In this day and age there are many people who have a poor / bad credit history and there are many ways that this can occur. If this does happen to you then the results are it can be harder to get credit and it may be more expensive. It is possible to repair your credit file and to do so there are certain things that you should do: Read the rest of this entry »

Within the last few weeks we have published quite a few articles that are relevant to customers who are considering consolidating their debt through a secured loan or remortgaging their home in the UK. The articles covered a number of topics:

• Consolidating Debt - A Loan Before Xmas - This article illustrates to receive the funds before Christmas then there are cut off dates.
• More People Refused Credit - Due to the rise in bad debt most of the high street lenders are making it harder to get credit.
• Understanding Debt Consolidation: There are a lot of people who do not realise that debt consolidation could benefit them.
• Secured Loan May Be The Best Option: As it gets harder to get an unsecured loan the best option to consolidate may be a secured loan. 
• Loan UK - Not Getting Advertised Rates From Loans Companies?: A lot of companies use headline rates to attract you to their service but this is not always the rate you are offered.
• Mortgage Payments Paid By Credit Cards: Research has found that people are using expensive credit cards to pay their mortgage payments.
• Should You Wait To Consolidate Your Debt? If you are wanting to consolidate your borrowing, should you wait or do it now?
• Is Your Monthly Income Less Than Your Outgoings? If you are losing money every month then consolidating your debt could help.

As you will be aware christmas can be a very expensive time for a lot of people. The thought of having to find money for the holiday period can be a worry for a lot of people. Read the rest of this entry »

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 »