Student Loan Consolidation Information - What Is The FFELP - Federal Family Education Loan Program

As part of any research when looking at your student loan consolidation information alternatives you need to consider the FFELP (Federal Family Education Loan Plan).

The FFELP is a Federal Government private lender partnership scheme and umbrella program that includes both Stafford loans, PLUS loans and Perkins loans, setup by an Act of Congress in 1965, it began operation in 1966 and since this time over half a trillion in money has been disbursed with over $50 billion alone in 2006.

Money for Stafford loans, PLUS loans and other FFELP loans are provided through a large national network of credit unions, independent banks and other financial institutions, lenders will feel confident loaning dollars to what otherwise may be high credit risks because the money is in the end guaranteed, at least in theory via the Federal Government, private guarantors could possibly get involved, however in the almost 5% of cases where the loan goes into default, guarantors then apply for funds to cover the loss with the Federal Government for at least a partial reimbursement of any lost money.

Over 90% of the funds are directed by the two types of Stafford loan, unsubsidized & subsidized, in the second circumstance the Federal government pays the interest on the loan accrued whilst the student is in school and for a further six months afterwards, unsubsidized loans requires the borrower to be responsible for any interest, if the interest is deferred as it most often until after the grace period, it is then added to the primary total.

The other major plan, the PLUS (Parent Loans for Undergraduate Students) loan plan, supplies over $8 billion per calendar year in money to parents and as of July 1, 2006 professional and graduate students are also eligible for PLUS loans, providing dollars to parents to assist cover expenses they would frequently pay for anyway, the PLUS program commonly forms part of the total financial aid package today.

Chiefly, all the services need a FAFSA (Free Application for Student Aid) application to be filled out, the data provided forms the core information that allows loan officers to make their funding decision, typically those decision makers are employed through the individual college at which the student is accepted, the financial aid department will make a suggestion for a package based in part on the EFC (Expected Financial Contribution) of the student and his or her parent(s), analyzing income they aim to supplement any unmet need with combinations of subsidized and unsubsidized Stafford loans and other sources.

Once the student and/or parent accepts the package the money is disbursed, in the main twice per year once each semester, ordinarily with the biggest share of the funds going directly from the private lender to the school to pay for tuition and the remainder is then provided to the student or parent, minus any charges, these fees may range up to 4% or more, several schemes will charge a 3% origination fee and a 1% insurance fee, which they assign to the requirements of the Federal government with fees as high as 8% not being unknown, it's important to keep this information in mind when looking at any student loan consolidation information.

Ian Wilkie is a published expert author of many Student Loan Consolidation Informationis articles and owner of - http://www.mystudentloanconsolida/
tioninformation.com your one-stop online resource for Student Loan Consolidation Info.
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Car Buyers 'Need To Choose Suitable Finance Product'

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Article Title: Car Buyers 'Need To Choose Suitable Finance Product'
Author: Abbi Rouse
Category: Loans, Personal Finance
Word Count: 508
Keywords: secured,loans,personal,finance,car,new,registration
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As the launch date for new 57 registration cars draws ever closer, Britain is currently in the grip of a loan-applying frenzy, it has been suggested.

In figures released by Halifax, this month and January are the two most popular months in which consumers apply for a loan to purchase a car. Although the financial services provider claimed that some consumers are aiming for a "new year, new start, new motor in January", the attraction of purchasing a car with a brand-new plate release in September is revealed to be "still apparent". Overall, almost 31 million cars are reported to currently be on British roads.

In addition, Halifax revealed that of all the used cars currently on British roads, some 25 per cent are less than three years old, with roughly the same figure made between three and six years ago.

The study also indicated that over 2.3 million new cars were registered over the course of last year, with the Ford Focus being the most popular model. Meanwhile, some 7.6 million used vehicles were bought during 2006, with the Ford Focus once again topping the polls. Perhaps unsurprisingly, England witnessed the largest number of new car registrations in the country at about 1.9 million. Meanwhile, Scotland had just under 195,000, followed by Wales and Northern Ireland with 86,000 and 65,000 respectively.

