Emergency Cash

It is certainly an expensive time of the year and if you are finding that you are struggling a little at the moment, then you might be in need of some emergency cash. And for this, many people will turn to cheap payday loans. These are a simple way of borrowing money, without too much [...]

Time for a 5% base rate?

Reports earlier in the week by the CBI that base rates could climb to 2.75% by the end of 2012 now look optimistic, after comments by a Bank of England member. Paul Fisher (the executive director of markets and a member of the rate setting Monetary Policy Committee) has warned that rates might have to [...]

The Necessity of Credit Checks

Credit checks can stop you from getting a loan. They can prevent you from swapping credit cards, or limit the amount of credit you are offered on a new card. They can even prevent you from buying a new home. They sound evil, so why are they necessary? Credit checks are actually in most people’s [...]

The Disadvantages of Cash Loans Without a Credit Check

Cash loans without a credit check are many people’s dream. However, they come with many drawbacks. Why are this type of loan such a huge problem? To look at the disadvantages of cash loans that come without a credit check, we have to first look at what exactly people are getting here and why. Credit [...]

Why Should I Get a Credit Card Over a Debit Card?

For many people buying items on plastic is an every day occurrence. But, should that be a credit or a debit card? What advantages does a credit card hold over a debit card? Debit and credit cards may seem alike on the face of things, but work in totally different ways. For a credit card, [...]

Why Credit Checks Are Necessary

Credit checks are one of every lender’s possible arsenal of tricks to make sure that they will get back the money that they are about to lend you. But, why are they so necessary? Your credit report will record a few basic facts about you, such as: * ongoing loans * whether these loans are [...]

Net Mortgage Borrowing Is Dropping

The Council of Mortgage Lenders has reported that net mortgage borrowing could hit a 30-year low next year. The prediction is for net mortgage borrowing, which is the total amount lent by the lenders less the money repaid by borrowers, to drop to £9bn this year and then £6bn in 2011. This compares badly against [...]

The Catch of Payday Advance Loans Without a Credit Check Or Employment Verification

Some Payday loans are available to anyone wanting one with very few checks. However, are they really a good idea? What’s the problem with them and why should you avoid them? Payday loans are designed to get you through the rest of the month, from today until the day on which you get paid. As [...]

Interest Rate Rise Could Hit Families Hard

The Confederation of British Industry (CBI) has warned that the base interest rates could rise over the next 24 months, possibly hitting 2.75% by the end of 2012. Such levels of base rates would pile the pressure on home owners by adding £202 per month, £2,424 per year, to the cost of the ‘average’ £150,000 [...]

Millions Unprepared For Rate Rise

Whilst interest rates might have been held low for what feels to be forever, the Bank of England in its twice yearly report is worried about millions of home owners. The report has looked at the growing number of householders who have moved off a fixed rate or other protected rate mortgage and onto the [...]



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