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Borrowing money, for any purpose, is not a
decision any of us take lightly. Regardless of
the size of the loan, we are making a commitment
and entering a legal contract with the lender.
So if you find, like me, the vast array of loans
available to be totally confusing this site is
here to help.
What is a personal loan, and does
an un-secured loan means it's liable to fall
over? How about APR what does that mean? Every
type of loan, even mortgages seem to have one so
they must be pretty important. Some sites may
tempt you to consolidate your debts into one
loan or enter into an IVA and finally in too
deep? How about bankruptcy? These are all valid
options but what exactly do they mean? If you
decide an IVA is for you, what is involved and
do you end up with a bad credit rating?
It appears so easy to get credit cards and loans
these days and it is, with adverts on the
internet and the vast amount of credit ads on
the television and there's nothing wrong with
doing so providing you sign the agreement with
full knowledge of the conditions it entails.
Many finance companies now offer the facility
for you to tell them how much you can afford to
pay and they'll let you know how much you can
borrow. That's fine, but be honest with
yourself, after all, you still need to eat and
put petrol in your car. The art of responsible
money lending is to NOT stretch yourself and
your wallet to the max. Take charge of your
finances and borrow responsibly.
Some people fall when it comes to the
repayments, mainly through a change of
circumstances such as illness or a loss of job.
It isn't their fault; however, the dept still
needs to be paid back unless they opted to take
the loan insurance offered when signing the loan
agreement. Many people refuse to sign up for
this
believing they will be fine and the extra £50 a
month is better off in their own pocket. It
isn't the end of the world if you don't have the
insurance cover; take a look at our 'Help, I'm
In Debt' page to find out what you can do to get
yourself back in the black again.
Whether you are applying for your first mortgage
and want to know the difference between variable
and fixed rate mortgages, planning your
retirement fund and wondering whether to invest
in unit trusts or an ISA or worried about the
growing debt you have found yourself in, you'll
find the constructive advice and financial hints
and tips here on applyonlineloan.co.uk.
The pages on this site do offer carefully chosen
providers of credit, but we have attempted to
explain clearly the benefits and pitfalls.
Please read the appropriate pages within this
website before you commit to any kind of
borrowing. |
