There are several types of loans currently available, but homeowner loans are one of the most well-known types of secured loans that are on the market today. With homeowner loans, the borrower must use their home as the security for the loan.
If one needs a large sum amount of money for a medical treatment, a [...]
The public voted Nationwide as the ‘most trusted’ in the financial services sector after a new survey has found that the public views financial services as less deserving of trust than those in the retail market.
The survey was commissioned Baber Smith the integrated marketing communications agency and carried out online by YouGov.
Titled the Insight Survey, [...]
When the Bank of England reduced interest rates to .5% over a year ago, the move was made to give home owners some spare cash from the new lower mortgage payments. It also was thought that the spare cash could be used to make larger payments on home loans.
However, Capital Economics economist, Roger Bootle, stated [...]
The government plans to halt excessive interest rates on credit cards and prevent unfair bank charges according to an announcement today from the Lib-Con coalition.
The coalition stated that it will create measures that will stop banks from placing unfair bank charges on accounts including overdraft penalties and other common financial transactions.
Other new powers include the [...]
Banks were forced to handle over a million additional complaints after they were faced with a backlog regarding bank charges, according to the City watchdog.
Approximately 2.6m customers complained about their chosen bank during the last half of 2009 according to the FSA (Financial Services Authority) compared to 1.5m during the previous half of the year.
The [...]
The recent recession has highlighted the need to have a good and clear control over personal finances. Circumstances can change quickly in uncertain times and any significant change in finances can disrupt a once comfortable lifestyle.
Of all the lessons learnt, perhaps the greatest is the need to provide a buffer to carry us through any [...]