About half of all those applying for a personal loan to fund the purchase of a vehicle last year between the ages of 30 and 49, as a fifth (21 per cent) are in their 20s. In addition, males are dominating the car loan market as two-thirds of applicants are men.

However, the financial services provider warned that when on the search for a new automobile it is important that consumers also take the time to shop around for the most competitively-priced financial deals possible. Buyers of both new and used cars were advised that making such a purchase can often attract a number of additional costs such as tax, insurance and MOT fees.

Commenting on the study, Neil Chandler, head of Halifax Unsecured Personal Loans, said:"Purchasing a new car takes a lot of time and thought as it is a big financial commitment. It is important to choose a finance deal which suits you best, leaving you free to sit back and enjoy your new car."

Mr Chandler's comments were echoed in research carried out by uSwitch.com earlier this month. By choosing forecourt finance deals ahead of a cheap secured loan when the new 57 registration vehicles go on sale from September 1st, the price comparison website warned that drivers could be wasting millions of pounds. In opting for expensive deals it was purported that the average motorist could be losing out on 985 pounds each via higher than necessary interest repayments - accounting for a grand total of over 175 million pounds.

Personal finance expert Mike Naylor suggested that drivers should not "pay more for the finance on your new car than you have to", advising the use of price comparison websites to judge the most competitive way of funding a purchase.

Abbi Rouse writes for All About Loans where visitors can apply for UK loans and also focuses on personal loans for UK residents. Visit Today: http://www.allaboutloans.co.uk
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Financing Your Dream Wheels

Owning a car is everybody's dream. We all want to not have to depend on public transport. We would all like to drive off into the horizon in that car of our dreams. So, we spend days on end imagining life with that perfect car which will be our vehicle for several years to come. So what are you looking for in car? Do you want a great-looking car with plush interiors? Should it be red, blue, black, or white? How smooth would you like the ride to be? Are you looking at a cheaper model or a more expensive one?

Irrespective of how you would like your first car to look, you will have to go and get the funds. Cars do not come for free. Rather, they tend to be a strain on the pocket. A high-end model will end up costing you a great deal more than the basic one. And used cars in a good state can be bought for prices that are much lower. What car you end up buying would depend on not just your tastes and needs, but also on your current bank balance. Do you really want to be extravagant?

These days, few of us are willing to wait patiently till we assemble the funds for the purchase. Moreover, there is no need to wait too long. Car finance happens to be in vogue nowadays. If you have a steady income and can afford to shell out a certain amount every month as installment, it would be a great idea to apply for a car loan. Car loans are easily available in the markets of today if one does a little studying. Search on the Internet and you will find yourself swamped with scores of car loans that might fit the bill perfectly.

However, given the fact that there are so many car loan providers in the market, proceeding with caution is a must. While you may not necessarily end up dealing with a fraudulent loan provider, you could end up shelling out far more in terms of monthly installments. Thus, it would be a good idea to do some homework yourself before you finally select a car loan for yourself. Also, while you are at it, you could also look at some offers for online car insurance. As in the process of choosing car loans, a good deal of research would help you find and affordable and reliable car insurance. After all, there are also the ongoing costs of servicing and maintenance.

Looking for car finance, visit http://www.ukpersonalloanstore.co.uk/
car_loans_doc.html We will help you with online car insurance at http://www.nationsfinance.co.uk/i
nsurance/car-insurance.html Visit us for car loans at http://www.rebuild.org/auto.html
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Sub Prime Market 'To Raise Rates'

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Article Title: Sub Prime Market 'To Raise Rates'
Author: Steve Smith
Category: Loans, Personal Finance
Word Count: 498
Keywords: bad,credit,loans,rates,rising
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Consumers that are currently considering bad credit loans or have their money in a sub-prime mortgage may wish to look at their outgoings, following news that a number of the lenders in the sub-prime sector look set to raise interest rates on some of their products for borrowers with a bad credit history or credit problems.

According to a report from Reuters, market turbulence affecting costs, lenders and borrowers is set to lead to an increase in rates from lenders such as Northern Rock, Kensington and GMAC-RFC. What this means is that those who have sub-prime mortgages may need to re-evaluate their budgets, with potentially more money needed to cover their bad credit loan than was previously required.

