Every year approximately 6.5 million people take out a personal loan, according to leading financial advice site Fool.co.uk.
Tag: Credit
MoneyExpert: Capital One ‘homeowner Loan’ Offer Worst For Junk Mail
The Citizens Advice Bureau (CAB) has named Capital One and its fake cheque ‘homeowner loan’ offers as the worst offender when it comes to unwanted junk mail.
MoneyExpert: Mortgage Lenders Gauge ‘ability To Pay’
When considering how much to lend, many mortgage companies consider a consumer’s ability to repay, rather than income multiples, according to analysts from moneyfacts.co.uk.
MoneyExpert: ‘Most’ Young People Fear A Debt-ridden Future
While most of those over the age of 55 feel relatively financially secure, many of their younger counterparts fear for their financial future, according to a recent survey by Scottish Widows.
Motley Fool: One Week Left To Improve Your Credit Record
Once a year, councils update the electoral register. This year, we have until the 10th October to ensure that our details are correct. If we don’t, it means we could be left off for another year.
MoneyExpert: Post Office Cuts Credit Charges Abroad
Those who use a Post Office credit card can now take it abroad without having to fear astronomical hidden charges for using it beyond the borders of the UK.
Motley Fool: Charging Orders
We’re probably all familiar with the line “Your home may be at risk if you do not keep up with the repayments” which applies to debts secured against your home. A mortgage is just one example of a secured debt — it prevents you from selling your home without paying back what is owed and the lender can force the sale of your property if you fall behind with repayments. It’s why The Motley Fool favours unsecured loans because then you’re not risking losing the roof over your head.
Motley Fool: Pay Less Interest On Your Credit Card
Surprisingly, many people don’t know how to use their credit cards. I know what you’re all thinking: “That’s easy. I’ll buy something big and expensive right now to prove that Fool wrong.” Please don’t! The thing is, we all know how to buy things with credit cards and transferring a balance is a cinch. But when buying we do things that cost us more money than it should, because we don’t take full account of the dastardly small print.
This Is Money: Bank Details On Sale For A Fiver
Credit card and bank details stolen from hundreds of thousands of Britons are on sale in India for as little as £5 each
This Is Money: Credit Pushers No Different To Drug Dealers
Like drug dealers skulking at schoolyard gates, the worst advertisements for credit target the vulnerable