Credit cards make access to loaned funds, or credit, really, really, simple. The ease with which people can borrow money with credit cards is both their huge advantage and their huge disadvantage. (more…)
Archive for March, 2007
Credit Cards – An Expensive Loan
Monday, March 19th, 2007
Unemployed Loans
Monday, March 19th, 2007You may assume it would be impossible to obtain a loan if you are unemployed, but nowadays the truth is, although it may be more difficult and your choice of loan and provider more limited, it is entirely possible. With more and more providers considering the unemployed for a loan (and some even targeting them) it even pays to shop around. (more…)
Self Employed Loans
Monday, March 19th, 2007You are considered to be self employed if you are a sole trader/proprietor running a business or profession, a partner in a business, a consultant or a contractor (independent). (more…)
Overdraft Facilities
Monday, March 19th, 2007A great number of bank accounts include some form of overdraft facility. The purpose is to allow the account holder to access funds beyond what they hold in the account, up to a specified limit. It is essentially a line of credit that you prearrange with the bank for use at those times when you need extra cash. Overdraft facilities are commonly available for both personal and business accounts. (more…)
Can You Rely On Your Family To Help You Buy Your First Home?
Friday, March 16th, 2007At no time in its history has the UK housing market since such a marked increase in the average value of its housing than in the last 20 years. (more…)
Don’t Forget The Extra Hidden Costs Of Getting A UK Mortgage
Friday, March 16th, 2007For most of us, buying a new home is both one of the most exciting and stressful times of our lives. It goes without saying then that this is not a particularly good time to find out that you may be facing a bill of thousands of pounds in extra hidden costs for getting the mortgage to buy the UK property. (more…)
The Advantages Of Getting A Self-Build Mortgage
Friday, March 16th, 2007With the spiraling cost of the UK housing market, more and more new homebuyers are looking at the alternative option of building their own home. If the idea of building your own home sounds romantic enough to you, the following are some of the advantage of such a scheme and how you go about arranging a self-build mortgage loan. (more…)
Insuring Your Mortgage Repayments
Friday, March 16th, 2007Protection
Some people like to make their lives as safe as possible. When borrowing large amounts of money to provide a roof over your head it seems sensible to insure those payments against loss of earnings due to ill health, redundancy, or accident… Or does it? (more…)
The True Cost Of Your Mortgage
Friday, March 16th, 2007Easy as ABC
It’s easy to say “go and research the market place to find the cheapest mortgage”, but is it that easy to actually do it and how do you know that you have really got the best mortgage deal when you’ve finished? (more…)
Joint Mortgages
Friday, March 16th, 2007Good and bad
Joint mortgages can be a useful way to get on the housing ladder, whether the person you take one out with is your life partner or simply a friend. So what are the pros and cons? (more…)
Borrowing Against Your Endowments
Friday, March 16th, 2007Endowment disaster
Endowments, that is life assurance policies used to accrue funds with which to pay off your mortgage have been hauled through the gutter in various newspapers and have become the subject of solicitors trying to make even more money out of what they call a scandal. The so called endowment scandal is nothing of the sort. (more…)
Your Credit Rating And Your Mortgage
Friday, March 16th, 2007Your credit rating is something that contrary to popular belief you can have some control over. Here’s how and how it might affect your mortgage application. (more…)
Re-Mortgaging – The How and Why
Friday, March 16th, 2007Mid-mortgage crisis?
There comes a time in the life of most home owners when they stop and ponder on the wisdom of re-mortgaging. Hundreds of thousands of people do it every year. We look at why they do it and how to do it. (more…)
The Dangers of Negative Equity
Friday, March 16th, 2007Be Positive
The great thing about buying a property is that it’s a guaranteed investment, prices just keep going up, right? Wrong. We look at what happens when the bubble bursts and prices drop. (more…)
Repossession – How and Why
Friday, March 16th, 2007Beware, the Repo man
Your home is the security the lending company holds in case you stop making repayments into your mortgage. The worst that can happen is, they will repossess you house. But why does this happen? (more…)
Paying Off Your Mortgage Early
Friday, March 16th, 2007Twenty five years is the average period of a mortgage… Twenty five years is a long time! The dream of many people is to pay off their mortgage early. Can it be done? (more…)
Your Home Is At Risk If..
Friday, March 16th, 2007“Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it”. Words that have to be printed on any promotional material for mortgages or home-owner secured loans. Is this the only reason you should keep paying your mortgage? (more…)
Variable Mortgages
Friday, March 16th, 2007Variable mortgages are for those whose incomes are not particularly stretched. What are the ups and downs of entering into a standard variable mortgage? (more…)
Why Does The Interest Rate Of Your Mortgage Change?
