Loans. Loan Sharks are alive and snapping.
| Car Loans |
| Cost of Loans |
| Credit Agencies |
| Fraudsters |
| Loyalty Cards |
| Unfair Charges on Loans |
| Mortgages |
| Life Insurance |
| Loans |
According to the Competition Commission,
- No Collateral Dont Want To Risk Your Home Get Credit With Unsecured Loans
- Makes the case for unsecured loans
- Secured Loans In UK Are The Best Option For Borrowers
- A good introduction to the topic of secured loans
- Personal Loans are here to fulfill your Personal Desires
- Introduces the key issues when choosing a personal loan.
- Consolidation Loans for Tenants. Empowering Tenants with a Method to Counter Debts
- Tenants will find it harder to raise a loan but its not impossible. This article explains
- What do the terms APR, AER and EAR mean
- Most of us have seen the term APR in financial advertising and possibly its lesser-used cousins AER and EAR. But what do they mean? This article explains.
- Loans. Mortgages. Credit cards. Interest rate rises around the corner.
- The financial institutions are expecting interest rates to rise. When and what's expected?
Apparently around 2 million Britons are falling prey to these sharks. Many are those on the lowest incomes and with household budgets stretched to the limit. But no matter what their circumstances, interest at rates averaging 177% is nothing short of criminal.
The Commission is planning to force the so-called home credit industry ( personal secured loans ) to clean up its act by forcing the lenders to clearly spell out for their clients, what the money or credit really costs them. And if lenders don't introduce more reasonable interest rates, the Commission is planning to set a maximum rate, enforced by law.
Their hope is that faced with the clenched ( life insurance policies ) fist of law, the industry will act reasonably.
The home credit industry is dominated by five large companies such as Provident Financial. But there are thought to be around 500 other lenders in the market. They specialise in providing credit to people who the mainline lenders have turned away. Repayments ( life assurance ) are collected weekly or fortnightly on the doorstep from the customers' homes.
Loans may be secured on your home or other property. Think carefully before securing other debts against your home.
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