financial products in the future.
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Unsecured debt a problem for spendaholic women
British women owe more than £20 billion in unsecured loans and have an overdraft debt of £4.6 billion. One third of British women relay on their overdraft every month, with an average overdraft debt of £515. The research comes from price comparison site Uswitch, which has been looking into the spending habits of British women. Shopaholic women are using unsecured credit to fund their fashion sprees, with 72 per cent using credit cards, store cards, overdrafts and loans, compared to 51 per cent of women nationally. This means that shopaholics have a high level of unsecured debt, with the average .... Read More
March 08 ,2007
Public paying for big bank profits, warns Zopa
Zopa, the money lending and borrowing marketplace, has updated its estimate of the cost to UK consumers of the big banks' profits last year. It estimates that the cost to consumers rose 10 per cent between 2005 and 2006, with the average household contributing £441 to the profit line. Zopa's analysis is based on the accounts of the big five banks: HSBC, HBOS, Royal Bank of Scotland, LloydsTSB and Barclays. Zopa has looked at the banks' profits from UK retail banking operations and divided this among UK households. Zopa's CEO James Alexander commented: 'The truth is that banks in the .... Read More
March 07 ,2007