Many of us take our bank accounts for granted these days but it is important to remember that bank accounts are not available to everyone, and these accounts are vital in helping most of us to run our day to day finances. There are a number of different bank accounts available, such as basic bank accounts, current accounts, and premium accounts, and if you are looking for a good bank account that enables you to do everything from pay bills or...more
If you are a homeowner in the UK and you are looking to borrow money for one of a wide range of purposes, then you can enjoy an added advantage compared to non-homeowners, and this is the ability to use your home as security. Your home can act as a valuable asset in many ways, and in addition to providing you and your loved ones with a valuable investment that could benefit you in the future, as well as providing you with a home, it can also be...more
Over the past few years secured loans have become increasingly popular amongst homeowners in the UK, and this rising popularity has been partly fuelled by rising property prices, which have left homeowners with higher levels of equity in their homes. This increased equity has provided homeowners with far more financial leverage when it comes to borrowing money, and for many a secured loan has become the most affordable and effective way of borrowing money.A secured loan is a loan that is secured against the home, and therefore in order to qualify for one of these loans you need to be a homeowner and will usually need to have some level of equity in your home. Secured loans offer a number of valuable benefits, which have added to their popularity, and this includes longer repayment period, which can reduce the amount that you have to pay out each month, and greater borrowing power depending on your equity levels and other factors.However, it is important to remember that whilst these loans offer a range of benefits there are also risks involved, and therefore the borrower has certain responsibilities to ensure that these risks can be avoided. Because secured loans are secured...more
Over recent months getting credit has become increasingly difficult for many people, as the effects of the credit crunch in the UK have resulted in far tighter credit conditions, with many lenders increasing stringency when it comes to their lending criteria. You will find that getting credit these days may not be as easy as in the past because...more
Credit cards offer a high level of security and flexibility to customers, and this is why so many people use their credit cards for day to day purchases as well as for special purchases. However, in order to make the most of your credit card you need to make sure that you use it and repay it sensibly and responsibly. If abused credit cards can...more
One of the most stressful things that many people have to deal with these days is money problems, and financial strains have been identified as one of the major stress factors amongst consumers, along with relationship problems, moving home, etc. Whilst you may not be able to do much about the other problems in your life that are causing you stress, there may be something that you can do to address your financial woes, and this could help to make your life easier as well as making your finances more manageable.Money worries are particularly high amongst those with a high level of debts with a wide range of creditors. In most cases those with this type and level of debt have to deal with a range of repayments every months, which can prove frustrating and time consuming, and also have to pay out a fortune in interest each month, increasing their outgoings and leaving them with far less in the way of disposable income.If you are paying a wide range of high interest debts, and you want to reduce the amount that you have to pay as well as making it easier to manage your finances, then there is a very effective solution that could make your life far easier in terms of finances. Debt...more
After Christmas and New Year celebrations have finished many of us find that we are left feeling tired, drained of energy, and worse still drained of money. The Christmas period can be a very financially demanding one, and once the festive season is...more
There are a number of financing options available to those looking to purchase a new car, with methods and sources available to suit a wide range of needs and circumstances. It is important that you look at the options that are open to you before you...more
Store cards are a form of credit card where a consumers can spend on the card and then either repay the balance in full at the end of each month in order to avoid interest, or can spread the repayments on the card over a period of time, in which case...more
Managing your debts can be a difficult and frustrating task if you have a wide range of debts and a variety of creditors to deal with. Unfortunately, many of us now have a range of debts that we have to make repayments on each month, and as well as...more
When you have a wide range of debts to deal with dealing with your finances and keeping up with repayments can become increasingly difficult. Many of us find ourselves having to deal with high debt levels these days, and having to keep up with a...more
With the New Year having past us by, many of us are starting to think now about our New Year's financial resolutions, one of the major issues that most of us always promise to address it finances. Most of us find that we could make a number of...more