Northern Rock, a lender that operates predominantly in the prime market, but also provides sub-prime mortgages on behalf of Lehman Brothers, is expected to raise interest rates on its bad debt products by 1.25 per cent, while Kensington has raised its rates by 0.55 per cent. Northern Rock has acted to make it known that such rises only affect its sub-prime involvement and not any of its prime loan offerings. "This is purely in the sub-prime sector and does not spread to our prime range," a spokesperson for the lender said.

Sub-prime lending accounted for eight per cent of the lending market in the UK in 2006, far less than in the US where it accounted for one fifth of lending in the same period, Reuters notes. Yet lenders such as HBOS and BM Solutions are also ready to lift rates in the sub-prime market, which could cause those consumers who have sub-prime and bad credit products to reassess their financial situation and rethink their spending, saving and repayment habits.

While such specialist lenders are looking to raise rates, UCB Home Loans, a lender that specialises in loans for the self-employed and those with variable incomes, this week dropped the interest on a number of its fixed-rate products.

The lender's two-year, three-year and five-year buy-to-let mortgages have had their rates reduced by 0.25 per cent, 0.35 per cent and 0.4 per cent respectively, UCB has announced, effective from August 23rd. Across its self-certification products, rates for its two-year, three-year and five-year fixed deals were cut by 0.15 per cent, 0.25 per cent and 0.3 per cent respectively.

Keith Astill, managing director at UCB Home Loans, a subsidiary of Nationwide Building Society, was happy to announce the changes, which could allow access to credit for non-traditional borrowers. "We are pleased to offer these competitive reduced rates on our product range, especially as customers can also benefit from our free standard valuation incentive," Mr Astill said.

In July, a report issued by the Financial Services Authority (FSA) raised concerns over a number of firms acting in the bad credit arena, suggesting some firms were failing to adequately assess the ability of customers to repay bad credit loans. The FSA suggested that borrowers in the sub-prime area are "vulnerable" and need proper advice and assessment before a loan is agreed.

Steve Smith writes for 1 Stop Finance Shop, where our visitors have access to all types of finance from payday loans, and unsecured tenant loans, to self employed loans for homeowners. Visit today http://www.1stopfinanceshopuk.biz/
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Why Is Credit Important For Your Federal And Private Student Loans?

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Article Title: Why Is Credit Important For Your Federal And Private Student Loans?
Author: Court Tuttle
Category: Loans, Debt Consolidation, Personal Finance
Word Count: 519
Keywords: student loan consolidation programs, federal student loans, college student loans
Author's Email Address: resources@courtneytuttle.com
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So many people think that credit doesn't matter with a student loan and that can be true to some extent because there are student loans out there, like the Stafford Loan, that are government loans offered to struggling students. It doesn't change the fact that good credit is a great principle to institute from a young age.

Many students go through college with minimal payments and are often helped out a lot by parents. This can be a difficult situation for a student after a while because many get out of college and have to start being grown ups now with little experience. When you get that first bill for your student loan payment or maybe numerous payments then it can be daunting.

It is nice to start a lot earlier with credit when you turn 18 back during high school or at the end of it. One of the best things I had for me was that my parents got me a credit card and taught me how to properly use it.

I knew that I should use it for expenditures, but only for ones that I knew that I could pay off at the end of the month. I started to make a good habit with credit cards and the credit bureaus noticed my efforts.

Good credit can go a long way even if you already have a pretty low interest rate with student loans. If anything happens where you have to defer or forbear payments for a bit, it will mean a lot to any lender to see that you have good credit. It shows your financial credibility and can save your skin many times.

It can also help you to pay off loans according to your financial circumstance. Many students can't make three or four payments for as many student loans and they have to consolidate their student loans into one payment. If you have great credit then you will have a better chance of finding a good lender that would be willing to consolidate and give you a good interest rate on your student loans.

Good credit will bail you out again and again as we saw here. Most importantly is that it sets a mindset that will last with you for the rest of your life.

