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UK Loan Articles
In this section of the UK Personal Loans Store we have our featured article archive and also other informative articles that have a welath of important tips regarding different aspects of UK loans. Topics covered include personal loans, secured home owner loans, car loans, business loans, mortgages, remortgages and debt consolidation. If there is no information about the subject that you are searching for then please and we will have a dedicated writer research your topic and post a suitable response
Credit Rating-History Articles
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Have you ever wondered how a creditor decides whether to grant you credit? For years, creditors have been using systems of credit scoring to determine if you’d be a good risk for credit cards and auto loans.
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If you've ever been offered a substantial line of credit with one company and been refused by another, it's all a result of each company's credit scoring policies. Your personal credit score may fall within the acceptable limits for one company and not for another.
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Especially if you are new to the credit game, and have not yet established your own personal credit, you may be unsure of what kind of deals you can get with your own credit, in terms of interest rates and stipulations.
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Credit scoring models are complex and can be difficult to understand. If one factor changes, your score may change — but improvement generally depends on how that factor relates to other factors considered by the model
Obtaining a credit card can be a great financial tool. It is more convenient to use and carry than cash, and offers valuable consumer protections under federal law. -
Your credit report contains information about where you live, how you pay your bills, and whether you’ve been sued, arrested, or filed for bankruptcy....For many people, it can be advisable that they periodically review their credit report. Why?
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It is common knowledge that bad credit can make it harder to get more credit. But did you know it can also effect your ability to find or keep a job?
- Finance With A Poor Credit History
If you have a poor credit rating the Financial Services Industry has a message of mixed blessings for you. First the good news: yes, you can get a loan, but the bad news is, it’s going to cost you!
Bad Credit Loans
- What is Different about Bad Credit Loans?
These days, banks offer a range of products and services designed to meet the needs and wants of all their customers. Many branches will have a different advisors and customer relations managers who are assigned to the different customers of the bank.
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We all like to think of ourselves as fairly responsible and trustworthy people, especially when it comes to financial commitments. But the fact of the matter is that some people are more reliable and responsible than others and banks and other lenders know this.
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Is it possible to obtain a loan if you have a poor credit score or even if you've declared bankruptcy? The answer is yes. However, not surprisingly, the loans available will have higher interest rates and restrictions that are more stringent.
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If you are considering a loan and you have bad credit, you will be a higher risk than other loan applicants, but what steps can be done to lower this risk?
Debt Consolidation
- General Loan Advice For Managing Debt
Debt is a really easy thing to get stuck in. Even if you are not extravagant monthly costs can spiral out of control, especially if you take your eye off the ball. So what can you do to avoid getting too far into debt and if you are there already how can you get out of it?
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It is easy for debt to get out of control. Student loans, losing your job, becoming ill or any number of other unforeseen events can easily cause debts to mount up.
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If it seems advertisements for debt consolidation loans are everywhere, it is because consolidated loans are big business. The primary reason for people taking out personal loans over the next year will be for debt consolidation.
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Consolidating debt is growing in popularity. The signs of this are everywhere. From television advertisements, to letters in your post box, offers of debt consolidation abound. Debt consolidation is a huge business and the primary reason for new personal loans is debt consolidation.
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Did you know that switching lenders can save you money? Just because you agreed to a loan in the past, doesn’t mean that you have to stick with it forever. Most people stick with the same lender for years and years.
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If you have a debt consolidation loan what would happen if you can't pay? This article gives some scenarios and some practical advice.
- What is the Role of Debt Consolidation Companies?
There are many forms of lender on the market. Not all of them are banks. Debt consolidations companies play a specific role in the debt market.
Car Loans
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Are you looking to purchase a new car? If so, it pays to investigate various funding sources. Car dealers, despite the advertisements, may not always have the best deals on loans and interest rates. Because dealer rates can vary between car models, there can be huge variances in APRs (annual percentage rates). One study found that dealer APRs ranged from zero percent to nearly twenty percent
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Once a buyer and seller enter into a contract and agree on a price, the buyer uses the loan proceeds from the direct lender to pay for the vehicle.
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How good of a deal are you getting when you choose to lease instead of buy?
