RSS feed:
Categories
ARCHIVES
About Debt Consolidation
Debt Consolidation does not necessarily involve a new loan. A debt consolidation loan is only one method of debt consolidation. There are other options available for consideration. The primary approach a debt consolidation provider will take, involves contacting your creditors and negotiating your debt with a view to obtaining better terms on your outstanding loans.
March 24, 2008 at 3:49 pm | Debt Consolidation | No comment
Trackback URL for this post:
http://www.personalloansmadeeasy.co.uk/loans-uk-info/debt-consolidation/about-debt-consolidation/trackback/
Easy Loans in Decline
The modern day simplicity of arranging a loan or credit card has led to many of us becoming quite complacent – not being too worried about needing to find some quick cash for anything that may lie ahead.
However, the availability of such borrowing is definitely shying off. Now that the banks are also fretting over being short of cash, they’re becoming increasingly cautious about who they will lend to. Many lenders have ditched unsecured loans altogether in favour of the less-risky secured loan.
Equifax has reportedly experienced double the number of credit checks being made by consumers, desperately trying to arrange a personal loan or credit card as the clamp-down takes hold.
March 21, 2008 at 10:52 pm | Loans General Info | No comment
Trackback URL for this post:
http://www.personalloansmadeeasy.co.uk/loans-uk-info/loans-general-info/easy-loans-in-decline/trackback/
Consolidation Loan Uptake Increases
It’s claimed that around 6.5 million people have taken out a consolidation loan over the past 3 years. Almost 1.3 million debts that were moved were in excess of £20,000. 23% of people aged 25-34 have moved to consolidate all their outstanding debt with a single loans company.
March 19, 2008 at 11:44 pm | Debt Consolidation | No comment
Trackback URL for this post:
http://www.personalloansmadeeasy.co.uk/loans-uk-info/debt-consolidation/consolidation-loan-uptake-increases/trackback/
Rising Personal Loan Rates
According to Moneyfacts.co.uk, personal loan interest rates continue to rise, with the overall average rate now standing at 4.6 per cent higher than this time last year.
The ongoing credit crisis is being blamed for the steep increases, as lenders become more cautious and concentrate on getting money in rather than lending it out.
The site also reports that the secured loan market is now reducing, seeing eight lenders, including Picture Financial and Alliance & Leicester, no longer offering a secured loan.
March 18, 2008 at 11:19 am | Secured Loan | No comment
Trackback URL for this post:
http://www.personalloansmadeeasy.co.uk/loans-uk-info/secured-loan/rising-personal-loan-rates/trackback/
Credit Card Debt Consolidation Explained
Repaying numerous debts can be most costly when credits cards are responsible. The interest rates and penalties can be financially crippling. A credit card debt consolidation loan is the best way forward to clear your multiple credit card debt and get on the road to becoming debt free.
A credit card debt consolidation loan combines all your various credit card debt into one single loan with a lower rate of interest and preferable repayment terms. A personal loan advisor can arrange this for you.
March 16, 2008 at 1:46 pm | Debt Consolidation | No comment
Trackback URL for this post:
http://www.personalloansmadeeasy.co.uk/loans-uk-info/debt-consolidation/credit-card-debt-consolidation-explained/trackback/