Posted July 30th, 2010
by Keira Browne
A decline in housing prices and home loans has improved the outlook of the housing market and fears of a new housing slump, according to new figures.
The figures from Nationwide show a reduction of 0.5% in the prices of houses in the UK during July, after the preceding months saw a slow decline in home prices, before remaining stable in June.
The average house price is only 6.6% higher than one year ago, a decline from 8.7% in June, and costs an average of £169,347 according to Nationwide’s figures.
Nationwide’s research is supported by other figures from within the housing industry including the first successive fall month-by-month according to Halifax’s Price Index, while the Royal Institution of Chartered Surveyors has reported the lowest buyer demand for homes in two years.
The slowdown in mortgage lending and the prices of homes has been attributed to reduced consumer demand for homes, as well as an increased supply in homes up for sale.
< Full Articles…
Tags: Fears, Home Loans, Housing Slump Posted in Debt Consolidation
Posted July 30th, 2010
by Amber Cattanach
For many the overdraft represents one part of wide range of student finance options. This article considers the pros and cons of the student overdraft.
On deciding to undertake further study at University, many students will be offered a wide range of financing options from banks and other financial institutions. Products include student loans, credit cards and overdraft facilities. The student overdraft can be a useful tool however, it is also one which can lead to significant long term financial problems, if not used right.
What is an Overdraft Loan Facility
Simply put an overdraft is a form of short term loan between the bank and an account holder. The overdraft facility allows the account holder to run a negative bank balance to a pre-agreed level, without incurring penalties. Overdrafts typically do not have repayment dates, as with standard long term loans and may be seen as an “ongoing” source of finance. Man
Full Articles…
Tags: Overdraft, Student Finance Posted in Debt Consolidation
Posted July 26th, 2010
by Amber Cattanach
As compared to other people, students are much better positioned in finding a loan despite carrying a bad credit tag. This is because; there are many options for student to explore while searching for bad credit loans. But the borrower must take into his or her circumstances in mind before applying for these loans. First, the students should explore the possibilities of getting these loans from the Federal government. The Federal Stafford loans do not take into account a history of late payments, arrears or defaults of the student in approving the loan. But these loans are made available to only those students who are in a financially weak condition. So, find out if you are eligible. Once you are found eligible, the Federal Stafford loans can be provided as subsidized loans, which means the interest will be paid by the federal government. These loans are also made available as unsubsidized loans, if the borrower can repay the interest. Full Articles…
Tags: bad credit, Student Posted in Debt Consolidation
Posted July 25th, 2010
by Keira Browne
New figures have shown that the number of insolvencies amongst women in the UK has soared in the past ten years, with credit cards being the main cause of debt problems.
The research by the Insolvency Service revealed that 40% of all bankruptcies are attributed to women, with 29,680 cases in 2009. This is a huge jump from the year 2000 when there were only 6,042 female bankruptcy cases.
According to the research younger women find it harder to manage their finances, with the majority of bankruptcy cases occurring in the 25-44 age group.
Graham Horne, the deputy chief executive at the Insolvency Service, said: “These figures show that more and more young women have levels of debt incurred through trying to maintain lifestyles that are unsustainable.
“It is critical that all young people are aware of the impact that irresponsible spending can have.
Full Articles…
Tags: Amongst Women, Women Posted in Debt Consolidation
Posted July 23rd, 2010
by admin
There are numerous ways on how to get good loans even in this day and age where competitions are fierce and severe. The theme “survival of the fittest” is the connotation to refer to businesses left and right that are doing everything in their powers just to garner that much sought about profit. In order to accomplish business tasks and operations, capital and a huge sum of it is needed especially with regard to expansions and modernizations. With all of these factors grouped together, it is but important to acquire the right kind of loan in order to help achieve these short and long term goals.
The first important factor to consider in acquiring good loans is the interest. The interest should not be too big in order to ensure enough profit for the business. Huge interests offered by loan sharks can be considered as bad credit loans and must be avoided. Fi Full Articles…
Tags: fast cash advance Posted in Debt Consolidation