How fit are your finances?
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Applying for a new loan or credit card is a competitive business, with the best deals going to the people who have the fittest credit history. If you want to be in the running, you need to remember the old [...]
Learn MoreMortgage lenders to test borrower’s affordability for home loans
The Financial Services Authority (FSA) has released their mortgage market review discussion paper and they have outlined their proposal for tougher regulations. It is evident that they will be more authoritarian and intrusive in the way they regulate the mortgage industry in future.
The FSA want to control the industry as they believe the industry is [...]
Top tips: how to improve your credit rating
The days of easy credit are long gone - if they ever existed. Now, you need a really good credit rating to be in with a chance of getting the best deals. These money saving tips could help you.
Understand how lenders make decisions. They calculate your credit rating (or score) by giving a value to [...]
Coping with Redundancy
The spectre of losing your job can be terrifying, especially when vacancies are at a record low. But once the initial shock has worn off, redundancy can herald a new beginning - a chance to set up your own business, use any pay-off to clear your debts or find a role that gives a better [...]
Experian explains how your Credit scoring works – Credit File Report
Most lenders use credit scoring to help them decide whether or not to approve applications for loans, credit cards, mortgages and other forms of credit, such as mobile phone accounts. And a credit score can also determine what interest rate the applicant will be charged. Brought to you by money saving expert.
A high credit score [...]
The top ten credit myths and the truth behind them – Debt Advice
Knowledge is power when it comes to getting the credit you want. Start by understanding the impact your credit history has on the type of offer you get - or whether you get an offer at all.
Your credit history is reflected in your credit report, which lists credit cards, loans, mortgages and other credit accounts, [...]
Rescued Banks charge extortionate rates for personal loans
As a provider of money saving advice , I can understand banks and finance institutes charging high interest rates to clients that have a less than perfect credit report where they have missed payments, fallen into arrears, been issued with defaults and county court judgements. But it looks like these banks were charging these interest [...]
Are your debts out of control? Don’t ignore the warning signs
If you developed a strange rash that just wouldn’t go away, you’d visit your doctor - but it’s amazing how many people who listen to health warnings don’t do the same when it comes to wealth warnings.
Now more than ever, it’s crucial to monitor your debt levels to prevent a slide into the financial mire [...]
Major Banks approve 4,000 more mortgages applications
There were 28,179 new mortgages approved for house purchases last month (February 2009) according to the British Bankers’ Association. This is a real increase of 3,901 more new mortgages being approved in January 2009 when 24,278 mortgages were approved. It now seems that new mortgage approvals have risen for the last three consecutive months. It [...]
Market leading tracker rate mortgage is finally released
Mortgage lenders do actually want to offer borrowers the best mortgage deal or the best remortgage deal but they are restricted by the lack of money in the system at present. The banks immediate instinct is survival at the moment and their need to protect their capital base by not lending money or only lending [...]
Let’s review the Recession so far!
Does anybody know how to solve the problem?
Billions of pounds have been thrown at our banking industry to save it by the British government, unemployment has risen above two million, saving and mortgage interest rates are at their lowest levels ever, house prices are still tumbling down, inflation is high on food costs at 11.3% [...]