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Car dealers often advertise very low interest rates on loans to buy their cars. They will also offer grade trade-in deals and free upgrades on certain models. While these offers are all very tempting, you must still shop around carefully when seeking the best deal.
Secured Loans
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Secured loans are one of the most popular ways of borrowing money. A secured loan is backed by property of some sort that is used to guarantee payback if the person defaults on the payments.
- Have You Got A Toxic Loan?
A secured loan can seem like a dream come true, especially for someone with a poor credit rating. Finally, there's a way to afford that new car, expensive holiday, wedding or other family treat.
Student/ Career Develoment Loans
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What do you need to know about student and graduate loans? First, it's good to know that the interest on these loans is much lower than a typical personal loan. However, it's also important to know that a student or recent graduate can become locked into a relationship with a lender through these loans, so careful choices is imperative.
- What To Look For With A Graduate Loan
There are many financing options available to students who have graduated from higher education. Once the student loan funding has stopped coming in, former students need a way of financing the transition from study to work.
- Should I Use My Student Loan To Pay My Credit Card Debt?
If you’re a student close to graduating one question you may be toying with is whether or not you should be using you student loan to pay for your credit card debt. The issues here can be a little complicated, so the following are a few pro and cons to using your student loan to pay off your UK credit card debt.
- Do You Qualify For A Career Development Loan?
If you want to boost your career prospects with some work-related study a career development loan (CDL) may be the answer for you. A CDL is available to the following people.
- Using A Career Development Loan For Postgraduate Study
We've all heard of student loans. These are the loans that help school leavers fund their university education. But what if you want to continue learning after you have left university and have started work? Luckily, not all loans for study are given to undergraduates. There are loans to help employed, self-employed or unemployed people with further study. They are called career development loans.
Home - Mortgage Loans
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How have Britons financed the billion of pounds spent on home improvements this year? Mostly through personal loans, although other forms of payments have been used as well.
- For those with good credit, a mortgage in decent standing, and a relatively (depending on the bank's definition) sizeable difference between a home's worth and the balance of a mortgage, a home equity line of credit may be a good option for those needing a loan
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It's very easy to sign mortgage papers and forget all about the details of the loan. As long as the monthly payments are made, many people don't give their mortgage much thought. However, as the economy fluctuates, mortgage rates do also, and substantial cost savings over the life of mortgage could be realized by refinancing.
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Do you want ot buy a home but have been refused? This article explains some of the options that you have to get accepted.
- How long would you like you mortgage to run? The simple answer would be as quickly as possible, but not everyone can, which means higher repayments and more strain on the household budget.
- Your Home as Collateral For Other Loans
When you become a home owner you immediately open up more doors for yourself in terms of being able to borrow money to make things happen. It might be a business idea or an investment opportunity, but buying into property can open more doors than you might think.
- Mortgages – What Will Be Next?
Maybe some forty years ago mortgages were very solid things that you took out: you would stick with the same company for the entire period of the loan and you could find fixed rate deals that would also last the full twenty five years.
- Would You Apply For A Green Home Loan?
Since the mid-1980s, more and more UK banks have seen the benefits of offering products that are in some way tied to ‘green’ environmental issues.
Payday Loan Articles
- How To Choose A Payday Loan Company
Payday loan companies are everywhere. Apart from several major lenders, it is estimated that there are more than 500 companies offering this quick fix loan solution. Some of them operate out of high street shops while others are based online.
- The Inside Track On Payday Loans
Not everyone needs a full fledged loan. Some people just need a bit of cash to tide them over till the next pay cheque. And there's now a way for them to get it. It's called a payday loan.
- Getting The Best From A Payday Loan
Many people are choosing a payday loan as a way of dealing with unexpected expenses. This can be an easy way of getting cash quickly. A payday loan effectively gives borrowers a cash advance against the money they expect to earn in the next pay period.
- Payday Loans Always Ready to Help
Payday loans give quick solutions to any fiscal matters which may need quick attention. If you want cash immediately, but the payday is few days away, then just apply online for quick relief.
