Is Transferring a Personal Loan From Lender to Lender a Feasible Option?
During the financial crisis, individuals may not research in-depth and may often avail of a personal loan with a high rate of interest. Most banks and lending institutions offer a balance transfer facility, wherein borrowers may transfer their outstanding amount to another lender which has a lower rate of interest. Borrowers may also seek to […]
Read MoreIs it Necessary to Seek Financial Advice While Making a Borrowing Decision?
Borrowing funds from banks and lending institutions is a huge financial decision. Often, individuals borrow loans that have a long tenure. Repaying the loan amount for such a long period may lead to serious debt issues in the long run. For this purpose, it is important to make a borrowing decision only after careful consideration […]
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Getting married on a budget
According to a magazine last year, the average price for a UK wedding is a staggering £24,000 – the equivalent of putting a deposit down on a new home or buying a brand new SUV. For many newlyweds, this means they start married life with a huge debt (an amount just under the average UK […]
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Truth about Pre-Approved Personal Loans
Mr. Deepak Kumar, a 50-year-old salaried person, is about to retire soon. He wishes to borrow a loan to undertake an international vacation with his family. He plans on offsetting the loan amount with the pension he receives after retirement. Mr. Deepak has received a text message from his local banks stating that he […]
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Allowing Yourself To Overspend
One of the hallmarks of good financial planning, or at least from people who claim they are teaching it, is to avoid going over your budget. The budget itself should be carefully developed based on known monthly expenses, they say, and they’re right. The problem is, the world doesn’t know what monthly expenses it’s going […]
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Sorting Out Your Finances Before Buying a Car
If you are gearing yourself up for the finance to buy a new or used car, it is important to make sure that your financial affairs are as healthy and robust state of affairs as possible. Credit reference agencies The main reason for this is that when you are buying a car on credit, one […]
Read MoreFrugal Tips for the Everyday Shopper
Do you struggle to get a bargain? Want to make your money go further? Or do you just want to enjoy the finer things in life without having to spend huge amounts of cash? There are so many ways to save money. If you read any tabloid newspapers you’ll more than likely have seen an […]
Read MoreIs Your Pension Fund Safe Post Brexit?
Plunging markets and poor annuity returns mean a bleak outlook for your pension The financial markets are tanking and investors are even more risk-averse after the UK Brexit vote. So how can you escape pension doomsday in the UK? A hair’s breadth decision has plunged UK financial institutions into chaos. Even more worryingly, the result […]
Read MoreWhat are Offset Mortgages?
Offset mortgages are a way of using any of your existing savings to offset any outstanding mortgage balance – meaning you are only charged interest on the remaining mortgage balance. For example, if you have a £250,000 mortgage balance, you offset this balance with £40,000 savings and are then only charged interest on the £210,000 […]
Read MoreWhy A Prenuptial Agreement Is Never Foolproof
Prenuptial Agreements: What You Need To Know The idea of a prenuptial agreement is to protect both parties financially before they get married. This legal document can be used to protect a multitude of different aspects of the couple’s financial affairs, including things such as family inheritances and what help children from previous marriages, will […]
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