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Pawn Industry Throbbing With Success
It’s regarded as a seedy underworld by some, but more and more of us are turning to pawn as the credit crunch tightens its grip on our finances.
As the banks who once liked saying ‘yes’ line up to say ‘no’, pawnbrokers are gaining in popularity as a place to get a fast and easy secured loan against property of value.
June 30, 2008 at 11:31 am | Secured Loan | No comment
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Car Loans Are Easy
Getting a car loan is, thankfully, one of the types of personal loan that is still relatively quick and easy to arrange. In most cases the car will act as security on the loan, just like with a mortgage, so the lender is happy with the associated reduced risk.
June 29, 2008 at 2:04 pm | personal loan | No comment
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Watch Out For Personal Loan Errors!
Andile Mpambani, from Khayelitsha, is feeling hugely relieved to keep his home after his lender had issued him with a sale of property notice all because his bond installments were paid into the wrong bank account!
He was informed that his house was to be sold on Thursday at 10am, but fortunately a bank error was cleared up before he had to clear out.
The mix up happened simply because he’d been given the wrong account number for a personal loan he had taken out, meaning that his payments had unknowingly been going to the wrong place!
The lesson: Type those numbers in carefully and keep track of your statements to make sure everything is going where it should be!!
June 26, 2008 at 6:07 pm | personal loan | No comment
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SECURED HOMEOWNER LOAN: WHAT YOU SHOULD KNOW
If you’ve got equity in your home, you can use it to get a secured loan fairly simply. Great. But hang on, what’s that loan for?
If you’re considering taking a secured loan against your home to pay off credit card debt, then you should be mindful of some crucial facts. Your credit card debt is basically an unsecured loan – meaning there is no collateral for the lender to repossess from you if you default on the payment. If you effectively convert this debt into a secured loan, you could end up losing your home as a result of any failure to meet the agreed payments.
If you need to know what’s the best kind of loan to suit your individual circumstances, you can have an informal chat with a professional advisor today by calling 08456 210 150.
June 24, 2008 at 2:31 pm | Secured Loan | No comment
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Why Bridging Loans Are Easy
Bridging Loans for short-term financial obligations are easy to arrange because the loan is backed by collateral, so the background checks required are less extensive than with other kinds of personal loan.
This can make the whole process of arranging a bridging loan surprisingly quick and easy.
June 22, 2008 at 2:16 pm | Bridging Finance | No comment
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Secured Loan Provider Closes
Secured loan company, Endeavour Personal Finance, has said they will not be accepting any further applications for new business.
A spokesman for the parent company, HFC, said, “We have conducted a review of the business and as a proportion of our bank’s business, EPF is tiny and doesn’t fit with our distribution channels.”
June 20, 2008 at 8:44 pm | Secured Loan | No comment
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Study Hard, Get a Degree, Then a Huge Debt!
Well done on your new qualification! Now start paying for it!!
It’s a sad truth that in the pursuit of the qualification that you ultimately hope will improve your income, you will inevitably incur a considerable amount of debt, these days.
Student debt can be a hugely negative factor when trying to get on with the next chapter of your life and build your new career, so it’s best to take charge of the situation as early as possible and make sure you are in control.
One solution to balancing debt repayments and maintaining an affordable and, more importantly, enjoyable life can be debt consolidation. A consolidation loan can help you to set in place a plan to repay your debts at a rate that suits you more comfortably if you are struggling to make ends meet. Then you can get on with your life, safe in the knowledge that your repayment plan is working for you, not the other way around.
June 18, 2008 at 6:21 pm | Debt Consolidation | No comment
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Debt Consolidation Can Help, Say Credit Experts
Experian has issued the advice that borrowers who find themselves in various situations of financial difficulty should talk to the lender or a free financial advice service if they are considering a consolidation loan.
Experian said that a consolidation loan can help people with unmanageable debt, but they should be aware of the other options available.
James Jones, of Experian, commented: “Debt consolidation is one of a range of options. I would encourage people to always speak to their lenders if they are struggling to make payments and if they feel the situation is getting out of control, they should seek advice from one of the free advice agencies, from citizens advice, or national debt line.
“They can help you to decide what the best solution for you is and can negotiate on your behalf which can be a very useful route to take.”
June 16, 2008 at 2:47 pm | Debt Consolidation | No comment
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Bridging Loans’s Diary
Oh my God! I ate one tiny piece of chocolate cake yesterday and I’ve put on about ten stone!! It’s not fair, Jennie from the commercial loans department eats about seven bags of crisps a day and still looks like a rake.
I need to be thin before my date on Friday. There just isn’t time! If only I could make some kind of deal to get the body I want instantly and then do the exercise afterwards to pay for it… a bit like a bridging loan for fatties!
June 15, 2008 at 2:35 pm | Bridging Finance | No comment
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Debt Consolidation – What to Look Out For
Debt consolidation, or loan consolidation as it is sometimes called, is a great lifeline for those drowning in multiple debt repayments.
However, what they don’t shout about on the smiley TV adverts is exactly how these loans work. Yes, you will enjoy the luxury of lower monthly repayments, freeing up some cash to enjoy life again. But you will repay more in the longer term as the life of your debt is extended to allow the lower monthly repayments.
There’s nothing sinister about this – it’s just worth making sure you understand completely the terms of the consolidation loan you are agreeing to before it’s too late.
As with any loan, check carefully and always seek professional advice to get the best deal for you.
June 13, 2008 at 2:27 pm | Debt Consolidation | No comment
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