There are many people out there who, despite the current recession and situation, despite their own extremely bad credit rating with debts of up to £50,000 and more, they still go and take out further loans and bring more unhappiness into their lives. There are many companies out there who offer bad credit loans to [...]
We have all heard of the credit crunch now and we all know the effects it has had across the globe at a corporate level as well as an individual level. Why has it had so much effect? When people and businesses take out loans, they hope the interest rates will remain the same throughout [...]
The knowledge of Debt Recovery is extremely crucial for most businesses from day 1. Why is this? Many, and I mean, many businesses have gone bust a couple of years into the business due to transactions made within the first few months of the business. Sooner or later it will catch up to you. In [...]
Middle class parents are being forced to take out personal loans so that they can fund school fees as dive into this credit crisis. Almost 18,000 parents took out loans to cover their children’s education last year as the cost of living is increasing. Day schools can cost an average of almost £10,000 and boarding [...]
Payment protection insurance (PPI) is a highly profitable businesses for banks and can return £5bn a year. PPI can cover repayments of credit cards, mortgages, personal or other loans should one become ill, injured or unemployed. Britons are being over charged by £1.4bn a year from sales of PPI according to the competition watchdog. The [...]
This site is all about loans, mortgages and all aspects of managing your money. If this is something you’re quite good at, then have you ever considered a career in money-management? There are many different careers available, some of which I’ve listed below: Mortgage Advisor Banking Accountant Financial Advisor (this is the ultimate one!) The [...]
Many of you may already be aware that churches also have to borrow money from time to time in order to refinance their facilities, construction work or for expansion. Up until now I thought they were running on our donations. A non profit organisation , Church Mortgage and & Loan Corp based in America who [...]
The bank of england has cut its interest rate today to 5% from 5.25% to try to spur the economy. This is the 3rd cut in the interest rate since December last year. The largest mortgage lenders will pass the cut on to their customers who pay variable rates. However many mortgage lenders are yet [...]
I’m sure you will have read about the current mortgage crisis, commonly being referred to as the ‘credit crunch’. It’s come about because the number of repossessions has increased in America and this is primarily being attributed to mortgage lenders lending money to pretty much anyone, in particular the sub prime market (those who have [...]
According to the latest report British consumers were lent £21bn of personal loans without income checks. 70% of applicants were not asked to prove their income and 45% of pople took out loans from other lenders instead of their own banks so the lender had even less information about their potential borrower. 15% were not [...]