Category: Loans
Choosing the best mortgage
Picking a mortgage can seem like a minefield, particularly in the current economic climate. Whereby at one time, customer lending was offered widely, now the range of mortgages available – and their lending conditions – have contracted fiercely. The housing economy is going through difficult times and has been for the past few years. [...]
Payday Loans – What We Want vs What We Need
One of the main reasons why many Brits resort to punishingly expensive payday loans is to ensure they don’t ‘miss out on a bargain’, I learned today. Yes, according to payday loan firm Ferratum more and more ‘cash-strapped shopaholics’ are turning to the ‘financial phenomenon’ that is the payday loan to treat themselves to a [...]
European Banks Needs €108bn To Lift Their Capital
European banks will be told to move their capital ratios up to 9 per cent by the end of June 2012, according to EU officials. But doubts remain about whether this will be sufficient to convince markets of the solvency of the continent’s financial sector. The European Banking Authority has calculated that European banks need [...]
Dubai – Drydocks World Sued For $45.5m Over Loan Default
Drydocks World, the ship repair unit of state-owned conglomerate Dubai World, is being sued by a US hedge fund for the repayment of $45.5m, it was reported Monday. US-based hedge fund Monarch Alternative Capital is suing Drydock World after talks to resolve around $2.2bn worth of debt broke down, the Financial Times reported. The action [...]
Home Loan Management
Moving into one’s own home is a joy, which is to be felt not explained. It is utopia what with the poojas, house warming functions, searching for just the right furniture and fittings, praises you get for having taken care of the finer parts in construction and decorating the house and the pride in having [...]
Credit Cards – Brits Prefer Spending Money Than Saving It
British people appear to be far more ready to spend money than to save it, according to new figures. The latest research reveals that Brits spend twice as much time thinking about their credit card payments than their savings. The average British consumer spends up to £3,804 per year – or £317 every month – [...]
Osborne’s “Credit Easing” Scheme To Help Struggling Firms
Small businesses are to be lent billions of pounds by the Treasury in a dramatic attempt to avert a second, disastrous credit crunch. Chancellor George Osborne yesterday unveiled a ‘credit easing’ scheme which will see the state provide cash directly to struggling firms through a bond scheme. This lifeline was seen as an admission that [...]
Fear Of Possible Overdraft Slash Leaves Small Businesses Hoarding Cash
Small firms are hoarding cash that could be used to make their businesses grow because they are too scared to ask for a loan, a major report said yesterday. They are sitting on reserves which could be ploughed back into the economy in case their bank suddenly slashes the overdraft they rely on, said the [...]
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 [...]
Low Interest Rates Means The Cost Of Borrowing Is Cheaper
With interest rates at an all-time low and set to stay that way for another year or maybe two, the cost of borrowing is cheap and getting cheaper. While many Britons are rightly focused on paying off their existing debts, if you need cash to buy a car, get on the property ladder or pay [...]
