Not everyone is knowledgeable about what to do with their money. It may sound simple — either save or invest — but how do you know what options suits you best and which one will work out better in the long term? Understanding the benefits and differences between investing and saving your money will help you to make an informed decision about where to place…
With the so-called ‘credit crunch’ wreaking havoc with the global economy, it’s probably safe to say that money is more of an issue than it has been in a long time for most people. Homeowners, in particular, have perhaps felt the squeeze most. With house-values crashing and interest rates rising, many people have found themselves not only in negative equity but also facing financial ruin…
The boy scouts have it just about spot on with their short and sweet motto: Be Prepared. There is no dilly-dallying around the fact that we are in the middle of a recession, with the phrase ‘credit crunch’ being thrown around like a hot potato. The people that are in the best position are those forward-thinking individuals who planned ahead and made sure they had…
Most people in the UK are familiar with the word mortgage; but how many know exactly what the word means and how mortgages work? The word mortgage is derived from the French language and literally means “dead pledge”. It was based on the fact that early mortgages were settled upon death, at which point the obligation to the lender ended — either because it was…
The credit crunch has been at the forefront of most people’s minds recently and the term itself is slipping into everyday usage. But what exactly does it mean? A credit crunch scenario lives up to its name and comes about when banks and lenders do not have as much money as considered ‘usual’ to lend to consumers and businesses. There is literally a clampdown on…
It’s hard enough to buy Landlords Insurance for just one property, but if you happen to own loads of buy-to-let properties, all of which with differing requirements for level of cover, you’re looking at a major headache. However, expert assistance is at hand. Insurance companies specialising in Landlords Insurance are usually able to offer landlords with large portfolios a tailored quote (you’ll probably get a…
A credit crunch, as we have seen happen across the world in recent times, is where all of a sudden most people find it very hard to get a loan or any form of credit from a financial institution. It can also be when it suddenly becomes much more expensive to get a loan. Most commonly this will happen because of major uncertainty in the…
There are a number of reasons that you could find yourself with a bad credit rating; from missing a mortgage repayment to having a partner with a lot of debt. Regardless of the cause, having bad credit shouldn’t mean your life should be put on hold. Having bad credit can be frustrating and many people feel embarrassed about their financial situation. The depth of choice…
Everyone has heard about the credit crunch. Indeed, news of the UK being plunged into a recession has been hitting the headlines for over a year now, due to the increasing prices of essentials like fuel, food and electricity. Interest rates have also been rising, and borrowers face a difficult time with higher repayment demands from lenders, coupled with significant changes in living costs. Looking…
In 2008, having entered its second year, there seems to be little chance of the credit crisis easing forcing most financial analysts to re-evaluate their position and work out how severe it will get and how much longer it will prevail. Indeed, a recent UK survey has highlighted that customer confidence is at its lowest level since the strike-ridden days of 1974 as the media…