Archives for the 'Debt Consolidation' Category
Belts tightened as low-cost credit dries up
Article Category: Debt Consolidation Help and AdviceBorrowers are having to increasingly look for higher cost credit in their search for a loan.That is the view of debt charity Credit Action, which says that the tightening of lending criteria, due to financial turbulence in the money markets, has made it more difficult for people who may […]
Debt worries growing
Article Category: Debt Consolidation Help and AdviceMore borrowers are getting worried about the debt they are piling up.That is the message from price comparison website MoneyExpert.com, which has undertaken research showing around 33 per cent of adults with debts are concerned or very concerned about their ability to keep on top of their borrowing.In addition, […]
Loan tarts can save money
Article Category: Debt Consolidation Help and AdviceLoan tarts who switch lenders mid-term to pay lower rates could save almost £1.25 billion, according to a price comparison website.Research conducted by uSwitch.com has revealed that consumers with an £8,000 loan over five years could save £180 by switching to a best buy deal halfway through.Around 2.5 million […]
Younger adults struggle with mortgage
Article Category: Debt Consolidation Help and AdviceMortgage-payers aged between 25 and 34 are the most likely to put themselves in danger of repossession by missing mortgage payments, according to a price comparison website.MoneyExpert.com says that this reflects "the difficulties" experienced by first time buyers who are trying to scramble up the property ladder.Research undertaken by […]
Brits risk more than sunburn
Article Category: Debt Consolidation Help and AdviceBrits are risking more than sunburn when they go away, with the threat of debts as a result of overspending on vacations pushing more holidaymakers to the brink of financial disaster.According to research undertaken by Alliance and Leicester Personal Loans, Britons spend an average of £34.4 billion on annual […]
Loans getting cheaper
Article Category: Debt Consolidation Help and AdviceLoans are getting cheaper, according to a price comparison website.MoneyExtra’s Robin Amlot reckons that there are great savings to be had for customers who take the trouble to shop around.He says that, contrary to reports, the credit crunch crisis has not dented the availability of good offers and checking […]
Debt-laden borrowers beware
Article Category: Debt Consolidation Help and AdviceDebt-laden borrowers need to beware of the pitfalls if they are thinking of consolidating all their borrowings into one loan.Moneyfacts.co.uk says although amalgamating loans can sometimes prove the ideal solution, debtors can occasionally be caught out.One of the traps to watch out for is transferring debts to 0 per […]
Consolidation loans can be ‘very effective’
Article Category: Debt Consolidation Help and AdviceDebt consolidation loans can be "very effective", according to debt help charity Debt Help UK.Iain Wrenshall, director of the charity, said that taking on a consolidation loan is acceptable in the case of several expensive credit card bills or loans being amalgamated into a lower overall interest rate.He does […]
Nearly a million people ‘maxed out’
Article Category: Debt Consolidation Help and AdviceAlmost one million adults in the UK have ‘maxed out’ on one form of credit in the last six months.The sobering statistic of people who have reached the maximum that can be borrowed on at least one form of credit comes courtesy of research by financial comparison website Uswitch.com.It […]
Credit card rates on the rise
Article Category: Debt Consolidation Help and AdviceCredit card interest rates look set to rise as companies try to recoup profits lost as a result of the credit crunch.According to financial information organisation, Moneyfacts, there were 125 increases in rates and fees on various credit cards in the two months preceding November 2005.It also says that […]