A secured loan is a loan that is available to homeowners, and this is because these loans are secured against the home. With equity levels rising steeply over recent years, secured loans have become a popular, affordable, and effective way for many homeowners to raise money, and the finance raised through this type of loan can be used for one of a range of purposes.One of the popular uses for homeowner loans is to consolidate debts, as many...more
According to officials from the Office of Fair Trading many people may be paying way over the odds for their credit card borrowing, and the lenders that provide these cards could be raking in around £400 million every year simply because of the confusion that they cause amongst borrowers with their small print.Officials from the OFT have said that the confusing small print, which tends to be filled with financial jargon and technical terms that...more
It is important that you do your homework before you make an application for a loan, as this will not only help to ensure affordability for you, but could also help to speed up the whole process, enabling you to get the loan you need without any unnecessary delays. By doing your research you will find that the whole loans process can be faster and easier, and you can get the money that you need far more quickly.The type of preparation that you need to make depends on the type of loan that you are applying for. There are both secured and unsecured loans available depending on your needs and circumstances. Secured loans are loans that are secured against an asset, which is usually the home, and are therefore available to homeowners only. An unsecured loan is based on contract and not secured against any asset, and these loans are available to non-homeowners as well as homeowners, but you will usually need very good credit to get an affordable unsecured loan.Whether you are applying for a secured or an unsecured loan conducting some research into the different products available is vital in order to increase affordability. You should browse a range of loans from a variety of lenders...more
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,...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...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...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...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....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