Thrifty Loans

A loan guide

The following is a 10 point plan to working out which type of borrowing (if any) is most suited to your needs.

Must you borrow? Ask yourself if you do really need to borrow the money. Is there any way you could save up for a particular item, then gain interest on your savings rather then ...

Consumers get comfy with debt

Consumers are becoming more comfortable with high levels of debt. That's according to the Personal Credit Index survey from Experian's Credit Expert service. Some six million Brits would not worry about their debts, excluding their mortgage, unless they exceeded Â£15,000. Included in this figure are 1.4 million people (5 per cent) who would only worry ...

Beware hidden card fees

A warning has been issued to be on your guard against hidden credit card fees as information emerges that such actions are on the increase. Research shows that 1 in 8 card companies have at least one card within their range which carries an annual fee, with some even reaching a staggering Â£275 per annum! MoneyExpert.com conducted ...

Top three personal loans

Letâ€™s have a quick look at the top three personal loans available right now. First up is Your Personal Loan. There is a minimum age of 21 years. There is no arrangement fee and an early redemption fee of one month. You can take repayment breaks. There are no special incentives for this loan. The minimum ...

Introduction of HIPs

After much talk and delays Home Information Packs are finally launched today â€“ 1 August. From today all properties with four bedrooms or more being put on sale on the open market must have a Home Information Pack (HIP). Each HIP must contain evidence of ownership, planning or building consents, local search information, and an ...

Negative equity could affect millions by next year

According to a recent report millions of homeowners in the UK could see themselves plunged into negative equity over the next year, where their mortgage on their home will exceed the value of the property. Negative equity is a term that has not been widely used for the last ten years, as a result of house ...

Second homeowners may need to rent out their properties

According to a recent report many people that have second homes in the country may have to choose between either living in the property or renting it out to tenants all year. The report claims that buyers looking to get a weekend or holiday home in the country may have to get planning permission, and ...

Saving money on your loan

These days getting an affordable loan can be something of a challenge to say the least, and many people are being hit with high rates on interest on their loans despite the fact that the base rate is still at its all time low of just 0.5 percent, which is the lowest it has ever ...

Five things to look for with a loan

When it comes to finding a loan things are not always easy, and for those that do not have much experience with personal finance it can be difficult to work out which is the best loan for your needs. Knowing what to look for in a personal loan before you make any commitment can help ...

Finding a wedding loan

Getting married can be a hugely exciting time for both the bride and groom, as well as for the families of those getting married. However, it can also be a very expensive affair and even those that are trying to keep costs to a minimum often end up paying several thousand pounds for the ceremony ...

Drop in loans to consumers in third quarter

It has been reported that there was a drop in the number of loans made to consumers in the UK over the third quarter of this year, with many other forms of consumer finance also falling over the course of the quarter. The data was released by the Finance and Leasing Association and showed the ...

House to vote over caps on payday loans

There is little doubt that the level of concern over the amount of personal debt being harboured by the average Brit has been rising. For some years there have been concerns over the amount of debt Brits have by way of credit cards, loans, overdrafts, finance, store cards, catalogues, and other forms of unsecured finance. ...

Buying now cheaper than renting in many places

According to recent reports there are now many areas in the UK where it is actually cheaper to purchase a home than it is to rent one. According to the property specialists Zoopla.co.uk buying a home is now cheaper than renting in around 80 percent of towns, with a number of factors having contributed to ...

Credit card and loan debt lead to higher demand for advice

It has been reported that increasing problems with credit card and loan debts amongst consumers in the UK have led to an increase in the number of people demanding advice relating to debt issues and problems. A number of factors have affected the ability of people to pay their bills, rents, and even their mortgages, ...

Don't get too reliant on payday loans

There are many people all around the UK who have tried to get finance such as credit cards and traditional loans over the past couple of years, but with the financial climate in the state that it has been in over recent years many have failed to get the credit that they needed. However, people ...

Choosing the right loan – 3 steps

There are many people that are looking for personal loans these days and this is to fund all sorts of purchases, ranging from paying for a holiday or a new car to funding a wedding or even consolidating debt. You can get some good deals on personal loans these days, especially on mid-range loans between ...

Consumers need to be wary about payday loans

An industry official has recently warned that consumers need to be very careful when it comes to borrowing money through payday loans, as many people are paying a fortune in interest. In fact, the official, Justin Modray from Candid Money, described payday loans as little more than legalised robbery, with many charging crippling interest rates ...

Many couples in Britain have separate bank accounts

According to a recent report most couples in Britain have separate bank accounts rather than having their salaries paid jointly into a bank account. A survey was carried out by the High Street banking giant Nationwide, which showed that around 53 percent of couples were having their salaries paid into separate bank accounts rather than ...

Compare loans for Christmas

If you are one of the many people who is thinking about taking out a loan for Christmas in order to fund purchases and spending it is probably now time to start looking at the finance deals available in order to get a competitive loan in plenty of time for the festive season. In order to ...