In this day and age it is crucial that you do your research when applying for any sort of finance, particularly given the tighter lending conditions and higher borrowing costs that have stemmed from the global credit crunch. However, this is all the more important for those looking to take out an adverse credit loan, as the costs associated with these loans can be very high if you fail to do your research and shop around, and even the chances of...more
For most people that tend to travel abroad from the UK taking a credit card with you is a natural thing to do, as it is important that when you are far away from home you have the means to make purchases or cash withdrawals in the event that you run out of available funds. With credit cards you can make purchases direct onto the account or take out the cash that you need, and this can prove to be an invaluable facility for many of those...more
Your property is most likely one of the biggest and most valuable assets you will ever own, and the good news is that rising house prices over recent years has left most homeowners with a high level of equity in the home, making their properties even more valuable in terms of their worth. The high levels of equity that many people have in their homes these days gives them additional financial leverage, providing them with a valuable additional option if they need to borrow money.The equity in your property is the amount that is left over when you deduct any money that you owe on the property - in terms of mortgage or other secured loan - from the market value of the property. The increased value of properties in the UK today means that many people have a substantial amount of cash in terms of equity tied up in their assets, and this gives them the ability to enjoy affordable borrowing against their home.A secured loan is a loan that is secured against an asset in the form of your home, and this form of borrowing enables homeowners to raise money for one of a wide range of purposes against the value of their asset. You can use a secured loan for one of a wide range of purposes, and...more
If you are one of the many people that have many different debts and financial commitments to deal with then you will know what a hassle financial management can be, and you will be all too aware of how much your debts can put a strain on your household finances. When you are struggling to make ends met each month - as many people in high levels of...more
As many people have already seen the credit boom that has given many of us easy access to affordable finance over recent years is quickly diminishing, with a growling number of lenders restricting credit and hiking up rates in order to minimise on the damage that the credit crunch is causing in the financial markets. As the credit boom comes to an...more
Unsecured loans are available from a wide range of lenders these days, and these loans are available to both homeowners and non-homeowners. However, you will generally need to have good credit to qualify for an affordable unsecured loan, as most lenders will not take the risk of offering unsecured finance to someone that has had credit problems in the past. If you do have good credit then you can enjoy a choice of unsecured loans, and the good news is that rates have started to come down on these loans following the Bank of England interest rate cut in December.There are a number of benefits to consider when it comes to unsecured loans, and this includes:1. An unsecured loan is not secured against any asset and is instead based on trust and contract. This means that if you do fall behind on repayments - although this is not advisable due to the effect it will have on your credit - you will not be risking losing your home or any other asset. 2. You do not have to be a homeowner in order to qualify for an unsecured loan, which means that you can opt for this type of loan even if you are living with family or renting. This makes this type of loan more accessible to those with a decent...more
Many of us know how it feels to have to juggle different debts every month, from loans and catalogue bills to credit cards and store cards. It can be frustrating and difficult to manage your finances effectively when you have a number of debts with...more
Finding a suitable secured loan that offers affordability and suitable terms and conditions is not as difficult these days as it once was. In the past, finding a suitable secured loan often meant ringing around from one provider to another, or...more
There are times when most of us need to take out some form of finance to help us to get the things we want in life, and there are many different forms of finance available to help us do this. If you are looking to by a home you can enjoy a choice of...more
Life can get very stressful and difficult when you are bogged down with lots of debt, and those juggling a range of high interest loans with a variety of creditors often find that they are paying out a small fortune on their debts as well as facing...more
For many years secured loans have provided an effective and affordable solution for homeowners that wish to borrow money and raise finance for one of a range of reasons. Secured loans are loans that are secured against the home, and are therefore...more
Anyone that has a wide range of high interest debts to deal with will know what a burden it can be to try and cope with this type of debt. Dealing with a number of high interest debts can prove a burden in more ways than one. This is because it can...more