Imagine you’ve borrowed £5,000 and you are struggling to pay it back. If you’ve borrowed that money in the form of a secured loan against your house and you really can’t make the repayments, your home will be repossessed. No questions asked and no second chances.
To lose your entire home for that sum of money [...]
Borrowing & Debt
Brett L/Flickr
Best 0% credit cards for balance transfers
0% balance transfer credit cards can be really good if you’ve got credit card debt to pay off – they let you do so without having to pay any interest. You can transfer debt from another card to one of these and pay it off over a certain number of months. Read on for our [...]
Photo: Bart/flickr
12 Top Tips for Coping with Redundancy at 50+
This is a tough time for job security and that’s for sure. Being made redundant at any age is a difficult thing to deal with, but when you’re just that little bit older it suddenly seems as though there’s a much bigger mountain to climb. It’s not impossible though, we’ve come up with a list [...]
Omar Bárcena/Flickr
How to get a cheaper loan
The Chancellor Alistair Darling has said that the cost of loans is rising. He’s right. It’s more expensive than ever to borrow in the form of a personal loan. The average rate is about 15-16% for loans of around £1,000, and about 9% if borrowing £15,000 or more – and that’s only for those with [...]
Further Features
Taber Andrew Bain
Secured loans – the truth
Nick/Flickr
Detox your Finances
It’s a tough time for everyone at the moment. Even the most frugal among us are feeling the pinch. But it’s time to make a new start and take a fresh look at your finances.
The best thing you do all year could be to not panic. Even if you have blown your budget, you can sort [...]
