Don’t be hasty when purchasing a new car. Consumers in the UK are said to paying through the nose for overpriced car finance plan’s offered through dealerships.
The average plan for car finance carries an APR of around 11%, however a personal loan sourced with the intention of purchasing a car could cost around 50% less. [...]
Is it possible to borrow your way out of debt? Many consumers in the UK seem to believe it is.
One of the main reasons behind the huge influx of consumer debt is thought to be due to lack of education or misunderstanding when it comes to credit. A debt consolidation loan is a very good [...]
If you’re a first time buyer, getting onto the property ladder can be a daunting prospect. The number of first time buyers in the UK has fallen sharply in recent months, we take a look at some of the reasons why first time buyers are struggling to find a new home: -
1. House Prices
The average [...]
It has been reported that a record number of consumers are being refused credit cards; with almost 110000 applications rejected every week.
It is thought that many lenders are tightening their criteria when it comes to credit card borrowing in response to the mounting debt effecting consumers in the UK. Some credit card companies have been [...]
The number of approved bank loans for the purpose of purchasing new homes has decreased for the second month running compared to equivalent months last year.
The decline in the number of new home loans is said to be further evidence of a slowdown in the UK housing market. However, the average loan approved is up [...]
Debt consolidation loans can be a very effective tool in reducing a persons overall debt, however they can also be detrimental to your finances if used irresponsibly.
The primary reason for using a loan to consolidate debts is to reduce the overall interest rate accumulated through other forms of credit. It makes perfect sense to consolidate [...]
Unsecured debt in the UK is most prevalent in UK women new studies reveal.
The average debt for women in the UK equates to around £520, with the total debt being around £19 billion mark. Women tend to run up debt on personal shopping sprees with the bulk being spent through credit cards, overdrafts and of [...]
