Guide To Secured Loans
May 14, 2012
In the current harsh economic climate, obtaining credit can be difficult as banks are much more cautious than they used to be. If you are looking to borrow money, it’s a good idea to research loans online at MoneySupermarket where you can compare secured and unsecured loans. Here is a look at the... more
Which Loan Is Best for a First Time Home Buyer?
May 14, 2012
If you have just recently graduated from college and obtained your first full-time job, congratulations! Securing a job quickly after college is hard to do in these economic times. With your first job, you may be thinking about taking steps to secure your future such as contributing to your retirement... more
Stay Protected With Income Protection
April 30, 2012
Getting hold of a decent job and then starting to earn a handsome amount is undoubtedly an awesome feeling. But, what really happens if some day you unfortunately meet an accident, land up in the sickbed and do not get paid for being unable to complete your assigned task? How would you then draw the... more
Debt consolidation vs. debt management: a comparison
January 11, 2012
There are solutions for dealing with all kinds of debt, whether you’re on the verge of bankruptcy or simply trying to make managing your finances easier. Two of the most common debt solutions in the UK are debt consolidation loans and debt management plans. Each solution is designed to help with... more
How Can You Qualify For A Mortgage?
December 12, 2011
In recent times it has become difficult to qualify for a mortgage loan because of the crippling effect that loans have had on the economies of even the largest of nations in the world. Banks and other financial institutions have made it a point to thoroughly examine the financial status of the borrowers... more
Low earners owe 20 percent more than they earn each year
July 18, 2011
It has been revealed in a recent report that people on lower incomes tend to owe around 20 percent more in unsecured debts than they earn each year. This includes debts such as credit cards and loans, with many lower income earners struggling to stay on top of repayments for their debts. Whilst there... more
MPs want to tackle legal loan sharking
July 9, 2011
In the current difficult financial and economic market a huge number of people have found themselves in dire straits in terms of their finances. With the cost of living rocketing due to soaring petrol costs, spiralling inflation, food price hikes, higher bills, and more, there are many people who have... more
Loan and mortgage rates drop
June 30, 2011
For many borrowers in the UK there has been some welcome news recently, after it was revealed that both mortgage and personal loan rates have been falling. For those that are taking out mortgages, thinking of refinancing, or wish to take out a personal loan this could mean significant savings on the... more
Fears over home repossessions exaggerated
June 28, 2011
The governor of the Bank of England, Sir Mervyn King, has recently voiced his opinion about rising fears over repossession levels in the UK, branding them as exaggerated. Many are concerned that the UK is in line for a wave of repossession, but King has said that this is something that has been overdone,... more
Paying off credit cards with a loan could be beneficial
June 18, 2011
It has been suggested in a recent report that many people in the UK that have high levels of credit card debt could actually benefit by paying off their high interest credit card debt with a lower interest personal loan. Around one third of people in the UK have admitted that their personal debt levels... more
Rents to continue going up
June 14, 2011
A recent report that has been released by the Royal Institute of Chartered Surveyors has shown that rents in the private sector are continuing to rise, which could result in many non-homeowners being frozen out of the property rental market as well as the mortgage market. For some time, first time buyers... more
Loan protection is still necessary
May 31, 2011
Over recent years there has been a lot of new coverage about the mis-selling of payment protection insurance, or PPI, on loans, credit cards, and other forms of finance. This has been in the headlines more than ever over recent weeks, after a court ruling that resulted in banks having to compensate and... more
Many will struggle with finances for years
May 30, 2011
There are already many people across the UK who are struggling with their finances and are finding it very difficult to cope with the increasing outgoings and their problem debts. However, according to a recent report the situation could continue to get worse for many working people in the middle and... more
Personal loan rates at highest in a decade
May 23, 2011
It has been reported that rates on personal loans in the UK have reached their highest level in a decade, making it even more important for consumers who are considering taking out a loan to ensure that they compare the rates being charged carefully. The base interest rate is still at its all time low... more
Increase recorded in repossession numbers
May 13, 2011
It has been reported recently that the number of repossessions has increased as cash-strapped homeowners once again struggle to cope with finances and keep up with repayments. The figures relating to repossessions was released by the Council of Mortgage Lenders, causing concern amongst many officials... more
Poor credit affecting consumers’ ability to get affordable loans
May 3, 2011
Many people are struggling to get an affordable loans these days, with banks particularly cautious about who they lend to after the turbulence of the last couple of years in the financial markets. Over the past few years banks have become far more stringent about who they are prepared to lend to and... more
The pros and cons of a secured loan
April 28, 2011
Whilst some homeowners have seen their equity levels fall over the past few years due to the drop in property prices there are still some homeowners who have a considerable level of equity in their homes, having purchased their properties at a time when they were just a fraction of the price that they... more
Mortgage repayments cheaper than paying rent
April 26, 2011
It has been revealed recently that for the first time in many years it has become cheaper to buy a home and make mortgage repayments than to rent a home and pay monthly rent. For many years it has worked out cheaper for people on a monthly basis to pay rent than pay a mortgage, even though they will... more
High Court rules against the banking industry
April 20, 2011
For a number of years the topic of Payment Protection Insurance, or PPI, has been a hugely controversial one, following claims that millions of people had been mis-sold the cover over the years. Consumer groups have been campaigning to ensure that those that were mis-sold the cover are compensated but... more
Lending appeals process launched by banks
April 14, 2011
It has been announced that banks in the UK have launched a new process whereby small businesses that are turned down for a loan when they make an application can appeal against the decision to refuse them the loan. Officials from the British Bankers’ Association said that this was one of a number... more