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Pocket Money Bridging Loan
Spoiled kids who blow their ‘allowance’ on pre-shredded jeans and nauseating ringtones, go to their foolish parents with pathetically fake faces and get another ill-deserved sympathy hand-out. Teaching them nothing.
That now applies to the relationship between major financial institutions and the government, it seems. Having lent vast sums of money, that simply weren’t there, to vast numbers of borrowers, who were only too happy to oblige, lenders have now gone to the government with their bottom lips out and their heads cocked to one side.
The result? The government has patted them on the head, said “There, there, little Timmy” and given them a £50billion bridging loan!
So what do the rest of us get as a reward for NOT hemorrhaging cash like there’s no tomorrow? Oh, another rise in the cost of living. Thanks dad, I’m sure it’ll make me a better person.
April 29, 2008 at 8:48 am | Bridging Finance | No comment
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Debt-trap Breakers
If the late great Roy Castle had been excited by debt consolidation, rather than world records, he might have written a song a bit like this:
Consolidation, consolidation,
Consolidation, that’s what you need,
If you wanna beat those debts,
And reverse those loan regrets,
Consolidation’s what you need.
If you wanna be a debt-trap breaker….
April 28, 2008 at 10:37 am | Debt Consolidation | No comment
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Types of Secured Loan
Common types of secured loan include home owner loan, debt consolidation loan, mortgage loan and second mortgage.
April 26, 2008 at 8:23 am | Secured Loan | No comment
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What Exactly IS a Bridging Loan?
A bridging loan – or ‘bridging finance‘ – is simply a short term secured loan, that can be arranged promptly to cover a shortfall in your finances. Typically, a bridging loan is used to finance the purchase of property, usually when the sale of an existing property is not completed in time to make payment on a new property.
April 25, 2008 at 8:19 am | Bridging Finance | No comment
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Credit Card Debt Consolidation Loan
No debt is a good one, but one of the worst kinds is the dreaded credit card – mainly because the interest rates on such debt can be cripplingly high.
One of the best solutions to get out of a credit card debt situation is to arrange a credit card debt consolidation loan. This kind of loan allows you to merge all your credit card debts into one single loan and lower the interest rate you pay on the debt. You will also have only the one lender to deal with instead of having to keep up with numerous lenders.
April 23, 2008 at 8:13 am | Debt Consolidation | No comment
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