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Archive for January, 2008

Secret loans damage relationships

Loans - Thursday, January 31st, 2008

Brits, who consider themselves to be involved in a closely knitted relationship with their partner, may not be fully aware of all their financial dealings.
According to recent studies, more than 1 million people within the UK have taken out a personal loan or credit card within the last 12 months, without running it past their [...]

Homebuyers urged to think hard before using Bridging Loans

Bridging Loans - Wednesday, January 30th, 2008

Homeowners looking to fund the purchase of a new home via the mechanism of Bridging Loans have been advised to tread with caution.
According to leading financial management firm, Bridging loans are amongst one of the most common ways for borrowers to jeopardise their financial health, due to the inflated risk that the very nature of [...]

Home Loan payers may not survive the credit crunch

Loans - Tuesday, January 29th, 2008

Low earning families within the UK may not have the financial resources necessary to combat the effects of the credit crunch.
Government officials have stated that due to a series of economic blunders, which have occurred over the past few months, families within certain demographics may be faced with severe financial difficulties at the later part [...]

Brits stand to save, through changing plan providers

Loans - Monday, January 28th, 2008

Loan borrowers within the midst of repaying a plan, have been advised to keep a watchful eye on the market place, as new, better priced consolidation deals may warrant a mid term change.
New statistics reveal that British consumers spend in excess of 1 billion pounds each year, as a result of not switching to a [...]

OAP’S use equity loans to bridge retirement shortfalls

Equity Loans - Friday, January 25th, 2008

Record numbers of senior citizens are using equity loans as a means to clear their debts whilst in retirement.
Recent research by one of the countries most established retirement welfare specialists (KRS) shows that some 15% of pensioners are using equity levels stored within their homes as a means to clear outstanding credit commitments on their [...]

Newly revealed debt trends delay plans of marriage and children

Loans - Friday, January 25th, 2008

Recent studies have revealed that the typical British consumer is likely to become and remain indebted up until their early 60’s.
As British credit shoppers amass more in the way of loan and credit card commitments, the likely hood of having to deal with the burden of debt into the early years of retirement has increased [...]

Potential financial hardships force Brits to take steps

Loans - Thursday, January 24th, 2008

One of the UK’s leading financial comparison sites has recently announced that 2008 could prove to be a year of serious financial hardships for many Brits.
The site suggests that reduced credit spending through high street outlets, at and around Christmas time is evidence that many people within the UK, are struggling to manage their existing [...]

 
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