According to an article in the daily record (www.dailyrecord.co.uk – 06/11/07) there has been a major increase in the number of people being refused credit cards. This is bad news for people relying on this form of credit. Read the rest of this entry »

Debt Consolidation is a very common phrase however it is surprising how many people do not understand what debt consolidation actually is and whether it is suitable for them. Read the rest of this entry »

Unsecured loans are often seen as the most obvious way to borrow money, but as the interest rates increase many of the high street lenders are tightening their criteria. In order to be eligible you will need to meet the lenders’ requirements with regards to your credit rating, your age, your employment and financial history, and various other areas depending on the lender that you go through. Read the rest of this entry »

A lot of companies and websites try their best to attract you to their site and hopefully get you to complete an application. One of the most obvious ways that they do this is by having an extremely attractive rate highlighted to entice you in. The problem with this is that this rate is not available to everybody. Read the rest of this entry »

A recent survey has discovered the lengths that people are going to in order to pay their mortgage or rent every month. The article (www.guardian.co.uk -17/10/07) states rising housing costs forced more than a million householders to use a credit card to pay their mortgage or rent over the past 12 months, a poll for the housing charity Shelter reveals today. It says a growing number of young people are turning to expensive sources of credit to hang on to a home. Read the rest of this entry »

There are many people who are currently considering whether or not they should consolidate their debts or should they wait? There are also many people who have put off consolidating over the last six months. The question around should we wait is one that we can only answer for ourselves. Read the rest of this entry »

There are many ways that you can get into debt and sometimes they are out with your control. This could range from a family member losing a job, the birth of a child or even a death in the family. Regardless of the reason, the situation can occur when your monthly income is less than your monthly expenses / outgoings. Read the rest of this entry »

If you are a homeowner, then at some time or another you will have to carry out home improvements. These improvements can range from fixing a roof or installing new windows through to building an extension. Read the rest of this entry »

As you may be aware, many High Street Lenders may refuse people credit for a number of reasons. Within this article we have tried to highlight the main reasons why people are refused credit. Even if you are refused credit then there are still options open to you as there are specialist brokers who may be able to help you get a secured loan or remortgage your home. Read the rest of this entry »

Anyone who watches the adverts on TV or looks at the adverts in newspapers cannot help but notice the amount of Debt Management companies that have sprung up in recent years. These companies tell you that if you have debts of over £15,000 that you can get an Individual Voluntary Arrangement (IVA - or Protected Trust Deed, in Scotland), write off up to 75% of your debt and be debt free within 5 years, which does sound appealing at first glance. However this may not be the best solution for everybody as there can be serious consequences – and getting a secured loan or remortgage by a specialised broker like Newleaf Finance might still be the better option! Read the rest of this entry »