Archive for the ‘Loan News’ Category
Sunday, May 25th, 2008
Over recent weeks the secured lender, First Plus, which uses the television star Carol Vorderman to advertise its loan products, has been advertising a new loan product, which offers consumers the chance to enjoy a low starting rate of interest on a secured loan. However, the company and the advertisement have come under fire from officials that state the loan is a debt trap, and borrowers could soon find themselves paying a fortune when the interest rate rockets following the initial period. (more…)
Tags:
first plus,
loans
Posted in Loan News | 1 Comment »
Monday, May 19th, 2008
According to a recent report some consumers may now be better off using their credit cards as a form of finance rather than opting for a personal loan because loan rates have been hiked up by huge amounts since the onset of the global credit crunch. Credit cards are well known for the high rates of interest charged, but officials state that even so some people may find that they are the cheaper option when compared to a personal unsecured loan with a sky-high interest rate. (more…)
Tags:
personal loans,
credit crunch,
nationwide
Posted in Loan News | No Comments »
Saturday, May 10th, 2008
In a recent announcement the Internet arm of HSBC bank stated that it would be restricting its mortgage lending activities by no longer offering mortgages to those that are not customers of the bank already. Customers of first direct will still be able to access mortgages from the lender even if they do not currently have a first direct mortgage, providing they meet the other eligibility criteria.
First direct is one of many banks and building societies that have had to restrict their lending over recent months as a result of the global credit crunch. Many have had to take various mortgage products off the shelves or have started to offer mortgages only to existing customers or those that live within a certain radius of the branch. (more…)
Tags:
loans,
first direct
Posted in Loan News | No Comments »
Wednesday, April 23rd, 2008
According to a recent report the well known broker, John Charcol, could be facing immense future difficulties, which could see it losing the ability to continue operating. The broker’s own auditor has warned the firm that it faces ‘material uncertainty’ over its future. This comes at a time when many lenders and brokers in the mortgage industry are suffering real problems as the result of the global credit crunch, which has been wreaking havoc across the UK since last summer. (more…)
Posted in Loan News | 1 Comment »
Friday, April 11th, 2008
Homeowners, many of whom are already struggling to try and keep up with mortgage repayments despite the recent interest rate cuts, are facing a real struggle when it comes to coping with their finances according to a recent report, with many expecting to face difficulties in coping financially due to strained household finances. The report suggests that millions of homeowners could find it increasingly difficult to cope financially due to a number of factors. (more…)
Tags:
homeowners,
interest rates
Posted in Loan News | 1 Comment »
Saturday, March 29th, 2008
Despite the two most recent Bank of England interest rate cuts the interest charged on personal loans in the UK is continuing to rise, leaving many potential borrowers facing huge costs relating to their borrowing, The rates on personal loans have been rising for some time, and as a result of the credit crunch many people now find it difficult to get affordable unsecured personal loans, with banks having to increase their rates to make up for the losses incurred as a result of higher inter-bank lending costs. (more…)
Tags:
interest rates,
loans
Posted in Loan News | 1 Comment »
Thursday, March 20th, 2008
Recent reports have shown that the loans market continues to suffer as a result of the global credit crunch, with rates on personal loans continuing to soar despite base rate cuts, and with the number of sub-prime mortgages available on the market falling rapidly. According to industry officials the number of lenders offering sub-prime mortgages has fallen from 32 to just 20, and consumers looking for personal loans are having to pay out far more in interest rates. (more…)
Tags:
credit crunch,
loans
Posted in Loan News | 2 Comments »
Monday, March 3rd, 2008
Finding the right loan these days isn’t always difficult because there are so many different loan products available to suit a wide range of needs and circumstances. However, it is important to bear in mind the importance of choosing the right loan product. It is all too easy to rush into taking out finance without really thinking about whether the loan product is the right one for you, but taking on a loan is an important financial commitment and should be given careful consideration before you make any commitment. (more…)
Tags:
loans,
unsecured loans
Posted in Featured Articles, Loan News | 1 Comment »
Monday, February 25th, 2008
Secured loans have become an effective and affordable way for homeowners to raise finance, and the increase in property values over the past few years has given homeowners in the UK more financial leverage to raise money by way of a secured loan. Secured loans offer a range of benefits, such as increased borrowing power based on equity levels and longer repayment periods to help keep costs down. This is why an increasing number of homeowners have turned to secured loans in order to get the money that they need. (more…)
Tags:
secured loans,
homeowner,
repayments,
loans,
debt
Posted in Loan News | 1 Comment »
Wednesday, March 14th, 2007
With 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…)
Tags:
special loan rates,
shop online,
online loan
Posted in Loan News | No Comments »
Wednesday, March 14th, 2007
There 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…)
Tags:
lie for loan,
secured loans,
loans,
unsecured loans
Posted in Loan News | No Comments »
Wednesday, March 14th, 2007
How 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…)
Tags:
purchase protection,
cheapest loan
Posted in Loan News | No Comments »
Wednesday, March 14th, 2007
What 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…)
Tags:
unsecured loans,
secured loans,
loan penalties,
loan guarantor
Posted in Loan News | No Comments »
Wednesday, March 14th, 2007
Payday 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…)
Tags:
cash advance loans,
payday loans,
cash advance
Posted in Loan News | 2 Comments »
Wednesday, March 14th, 2007
Not 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…)
Tags:
cash advance loans,
payday loans
Posted in Loan News | No Comments »
Wednesday, March 14th, 2007
Many 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…)
Tags:
loan fee,
payday loans,
cash advance loans,
payday loan charges
Posted in Loan News | No Comments »
Wednesday, March 14th, 2007
Since 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…)
Tags:
green home loan
Posted in Loan News | No Comments »
Wednesday, March 14th, 2007
When 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…)
Tags:
home equity,
lifetime mortgages,
debt consolidation loan,
secured loans
Posted in Loan News | No Comments »
Wednesday, March 14th, 2007
Banks 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…)
Tags:
banks prefer secured loans,
secured loans
Posted in Loan News | No Comments »
Wednesday, March 14th, 2007
It’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…)
Tags:
bad credit,
bad credit loans,
credit score
Posted in Loan News | No Comments »
Wednesday, March 14th, 2007
Sometimes 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…)
Tags:
payday loans,
payday loan charges,
cash advance loans
Posted in Loan News | No Comments »
Wednesday, March 14th, 2007
When 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…)
Tags:
student loans,
repay studebt loans,
Student Loan Corporation
Posted in Loan News | No Comments »
Wednesday, March 14th, 2007
Those 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…)
Tags:
rights with credit broker
Posted in Loan News | No Comments »
Wednesday, March 14th, 2007
If 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…)
Tags:
bad credit secured loan
Posted in Loan News | No Comments »
Wednesday, March 14th, 2007
If you have loan repayment difficulties you do have a number of options open to you. The one thing you must not do is nothing !! you must not hope your problems will go away by themselves, this will only make your situation worse. You must talk to your lender. (more…)
Tags:
loan repayment difficulties
Posted in Loan News | No Comments »
Wednesday, March 14th, 2007
Credit scores are used by lenders because they can approach each loan application in the same manner. All credit score methods and practices are updated frequently and is monitored by the office of fair trading. (more…)
Tags:
credit scoring
Posted in Loan News | No Comments »