Archives for January 2008
Pillow talk may not include loans
Article Category: Debt Management Help and AdvicePillow-talking partners’ conversations may not include chats about loans that have been taken out, according to a new study.Abbey, the high street bank, has released figures showing that around 1.3 million Brits take out bank loans without telling their partners or families.The average amount of ’secret’ loan taken out […]
Getting financially fit requires discipline
Article Category: Debt Management Help and AdviceGetting financially fit requires the same discipline as training to get in shape physically, according to Abbey.The high street bank says that spending some time reviewing personal finances can make a substantial difference to the amount of money paid out each year.Nici Audhlam-Gardiner, head of mortgages at Abbey, says […]
Credit card ’surfing’ could save money
Article Category: Debt Management Help and AdviceSo-called credit card surfing could save borrowers a lot of money, according to a price comparison website.Everyinvestor.co.uk says that a borrower needing £10,000 could save £1,054 over a four-year term by using a series of zero per cent credit card balance transfer offers instead of a personal loan.Chris Gilchrist, […]
New standards agreed for IVA’s
Article Category: IVA (Individual Voluntary Arrangement) Help and AdviceNew standards governing the way IVAs are sold and advertised are set to be put in place.Borrowers who can no longer afford to repay loans will now have greater protection by way of agreed industry standards for advertising, advice, information and documentation, as well has higher levels […]
Housing market ‘less accessible’
Article Category: Debt Management Help and AdviceBritain’s housing market is now considerably less accessible than it was 12 years ago.Figures from the Royal Institute of Chartered Surveyors (Rics) has revealed that a couple on low quartile earnings now have to save 104 per cent of their annual take-home pay to cover the deposit, stamp duty […]
Going green ‘can slash cost of motoring’
Article Category: Debt Management Help and AdviceAnyone struggling to raise the finances needed to run a car because of debt problems or a bad credit history might consider going green.Research by uSwitch.com, the price comparison website, revealed that environmentally-friendly cars can offer their drivers significant savings.Fuel bills could fall by as much as £165 per […]
Look at ‘entire marketplace’ to save money
Article Category: Debt Management Help and AdviceHard-pressed consumers struggling to keep their heads above the financial waters should look at the "entire marketplace" and seek out the best energy, insurance or personal finance provider, according to a price comparison website.USwitch.com says that consumers "definitely need to do something" when it comes to finding a better […]
Be wary of bridging loans
Article Category: Debt Management Help and AdviceHomebuyers desperate to move homes should be wary of high-interest bridging loans, according to AA Legal Services.James Molloy, from the organisation, says that although broken chains remain a "big issue" for homebuyers, they should take "appropriate advice" before taking out these types of loans.Bridging loans are a way of […]
Remortgaging ‘could be the answer’
Article Category: Debt Management Help and AdviceRemortgaging could be the answer for millions of hard-pressed borrowers, according to Abby Bank.A survey undertaken by the bank reveals that around five million people around the country are not aware that they could have a better mortgage deal and are paying out an extra £1 million collectively each […]
Knock finances into shape
Article Category: Debt Management Help and AdviceIf the credit card blues have descended following the festive splurge then borrowers should try and lift the gloom by spending a little time knocking their finances into shape.In a statement, personal finance website moneyfacts.co.uk says that the last couple of weeks has probably seen thousands of people taking […]