Category: Debt & Financial Services
Loans
There are several types of loans available. To name just a few: unsecured loans, secured loans, car loans and debt consolidation loans. A loan is a type of credit – and therefore it must be repaid. Repayments are usually made on a monthly basis, and will continue until the loan (plus any interest) [...]
Financial Advice – Who Should You Turn Too?
Where can you turn for financial advice? The bloke in the pub? Your window cleaner? Your bank? You may think you’ll get more honest help from the first two these days, but for decent advice you need to go to a professional. The financial advice industry has been tarnished by a series of scandals, ranging [...]
A Common Sense Guide To Loans
Loans are issued by banks and other financial companies. They allow you to borrow a fixed amount of money, which you then pay back in instalments over an agreed period of time. This could be anything from 12 months to five years typically, although longer repayment periods are offered on some loans. You’ll pay back [...]
Guide Lines To Help You Deal With Debt
Taking control Most of us have some form of debt – the largest being a mortgage, as few of us have enough cash sitting around to be able to buy a house outright. The danger with debt is that it can become a habit. Things like credit cards, store cards and loans allow us to [...]
Offshore Banking – What You Need To Know
Interested in opening an offshore bank account? Here’s what you need to know about the offshore banking process first. Where does the term ‘offshore’ come from? The term ‘offshore’ originates from the Channel Islands (Jersey, Guernsey etc.) which are physically located offshore from mainland Britain and which enjoy a tax haven status. The term is [...]
UK Economy – Safety-first Approach As Demands For Borrowing Falls Short
Outstanding debt on consumer overdrafts and personal loans, at £52bn, was at its lowest for 10 years, the British Bankers’ Association (BBA) said.However, there was a slight rise in the number of mortgages approved in July. Among businesses, the banks said that debt repayments by companies were outstripping new loans. Cutting debt The figures suggested [...]
Euro Zone Debt Crisis – Belgium Calls For Euro Bond, Bigger Bailout
VIENNA/BRUSSELS — Pressure on Germany and France to take radical action on the euro zone debt crisis mounted on Friday, as financial markets sagged further and Belgium added its support to calls for the region to issue debt jointly. Belgian Finance Minister Didier Reynders said the bloc should issue common euro bonds and expand its [...]
Osborne Demands Fresh Budget Cuts Globally
George Osborne yesterday demanded fresh budget cuts across the globe. Ahead of a Franco-German summit to deal with the eurozone crisis, the Chancellor warned that political leaders were the biggest barrier to the global recovery. Mr Osborne called on them to follow his tough stance on deficit reduction and stressed the need for nations to [...]
How to keep your money safe as the entire world implodes
THE latest stock market bloodbath, which last week pushed European stock markets to their lowest level in two years, has investors running scared. Rumours that France could be the next in line for a credit downgrade after the United States sparked panic across Europe. Concerns about the European debt crisis, and the prospect of a [...]
Preparation For A Possible Recession
According to J.P. Morgan, the financial markets are now pricing in a substantial likelihood of a recession and a 30 percent decline in corporate earnings. If that were to materialize, it would make the current situation look like elementary school recess. But I am not in that camp. I think things will improve. But that [...]