You will prioritize these consistent payments and make sure to take care of them every period that you have to pay your loans off. These habits can be helpful not only for yourself, but also for the future of your own family and children as you teach them these principles.

So take the time now no matter how little or bad your credit may be to steer your credit in the right direction. Look to establish a credit card even if it is secured or a department store and make on time payments. Make sure you have well known credit card companies that will report constantly to national credit bureaus about your circumstance so they will notice your progress and give you a good report to any lender.

Court helps people to learn about student loan consolidation programs. You can read more of his work by visiting: http://whalehookloans.com.
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Debt Problems 'Caused By Poor Decision Making'

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Article Title: Debt Problems 'Caused By Poor Decision Making'
Author: Steve Smith
Category: Loans, Debt Consolidation, Personal Finance
Word Count: 497
Keywords: personal,loans,secured,finance,debt,consolidation
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Many debt problems are caused by poor decision making, with taking on more debt to pay back what debt you already have not always a wise move, according to the free and impartial debt advice organisation Debt Free Direct.

Derek Oakley, insolvency director at Debt Free Direct, said that while a number of people get into debt due to situations such as relationship breakdowns or being made redundant, certain consumers find themselves with debt problems due to a failure to assess what impact their continued use of personal loans or other forms of borrowing may have.

Mr Oakley said that "many" people get into debt problems due to poor decision making, "or not being accurately able to assess the impact" of the choices they take. He offered that some people also struggle to understand whether they are able to afford things. Mr Oakley also suggested that financial education at an early age, something that all political parties seem to be backing, would help. "It's something the government's looking at and is something a lot of the debt charities are looking at as well."

The insolvency director suggested that debt consolidation loans are not always the answer to the debt problems of some people either, suggesting that for certain British consumers such loans are the same as "shuffling the deckchairs on the Titanic". "If you have too much debt then borrowing more is not really likely to be the answer; it's simply moving things around," Mr Oakley said.

He also highlighted the role of the lender in the modern credit market, suggesting that there is a certain responsibility bestowed on such organisations when it comes to lending money to consumers. Mr Oakley said that if a high street lender agrees to lend money to a customer, it is often assumed by that customer that "they're capable of paying it back", as that is what seems to be implied by the bank accepting the loan application.

Interestingly, despite a rise in online gambling platforms, Mr Oakley said that a "relatively small proportion" of people single out gambling as the cause of their debt. However, he added that some people that seek advice from Debt Free Direct do not put forward gambling as the "headline reason" for their debt problems, despite this being the cause in some cases.

Earlier this year, the marketing director of Picture Financial offered that a debt consolidation loan could be a wise choice for certain consumers. Julia Dallimore suggested that such a loan, which brings all outgoings together in one place, resulting in one monthly payment, "is a priority" due to the difficulties of managing multiple payments. "For people in this situation, freeing up a significant amount of money each month and getting everything in one place is a priority," Ms Dallimore said.

In addition, Credit Action urged in April this year that people taking on Individual Voluntary Arrangements (IVAs) at an early age could affect their credit rating for six years, suggesting a debt consolidation loan could be a better approach.

Steve Smith writes for 1 stop finance shop where visitors can apply for UK debt consolidation loans and also focuses on cheap personal loans and bad credit secured loans for UK residents. Visit Today: http://news.1stopfinanceshopuk.biz
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Home Equity Loans for House Owners

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Article Title: Home Equity Loans for House Owners
Author: Ajeet Khurana
Category: Loans
Word Count: 426
Keywords: Home improvement loan quote, home equity loans, homeowner loans
Author's Email Address: kits_ajeet@hotmail.com
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------------------ ARTICLE START ------------------

A home provides long term security. That is the reason why property is becoming such an investment favorite. And this is not at all a new story. A homeowner is bound to feel far more secure than a person who lives in a rented house. When you possess your own house, there are none of the worries of looking for another place to live in if the landlord decides not to renew the contract. Nothing less than a major crisis could make you lose your home eventually. Of our three basic necessities, the necessity of shelter is far more than a necessity nowadays. These days, it has also become a favorite of potential investors.

