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Many Personal Loan Options Still Available
A spokesperson at thinkmoney.com has spoken of the reduced availability of the secured loan, as a result of the credit crunch. There are still, however, a range of personal loan solutions available to those who find themselves in financial difficulty.
“Depending on the individual’s circumstances, a number of other debt solutions may be more appropriate than a secured loan, such as a debt management plan, an unsecured consolidation loan, an IVA (individual voluntary agreement) or, for residents of Scotland, a trust deed,” said the spokesperson.
July 31, 2008 at 3:42 pm | Secured Loan | No comment
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Energy Price Hike – It’s a Gas Gas Gas
British Gas has indicated, as a result of a self-commissioned report, that energy prices will see a substantial increase in the near future.
The report cites Britain’s depleting North Sea reserves as the reason for the hike, with a growing need to import natural resources which will be subject to greater fluctuations in price.
With many people already finding it difficult to stay financially afloat, as we begin to feel the real pinch of the credit crunch, it may be a good time to consider debt consolidation as a solution. A personal loan for debt consolidation purposes could allow people to spread their monthly outgoings, in order to free up some cash for the increasing cost of essentials, such as energy bills.
July 29, 2008 at 3:26 pm | Debt Consolidation | No comment
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Small Personal Loans
For a fast solution to a temporary shortage of cash, small personal loans are widely available. This is an increasingly competitive sector, so it makes really good sense to do your homework – the best place to compare the vast array of loans on offer is online.
In many cases, you can fill out one easy personal loan form to compare multiple loan companies and find the best deal available to you, based on your individual requirements.
July 27, 2008 at 3:12 pm | personal loan | No comment
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Debt Consolidation For Business
Debt consolidation is a widely understood type of personal loan these days. However, fewer people are aware that a consolidation loan can be arranged for business debt as well as just personal debt.
If you think a business debt consolidation loan could be appropriate for your circumstances, talk to a loans professional for some informal advice.
July 25, 2008 at 2:35 pm | Debt Consolidation | No comment
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Consolidations and Celebrations!
Okay, that’s not quite how the song goes, but countless numbers of people feel the need to celebrate as they clamber out of the debt trap via a debt consolidation loan.
One of the main benefits that people report, after arranging a personal loan for consolidation purposes, is the sheer relief of finally having a plan in place with a visible, workable target to becoming debt free.
(Just don’t celebrate with a month in The Bahamas or something, or you might find the plan a bit hard to stick to – think more along the lines of cake and drinks with friends and you should be okay!)
July 23, 2008 at 12:10 pm | Debt Consolidation | No comment
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Secured Loan Still the Best Option
Secured loans are still generally regarded as the most efficient way to borrow significant amounts of cash through personal loan finance.
A secured loan is the most appropriate type of personal loan for anyone needing to finance the purchase of a house or other property, a car or maybe just make some home improvements.
July 21, 2008 at 1:53 pm | Secured Loan | No comment
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Personal Loan? No Thanks, Banks.
It’s widely acknowledged that it’s usually significantly more costly to walk into a bank and arrange a personal loan.
Make sure you do your homework on the web and check out online loan rates before you make any kind of commitment.
July 20, 2008 at 10:57 am | personal loan | No comment
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Personal Loan Availability to Shrink Even Further
A financial expert has warned that the availability of personal loan products could well reduce even further in the coming months.
First Plus is the latest company to withdraw the provision of personal loans from its services.
Michelle Slade, a market analyst from Moneyfacts, has reportedly suggested that the market will shrink further now that one of the biggest lenders has withdrawn.
Michelle said: “Unfortunately, many lenders are no longer finding secured loans a viable business option.”
July 18, 2008 at 6:07 pm | personal loan | No comment
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Bridging Loan Warning
According to mortgagesorter.co.uk, the current financial climate makes it a bad time to use a bridging loan, as a mortgage loan will currently be harder to arrange in order to repay it.
This is good advice, and definitely worth taking note of. However, as with any type of personal loan, the message here is ‘look before you leap’. That may seem obvious, but many people still don’t consult a personal loan adviser before entering into loan agreements which later land them in trouble.
Take the time to talk to a loans professional, obligation free, before making any kind of loan arrangement – it takes only minutes and could save you from years of financial hardship. Call 08456 210 150 for some invaluable professional loans advice.
July 16, 2008 at 7:05 pm | Bridging Finance | No comment
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NOT A GOOD 12 MONTHS FOR PERSONAL LOAN RATES
The older you get, the faster the years seem to go by – that’s just a fact. Perhaps that’s why things also seem to get more expensive, more quickly? Or perhaps that’s just because things DO get more expensive more quickly…
Sadly, one of the most notable increases in the past year is personal loan rates. If you took out a personal loan of £5,000 in April 2007, the average rate would have been 8.21 percent. By the time we reached April 2008, that rate had increased to 9.85 per cent.
July 15, 2008 at 10:52 am | personal loan | No comment
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