Friday, March 16th, 2007The biggest difference between a mortgage and other types of loan is the fact that the interest rate changes throughout the term of the loan. Why is this? And which type of interest-rate arrangement is best? (more…)
What Are Tracker Mortgages?
Friday, March 16th, 2007With a multitude of mortgages available what are the benefits and disadvantages of the product known as a tracker mortgage? (more…)
Different Types Of Mortgages In The UK
Friday, March 16th, 2007Rather like a full house in poker there seems to be a wide selection of mortgages on the market, but aren’t many of them the same kind of product? (more…)
Choosing The Right Mortgage
Friday, March 16th, 2007The market is flooded with different types of mortgages, but how do you know which one is right for you? The decision has to be yours, whether you take advice from an Independent Financial Advisor or do your own research. (more…)
Fixed Rate Mortgages
Friday, March 16th, 2007What are the benefits of a fixed rate mortgage? Which lenders are offering which products and how do they compare? (more…)
Mortgages – Online Mortgage and Remortgages
Friday, March 16th, 2007With the price of property ever increasing and no sign of the long awaited bursting bubble of the housing market, we ask what can young first time buyers do to gain their freedom and set up a home of their own in such an expensive arena and what is a mortgage anyway? (more…)
Strange but true – loans for strange purposes
Friday, March 16th, 2007People need money (or think they do) for a wide variety of reasons. As a result, the business of personal loans is a booming one. While many people typically think of standard purposes when “loan” comes to mind, the reasons for seeking a personal loan are far and wide. (more…)
Is Your Loan Illegal?
Friday, March 16th, 2007There are many credit options available to potential borrowers. Loans, credit cards, store cards and more are all available to borrowers with the right credit score. (more…)
The High Cost Of Doorstep Credit
Friday, March 16th, 2007There are many people who find it difficult to get credit. People with a poor credit history, with defaults, arrears and County Court Judgements (CCJs) may find that credit card companies and banks prefer to avoid them. That’s why it can seem very attractive when someone is willing to overlook their financial history and give them the loan they desperately need. (more…)
Avoiding Loan Fraud
Friday, March 16th, 2007Every year in the UK, billions of pounds are lent to consumers. It is a hot business and therefore, it should come as no surprise that many lenders want a bigger share of this lucrative market. Unfortunately, not all of these lenders are reputable or trust worthy and it can be very difficult and time consuming for consumers to determine which loans are legitimate and which are not. (more…)
The Truth About Advance-Fee Loan Scams
Friday, March 16th, 2007Advance-fee loan sharks prey on unwary consumers, taking their money for the promise of a loan, and leaving them ripped off. The scam artists often impersonate legitimate lenders to entice consumers. They then proceed to rob them with their bogus offer. (more…)
Loans for the Self-Employed
Friday, March 16th, 2007There are many advantages to being self-employed, including setting your own hours, pricing structures, and the flexibility to turn down less attractive work. (more…)
Wedding Financing
Friday, March 16th, 2007The average cost of a wedding is around £17,000, and one major bank estimated that in 2005, approximately £467 million worth of personal loans would be taken out solely to fund the expected 260,000 weddings. And the amount of money people spend on weddings is steadily rising at a rate of ten percent per year. (more…)
Do You Need Credit Insurance?
Friday, March 16th, 2007Almost every time you apply for a loan or other form of credit, you are asked if you would like to purchase credit insurance. It my even be automatically added to your contract without you noticing. This is an insurance policy that guards you against the risk that you will not be able to meet your repayments. (more…)
Payment Protection Insurance: The True Cost
Friday, March 16th, 2007If you’re taking out a sizeable loan, the idea of payment protection may sound like a good idea. Programs such as these protect buyers in the event that they are unable to make payments on the loan due to events such as layoffs or medical emergencies. (more…)
Define: Early Redemption Penalties
Friday, March 16th, 2007More and more attention is being paid to APRs when people are shopping around for loans. This is not surprising as the very reason the APR was introduced was provide a standard figure that customers could use to compare the prices of loans without getting our their calculators and doing the math themselves. (more…)
Online Loans – How Popular and Safe Are They?