Loan Comparison Articles
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What are the differences between secured and unsecured loans? Essentially, whether or not the loan is secured by property in the event the borrower defaults on the loan.
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How do you find the cheapest loan? Through a combination of factors that include understanding your credit score, determining the best type of loan for your purposes, and shopping around
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Chances are if you were shopping for a home theatre system, you would shop around to find the best deal. So why not shop around for a loan?
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What is the one thing that all financial advisors tell their clients before committing to any financial agreement? It is the most basic rule of all commerce; do you homework and shop around.
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There are certain times in life when you should not lie: On your resume, when visiting the doctor, or when applying for a loan. Yet, according to one study, nearly one third of people applying for a loan have lied about some aspect of their history
- With the development in technology allowing for safer online transactions coupled with high-speed Internet connections, many people are conducting loan research from the comfort of home. The use of online loan applications is becoming more and more popular.
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It is all too easy for consumers to become complacent when it comes to finances, and loans are one example of this. Many people remain with the same lender or the same loan set-up simply because it's easy and familiar.
Loan Charges and Penalties
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More and more attention is being paid to APRs when people are shopping around for loans. This is not surprising as the very reason the APR was introduced was provide a standard figure that customers could use to compare the prices of loans without getting our their calculators and doing the math themselves. However, there are many other potential charges when taking on credit
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If you're taking out a sizeable loan, the idea of payment protection may sound like a good idea. Programs such as these protect buyers in the event that they are unable to make payments on the loan due to events such as layoffs or medical emergencies.
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Almost every time you apply for a loan or other form of credit, you are asked if you would like to purchase credit insurance. It my even be automatically added to your contract without you noticing.
Niche Personal Loan Articles
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The average cost of a wedding is around £17,000, and one major bank estimated that in 2005, approximately £467 million worth of personal loans would be taken out solely to fund the expected 260,000 weddings. And the amount of money people spend on weddings is steadily rising at a rate of ten percent per year.
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There are many advantages to being self-employed, including setting your own hours, pricing structures, and the flexibility to turn down less attractive work
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Advance-fee loan sharks prey on unwary consumers, taking their money for the promise of a loan, and leaving them ripped off. The scam artists often impersonate legitimate lenders to entice consumers. They then proceed to rob them with their bogus offer.
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Britons are borrowing more money than ever, and consumer lending is an extremely lucrative trade for lenders. Unfortunately, this means that many illegitimate and untrustworthy lenders will be seeking a share of the market.
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Every year in the UK, billions of pounds are lent to consumers. It is a hot business and therefore, it should come as no surprise that many lenders want a bigger share of this lucrative market.
General Loan Articles
- The High Cost Of Doorstep Credit
There are many people who find it difficult to get credit. People with a poor credit history, with defaults, arrears and County Court Judgements (CCJs) may find that credit card companies and banks prefer to avoid them.
- Is Your Loan Illegal?
There are many credit options available to potential borrowers. Loans, credit cards, store cards and more are all available to borrowers with the right credit score.
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As part of the Consumer Credit Bill the Department of Trade and Industry is changing it rules regarding loans. The changes are designed to make loan agreements clearer and easier to understand for consumers.
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Often we can be desperate for a loan. There may be something we dearly want to buy, or we may have urgent bills or expenses that can only be met by a loan. These are not the only reason people lie on loan applications.
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The idea of data sharing is growing in popularity among lending institutions, creditors, and industry observers. While in the past, limited data on a person was shared, now more complete records are shared when a person applies for a loan
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Many people long for the perfect getaway, whether it is a day, two days, or two weeks. However, the idea of paying for that much-needed stress reducer is often enough to create more stress than the holiday reduces. To this end, some companies are offering holidays on credit.
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In late May 2005, the Department of Trade and Industry announced changes to loan rules as part of the Consumer Credit Bill designed to help consumers better understand their loan agreements. Lenders are now required to provide consumers with information that will help them shop around for the best deal.
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People need money (or think they do) for a wide variety of reasons. As a result, the business of personal loans is a booming one. While many people typically think of standard purposes when "loan" comes to mind, the reasons for seeking a personal loan are far and wide
Archived Featured Articles:
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