FAQs / Terminology
12th September 2007
Frequently Asked Questions (FAQs) about Secured Homeowner Loans and Secured Loan Terminology
Tag Archive 'indiana-loans'
Debt consolidation using a secured loan
Debt consolidation is a term used to describe the bringing together of many sources of personal and unsecured debt, such as credit cards, store cards, personal unsecured loans or overdraft bank accounts into a single, more manageable loan. Due to the high levels of consumer debts in the UK, many people have overspent and [...]
Secured loans could help bypass fixed mortgage charges
4th September 2007
Fixed term mortgage holders should opt for a secured loan to help bypass redemption charges. Redemption penalties affect homeowners who want to free up capital from their properties before their fixed term mortgage is up.
With the recent encouragement for lenders to launch 25 year fixed deals, secured loans are set to be the best route [...]
UK Debt surpasses Total Annual UK Income
23rd August 2007
Debt in the UK has surpassed, for the first time, the total annual income for all UK’s residents. Total debt stands at £1,335 trillion whereas total income stands at £1,300 trillion per year. However, with the rising cost of property the total UK assets stand at over £6,000 trillion.
This works out at just over £22,000 [...]
UK Pensioners in £57 billion of debt
13th August 2007
UK pensioners owe £57 billion on mortgages, credit cards and loans, a study from Scottish Widows claims. Research from the financial group found that almost a third of those over the age of 65 are £5,900 in debt on average. Ian Naismith, head of Scottish Widows pensions market development, said: “By the time they come [...]
Surge in claims for unclaimed assets from dormant Bank accounts
UK consumers are increasingly turning to the British Bankers Association’s (BBA) account tracking service to claim money from dormant accounts. Claims using the BBA service have surged more than thirty-fold due to an awareness drive by banks, building societies and National Savings & Investment. Customers are claiming forgotten assets worth between £350 million and £500 [...]
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