Thus, large numbers of people have started investing their money in a house rather than in stocks and shares. For one, a house is a great investment for the future. It may be subject to the rise and fall of prices, but to a lower extent. Moreover, with the amount of pressure that is being placed on land nowadays, any kind of real estate investment is a good idea. As a result, mortgage providers are very happy. They easily hand out mortgages to potential investors provided that the basic requirements have been met.

Now, mortgages tend to be expenses for the long term. Mortgage repayment can take ages. What does a borrower do if (s)he needs money even before the mortgage has been repaid? One popular mode of personal finance among homeowners who have not yet paid up their mortgage is the home equity loan. This loan is given on the collateral of the equity of the house. Equity is calculated as being the difference between the amount outstanding on the mortgage and the market value of the house at the time. As the number of mortgage seekers goes up, we also witness a rise in demand among those who seek home equity loans.

There are all kinds of home equity loans that you as a homeowner could avail of. A simple search on the Internet should provide you with a long list of lenders, each of whom offers really cheap rates. As you sift through the numbers of available loans, you will find some great bargains that might be the best bet for your current budget. The key to finding the best deals is to do a great deal of extensive study. These secured loans allow you to pay for a variety of other expenses ranging from home improvements to medical bills. Pick out those home equity loans that give you the best deals.

Looking for a home improvement loan quote? Visit http://www.ukpersonalloanstore.co.uk/
home_loans_doc.html We will get you home equity loans at http://www.rebuild.org/
home-equity-loan.html and homeowner loans at http://www.nationsfinance.co.uk/loans/
secured-loans.html
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Charges For Financial Products Increasing

Britons are facing more fees than they did last year on financial products and services such as personal loans, secured loans, mortgages and credit cards, as well as on savings and current accounts, according to the latest research from online comparison service moneysupermarket.
The website has found that across five financial products British consumers now face a combined total of 112 fees, a number that is slightly higher than the 110 faced at the same time last year. The areas investigated were mortgages, loans, savings, current accounts and credit cards, with the findings of the research dubbed as "galling" by the managing director of moneysupermarket, Stuart Glendinning.

"It is unbelievable that five financial products can be the root of so much penalty pain. With so many default fees and charges in place, even the most astute consumer can fall foul. People deserve financial penalties to be transparent and fair from the outset," Mr Glendinning said.

Mortgages were found to be the cause of most problems when it came to fees and penalty charges, with a total of 51 different fees attached to the products. While exit fees may have been curbed, moneysupermarket said, fees for copying documents, charges for changing payment methods and other ways for banks to make money have been introduced in their place.

Some 11 different fees and charges are attached to loan products, according to the website, with personal loans, secured loans and debt consolidation loans in certain cases carrying late payment fees or early settlement fees. Unpaid direct debits or bounced cheques related to loans can set consumers back about 35 pounds a time too, moneysupermarket claimed.

Credit cards and overdrafts attached to current accounts, two further methods of borrowing, also carry fees. While the Office of Fair Trading has capped credit card fees at 12 pounds, moneysupermarket notes that the number of credit card charges has risen from 17 to 19, suggesting that the providers are introducing further fees to replace capped revenue. Where current accounts are concerned, slipping over the agreed overdraft limit can result in a charge, as can having a payment bounced, just two of 27 possible charges consumers face in relation to their current accounts.

"A year on and providers are still giving with one hand and taking with the other. It is understandable that banks want to make up any profit lost by the clampdown on fees. But we are seeing sneaky tactics by some providers, who are renaming charges or introducing a new fee in their place - a practice that doesn't treat customers fairly," Mr Glendinning added.

The area that least charges or fees are attached to is savings accounts, where just four such penalties are imposed. Withdrawal charges or problems through not depositing the required monthly funds are two of those involved, but these are far less in number than those associated with loans or mortgages especially.

Last month, the managing director of Picture Financial emphasised the importance of structuring debt in the best possible way to make payments more manageable, something that would potentially avoid some of the fees highlighted by moneysupermarket.

