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Archive for October, 2007

Curtailing the loans crunch

Loans - Wednesday, October 31st, 2007

Millions of UK consumers have been warned to take heed of the still very real financial threat posed by the credit crunch anomaly.
Drawing its facts from a recently issued report drafted by the Bank of England, one of the UK’s leading financial intermediaries has warned that any consumer with credit commitments running in excess of [...]

FTB’s and home loan payers on tenterhooks

Loans - Tuesday, October 30th, 2007

Rising property prices are fast becoming the hot topic of the moment for many would be first time buyers. However, recent studies reveal that at the market’s current momentum, many FTB’s will be unable to maintain repayment commitments on any type of future home loan plan.
The news comes in light of a survey into future [...]

Offline home loans cost consumers more

Loans - Monday, October 29th, 2007

Consecutive rises in the rate of national interest have caused a significant number of home loan providers to increase the rates of interest tagged to a number of their products.
A survey conducted by a leading financial intermediary has discovered that post Q2 2007 has seen a number of home loan providers increase the cost of [...]

Hasty loan borrowers unaware of credit commitments

Loans - Friday, October 26th, 2007

A recent report compiled by a UK based credit reference agency has revealed that almost 1 in every 3 borrowers is unaware of the exact figure owed to the sum of their creditors.
As alarming as the above piece of information may sound, what may come as even more of a shock is the fact that [...]

Savvy card spenders reduce home loan balances

Loans - Thursday, October 25th, 2007

Using credit cards to pay off part or even all of your outstanding home loan balance could make perfect financial sense according to one expert.
A spokesperson for one of the UK’s leading debt advice charities has suggested that using cards to pay off a sizeable chunk of persons home loan can save thousands if circumstances permit.
For [...]

The Christmas credit rush comes early

Loans - Wednesday, October 24th, 2007

A record amount of UK consumers are expected to take out personal loans over the next few weeks for the sole purpose of financing the festive period.
One of the countries largest savings and investment firms has revealed that the “Christmas Credit Rush” was already off to a flying start, with more than 20,000 people said [...]

Net wary consumers miss out on the best loan deals

Loans - Tuesday, October 23rd, 2007

A new study compiled by one of the UK’s leading financial comparison sites has revealed that consumers who opt to use traditional methods for sourcing personal loans such as high street banks and building societies, could be missing out on substantial savings that are only made available online.
 
The site has discovered that a large proportion [...]

 
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