Tips on getting a loan with bad credit
It is nothing unusual these days to have damaged credit, and in fact and increasing number of us are finding out just how difficult life can be with poor credit. Read more
Tags: bad credit loans, major problems, finance, personal loans, legwork
Benefits to paying off debts with personal loans
November 1, 2007 by admin
Filed under News, News-Loans
The main reason people take out personal loans is for debt consolidation, which is no harm, an industry expert has said.
Steve Baillie, head of loans at Sainsbury’s Bank, explained that doing so can be a positive way for someone to start to bring their finances under control.
He said that there are three big financial issues for people, getting out of debt, paying for a new car, and home improvements.
“What you’ll probably find is, anybody that’s doing debt consolidation will probably be doing an element of a purchase at the same time,” he added.
“So there’s a trigger to sorting things out, whether they’re sorting out the house, or putting a new bathroom in or whether they’re getting a second car for the family et cetera.”
Total lending was up by £11.2 billion in September this year, according to research by Credit Action. Meanwhile secured lending saw growth of £9.8 billion during the month.
Tags: harm, finance, new car, home, main reason people, houseAre UK bank services the best?
July 24, 2007 by admin
Filed under News, News-Banking
According to a report from on economic consultancy, consumers in the UK receive far better and cheaper banking services than practically any other developed country. Read more
Tags: interest rates, personal loans, Loans, bank accounts, banksMarch mortgage approvals down
May 1, 2007 by admin
Filed under News, News-Mortgages
It seems that we may be beginning to see demand for mortgages weakening.
New figures from the British Bankers’ Association (BBA) show that the number of mortgage approvals in March fell compared to the same period last year.
In total, 198,000 mortgages were approved, signalling a fall of eight per cent on the same figures for March 2006.
However, the average mortgage amount rose by 12 per cent in 2007, reaching £150,800.
“Strong levels of gross mortgage lending reflect homebuyers and homeowners seeking out fixed rate mortgages as protection against rising interest rates,” said David Dooks, director of statistics at the BBA.
He went on to say that the drop on mortgage approvals indicated that “weaker demand is starting to emerge”.
The BBA’s figures also show that credit card borrowing fell by £0.1 billion in March, signalling a three per cent drop compared to figures for the same month in 2006.
Borrowing on personal loans and overdrafts remained pretty constant.
Prepared for a split?
February 14, 2007 by admin
Filed under News, News-Banking
It may be Valentine’s Day but nobody seems to have told the people at Alliance & Leicester.
The bank has today (February 14th) issued a warning to couples up and down the country, telling them not to get too carried away with their romantic feelings and take a bit of time to consider what could happen should they split up.
According to the bank, 87 per cent of couples are happy to make major joint purchases together, but just four per cent of these people have agreed what will happen to them following a split.
In addition to this, 50 per cent own a home together, while 56 per cent have joint debts. All of this, according to Alliance & Leicester, can lead to financial headaches and elongated heartache if the relationship begins to fizzle out.
“It is the tragic truth that the cost of splitting up can often last longer than the associated heartache,” said Richard Al-Dabbagh, senior personal loans manager at Alliance & Leicester, who admitted that discussing life without your current partner is “hardly romantic”.
“This research shows the huge amount of uncertainly that couples have as to who gets what,” continued Mr Al-Dabbagh.
“It seems that too many people are getting swept away in the moment and buying things jointly with no thought about what happens in the future. The financial implications of starting again after a split can be major.”
Alliance & Leicester says that the average cost of starting a new life following the end of a relationship is around £13,500.
Couples are advised to carefully consider their future finances and any difficulties that they may encounter should the worst happen.
Bad Credit Loans
Getting it bad…
A lot of things have change over the years: none more so than the English language. Today’s teenagers are prone to use all sorts of words that have been invented either as a result of texting or simply to as a result of them wanting to adopt a form of language as their own. Read more
Tags: personal loans, debt, new loan, bad credit loans, case, Loans, Englishman, bad credit historyAn Introduction To Personal Loans
It seems there are a million different ways to borrow money out there. You’ve only got to walk down the high street or browse the internet and you will be inundated with companies offering you money. Read more
Tags: unsecured loans, shop around, loan quote, personal loans, High Street, Loans, Student loans in the United States, secured loans