Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk
Managing money isn’t easy. So getting into debt (and out of debt) is widely written about. But if you do an online search for ‘ways to get out of debt’ you’ll often be sent to websites offering to loan you money. And all debt is bad right? Well, not always – it’s how you handle […]
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If managing your money seems like spinning plates, you’re not alone. Over 12 million people in the UK do not feel in control of their finances, leading to bad financial decisions and increased stress. Denial is a big factor. Facing the truth about your financial situation can be uncomfortable and stressful in itself. Our natural […]
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Taking out a loan is both a serious decision – and a serious commitment. For most people though, borrowing money is a necessity at some point in their life. Credit makes funding large purchases or tiding us over until payday possible. Unfortunately, the recession has made borrowing very difficult. The amount that traditional high street […]
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Consumer groups and professional debt advice services have long been concerned about payday lenders. Vulnerable groups of society, many of whom have bad credit, and are on very low incomes, are often forced to turn to payday lenders as a last resort. Currently, more than one million people in the UK are borrowing from payday […]
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Taking out a loan is something most people have to do at some point in their lives. Borrowing can be a great way to finance a large purchase or tide you over for a time, but sometimes, debt can control you, rather you being in control of it. If your debts are unmanageable, then life […]
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Small cash advances provided through payday lending are a form of short term loan. These loans are designed to help borrowers cover expenses until they receive their wages or salary. Payday loans do have limitations dictated by their terms and conditions, and by financial regulation. Limitations of Payday Loans While payday loans can be incredibly […]
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Responsible lending of long and short term loans is important for both lenders and borrowers for a number of reasons, and both have different responsibilities. Responsibilities of Lenders Lenders need to keep to financial regulations, in order to provide quality loan products and services. They should also strive for exceptional customer service. Borrowers need support […]
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As with long term loans, short term loans are powerful in meeting the diverse personal and business needs of borrowers. Lenders create different short term loan types for this purpose, and for developing investment potential and market competition. The Strength of Short Term Lending Short term loans take on varying forms and may include: Money […]
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Traditionally, many people think of investing as placing savings or lump sums into an investment vehicle. This could be a high-interest savings bank account, ISA, unit trust, bond or hedge fund. Other forms of investments include currency, property and artefacts. Investing in the loan market, such as in long or short-term loans, takes on a […]
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A short term loan is designed to meet more immediate financial needs. They also conveniently provide monies needed for budget purposes, a leisure break, an education or business pursuit. A longer term loan may have higher interest rates and fees, and take a lengthier time to pay off. But a short term loan may present […]
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It has been said before that the best coder is a lazy one (Jeff Atwood). A lazy programmer tries his hardest to avoid writing monotonous code and always wants to find the path of least resistence to solve a problem. Writing software, especially early in the process can be dull. This is the part of […]
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Making a decision to borrow money through a loan is not easy. These ten tips when considering a loan can help you get better borrowing value for money. Identify the borrowing purpose. Narrow borrowing parameters. Obtain a credit report from a credit checking agency. Understand what constitutes your credit score. Take steps to improve your […]
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Payday loans have historically had quite a bit of negative press, mainly due to the shady lending practices of some of the payday lenders. We wish we could say that all lenders were legitimate and trustworthy but unfortunately that’s just not the case. There are lenders who seek to take advantage of people who are […]
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Different types of payday loans meet specific loan purposes and have varying loan criteria. Each type of loan, its terms and conditions, fees, and interest rates can benefit borrowers in different ways. A payday loan is a type of short term loan; other types of short term lending options include overdrafts and personal loans. Some […]
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Once a loan application for a loan is completed to borrow money for a specific purpose, the potential borrower eagerly awaits the result of the application. He or she may need the funds needed to achieve their ambitions, whether for business, car purchase, or holiday. If your application is declined, a life goal may not […]
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Creditors lend individuals money to meet personal and business expenses. By providing lending options, lenders give individuals financial flexibility to achieve their ambitions in life. People borrow money for all sorts of reasons. They could be covering home improvements, car or computer purchases, or to fund a holiday. Providers tailor loans to meet individual priorities. […]
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Working for My Financial Broker as a startup venture there are a few things that just have to be accepted. Some things are good, some, not so much. You have to accept that cash flow, especially at the beginning, is a little tight. This means that you need to have many hats so anything you […]
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