Wednesday, March 14th, 2007With the development in technology allowing for safer online transactions coupled with high-speed Internet connections, many people are conducting loan research from the comfort of home. The use of online loan applications is becoming more and more popular. (more…)
Never try to fib your way into a loan
Wednesday, March 14th, 2007There are certain times in life when you should not lie: On your resume, when visiting the doctor, or when applying for a loan. Yet, according to one study, nearly one third of people applying for a loan have lied about some aspect of their history. Why? A need for a loan combined with fear of not getting it if the truth be told. (more…)
Finding the Cheapest Loan
Wednesday, March 14th, 2007How do you find the cheapest loan? Through a combination of factors that include understanding your credit score, determining the best type of loan for your purposes, and shopping around. Settling for the first offer for which you are approved is one of the worst ways to save money on a loan. (more…)
Secured v. Unsecured Loans
Wednesday, March 14th, 2007What are the differences between secured and unsecured loans? Essentially, whether or not the loan is secured by property in the event the borrower defaults on the loan. (more…)
How To Choose A Payday Loan Company
Wednesday, March 14th, 2007Payday loan companies are everywhere. Apart from several major lenders, it is estimated that there are more than 500 companies offering this quick fix loan solution. Some of them operate out of high street shops while others are based online. But what is a payday loan and how do you choose among payday loan companies to find the best deal. (more…)
The Inside Track On Payday Loans
Wednesday, March 14th, 2007Not everyone needs a full fledged loan. Some people just need a bit of cash to tide them over till the next pay cheque. And there’s now a way for them to get it. It’s called a payday loan. (more…)
Getting The Best From A Payday Loan
Wednesday, March 14th, 2007Many people are choosing a payday loan as a way of dealing with unexpected expenses. This can be an easy way of getting cash quickly. (more…)
Would You Apply For A Green Home Loan?
Wednesday, March 14th, 2007Since the mid-1980s, more and more UK banks have seen the benefits of offering products that are in some way tied to ‘green’ environmental issues. One product area where this service has traditionally been lacking, however, is with ‘green’ home loans. Not so anymore, now more and more UK banks will agree to offer a green home loan is you ask. So, given the choice, would you apply for a green home loan? (more…)
Mortgages – What Will Be Next?
Wednesday, March 14th, 2007Maybe some forty years ago mortgages were very solid things that you took out: you would stick with the same company for the entire period of the loan and you could find fixed rate deals that would also last the full twenty five years. (more…)
Your Home as Collateral For Other Loans
Wednesday, March 14th, 2007When you become a home owner you immediately open up more doors for yourself in terms of being able to borrow money to make things happen. It might be a business idea or an investment opportunity, but buying into property can open more doors than you might think. (more…)
Why Banks Prefer Secured Loans
Wednesday, March 14th, 2007Banks like secured loans, in fact, many of the banks prefer secured loans over those unsecured loans. There are a number of different reasons why banks prefer secured loans. (more…)
Personal Loan Options for People with Bad Credit
Wednesday, March 14th, 2007It’s a fact: thousands and thousands of people have credit problems. It’s also a fact that those with bad credit sometimes need a personal loan just like everyone else. Personal loans designed for those whose credit reports are less than stellar are on the upswing, and nowadays it’s easier than ever to get access to what you need. No matter what your credit score. (more…)
Where To Find Emergency Cash
Wednesday, March 14th, 2007Sometimes the need for cash can crop up quickly. Emergencies, illnesses, and unplanned events do happen, and they happen to everyone, regardless of their credit history or debt status. For those who need cash up front, the payday loan provides a solution. (more…)
The Basics of Repaying Student Loans
Wednesday, March 14th, 2007When it comes to paying your way through four years of college or more, student loans are there to help you balance the budget and cover tuition without breaking the bank. Sooner or later, though, you graduate. Then it’s time to start paying them back. The basic process for doing so is very simple. (more…)
Your Rights When Using A Credit Broker
Wednesday, March 14th, 2007Those adverts and come-ons offering to find you the loan you need at the price you can afford are tempting, aren’t they? Credit brokers are companies that will work to find you the loan that you need to start your new business, pay off your debts, buy your new house or car, or finance major home improvements – in other words, for nearly anything that you might borrow money for. In return, you pay them a fee for their services in hunting down and introducing you to loan sources. (more…)
How to Get a Secured Bad Credit Loan
Wednesday, March 14th, 2007If you need money now, but have been repeatedly turned down for unsecured personal loans, you may still be able to get the cash you need with a secured bad credit loan. A secured loan is one in which you offer something as ‘collateral’ to guarantee your repayment of the loan. If you don’t repay the loan within a specified period of time, the lender has the right to take possession of the collateral and sell it to recover their money. (more…)
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