For many people who do not own a home or other substantial assets, there are other options including an adverse credit loan, basically unsecured by personal assets (chiefly a home). These loans may also be for the purpose of consolidating existing debt, or for home improvements, a holiday, a new car etc. Adverse credit loans […]
Adverse Credit Mortgages
An adverse credit mortgage, also known as a sub-prime or non-conforming mortgage is a loan secured by your home or other property. This type of loan is often made in circumstances where there have been credit problems in the past, and/or you have no regular income that can be verified. The terms of such a […]
Beware of UK Bank Frauds
Have you been shopping online endlessly to celebrate New Year and Christmas bash? You must be. People do this every year. But there is something that you need to be aware about. It is all about the evils of online bank fraud that has increased almost three times this year as reported by Bank Payments […]
Dealing with debt: five top tips
The prison of debt is a powerful one that can not only take away all your energy and make you feel as if there’s no escape but it can also have an extremely physical effect on a person. Night’s spent worrying and not sleeping can stretch out into long days of exhaustion and the feeling […]
Debt recovery explained
The business of debt recovery is very simple; it is the process if collecting an outstanding debt from either a company or individual by using a third part debt recovery specialist http://www.debt-claim-services.co.uk/. Companies such as this will effectively take over the debt and contact the debtor directly, and try to make a financial arrangement acceptable […]
Different Kinds of Credit Explained
Credit is nothing new and the premise is very simple. You purchase an items and pay for them at a later date through regular monthly payments. You pay for this facility through interest being added on to the original price of your purchase. Apart from credit cards, hire purchase, mortgages and loans are all forms […]
Don’t cut your car insurance to get out of debt
Getting into debt can be easy; getting out can be quite difficult. When you are in a financial predicament, it can be tempting to cut corners to generate more money with which to pay your debts off. But you shouldn’t cut your car insurance. If you have a good car insurance policy, than you should […]
Get Your Credit Score Back On Track
You are not alone if you are struggling with debt, you are only one of thousands of people worldwide that are struggling to manage their finances at the minute. A majority of this can be blamed on the current economic climate which caused so many of us to lose jobs, leaving our finances in absolute […]
Individual Voluntary Arrangement (IVA)
An Individual Voluntary Arrangement (IVA) is an option for dept consolidation in some cases. This is the alternative to declaring bankruptcy, and must be set up by a licensed Insolvency Practitioner (IP). There are certain criteria that apply if you wish to take this route, and an IVA is not the solution for everyone. In […]
Remortgages
For homeowners, the option of a remortgage can be a suitable course of debt consolidation or just lowering the monthly payment on your mortgage, or to free up more capital for other uses. There are several types of remortgages, and help is available from a number of reputable sources. You should definitely do some shopping […]