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J Tillotson's Articles in Loans

  • Personal Loans More Popular Than Higher Purchase
    These days you can buy almost anything on Hire Purchase; cars, electrical equipment, furniture etc. The 'Buy Now, Pay Later' tag line hooks us into paying an often extortionate interest rate just to get some new goodies. But is HP really the best way to buy?
  • Go Long on your Loan
    Because of the recent credit crunch, borrowers are choosing to pay more interest on their loans and mortgages in a bid to keep repayments at an affordable level. Borrowing is now being done over a much longer average term than in previous years.
  • Payday loans to subsidise income
    The cost of living has risen an astronomical amount over recent years, and is pegged to rise even more. Gas and electricity prices alone are expected to rise by up to 40%, yet salaries are looking at an increase of a meagre 3.7%.
  • Is finding a car loan driving you mad?
    It's coming to the time for the new '58' number plates to be brought out in the UK. Motorists everywhere will be clamouring for the latest models, and forecourts will be swamped.
  • Loan sharks: Don't go in the water
    If you've been refused credit through your bank or a licensed lender, you may be tempted to go down the more dangerous route of borrowing from a loan shark or rogue lender. While it can be a good way to get money fast if your loan applications aren't accepted elsewhere, getting a loan from a loan shark could be the worst financial decision you could make.
  • Overdrafts: The New Loan
    Because lenders are cutting back on the amount of loans and credit cards they approve, would-be borrowers are turning instead to their overdrafts. Instead of applying for dozens of loans and risking damage to their credit rating, consumers are relying on their banks to extend their overdrafts and give them the extra cash.
  • Personal Finance and the Credit Crunch
    Anyone wishing to apply for personal credit may find that their choices are becoming increasingly limited, not to mention more expensive as the average APR rises. Due to the recent 'credit crunch', consumers are finding that not only is it more difficult to get credit, but that the credit they do get is costing them more in interest repayments. This goes for most kinds of credit; mortgages, loans and credit cards.

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