Abbi Rouse is Editor in Chief for All About Loans. Our visitors have access to online loans of all types: From home improvement loans to bad credit debt consolidation loans. Visit our site today: http://www.allaboutloans.co.uk
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Homeowners Look To Remortgage 'As A Means Of Debt Consolidation'

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Article Title: Homeowners Look To Remortgage 'As A Means Of Debt Consolidation'
Author: Mark Dawson
Category: Debt Consolidation, Loans, Mortgage
Word Count: 509
Keywords: debt,consolidation,loans,mortgages,remortgage,
secured,personal,cheap
Author's Email Address: admin@loan-arrangers.co.uk
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------------------ ARTICLE START ------------------

More homeowners are remortgaging in an attempt to clear their debts, an industry expert has suggested.

According to Sue Anderson, head of member and external relations for the Council of Mortgage Lenders (CML), consumers have often tended to take out a new loan with a different provider as a means of funding home improvement projects. However, an increasing number are now looking to remortgage so as to consolidate other debts or replace relatively expensive unsecured debt with a secured loan which attracts a more competitive rate of interest.

And with Britain becoming evermore indebted, she suggested that consolidating borrowing could well be "a logical thing" for many consumers as they look to prepare to manage their finances on a tighter budget in the future.

Ms Anderson said: "If people are looking to release equity - which is not by any manner of means a silly thing to do and in many instances is a very sensible thing to do - repaying more expensive credit agreements with less expensive interest rates that are available on mortgages may well be a reasonable and very rational strategy for people, but people should think about how quickly they expect to repay that debt".

However, as mortgages are "a very long-term commitment", the CML representative advised that consumers should take the time to consider whether they will be able to regularly make repayments. She added that they should also look to see if they will be able to "make over-payments or repay elements of that to win in the long-term as well as the short-term".

Meanwhile, those considering switching lenders so as to get a more competitive rate of interest on their borrowing were advised to do so with caution. Ms Anderson suggested that instead of just focusing on the amount of monthly repayments, consumers need to "take account of all fees and charges" such as administration and legal costs. Consequently, borrowers were urged to take the time to shop around to ensure that they get the most competitively-priced product available and compare charges currently offered by their existing lenders with that of any prospective new suppliers.

However, it was pointed out that internally refinancing with current mortgage providers can also be a "sufficiently attractive option" for many consumers concerned about the impact of the recent rise in arrangement fees.

And although remortgaging can be an effective way of bringing together money owed to various creditors, those aiming to use this and any other form of debt consolidation loan are being advised to make sure that they do not incur any extra borrowing.

Earlier this year, a survey carried out by the Motley Fool revealed that some three-fifths of debt consolidation consumers get into the red once again in the future. David Kuo, head of personal finance for the company, claimed that although debt consolidation loans can act as a "welcome lifeline" for those struggling to handle their finances, borrowers should use such credit wisely and avoid the temptation of getting into monetary difficulties. In addition, the research revealed the average consolidation loan is 16,500 pounds, taking eight years to pay off.

Mark Dawson writes for Loan-Arrangers .co.uk where visitors can compare cheap loans online. Then apply for the best rate secured loans and bad credit loans available. Visit today http://www.loan-arrangers.co.uk
------------------ ARTICLE END ------------------

Student Loan Consolidation Information - How Credit History Affects Student Loans

When researching your student loan consolidation information options you want to look into how credit history affects student loans.

A range of general student loan products are not credit-based, Stafford and Perkins are based solely on need and do not even perform credit checks, but not all students will qualify and these services will in many instances cover a reduce amount of less than 100% of the amount needed, especially given the high cost of education today, most students and his or her families may therefore need to supplement these with credit-based student loans, when they do being able to show a good credit report to evaluators will result in the best access to funds, with the better interest rates, as with any credit-based loans a prior history of bad credit does not make acquiring funds impossible, nevertheless it is often much harder and in many instances carries a higher interest rate, avoiding a bad credit history will hence be the difference between getting a loan or if you do obtain one, repaying much more than you would have with a good credit rating.

However what is good or bad credit?

The first issue any loan officer will examine is the FICO score, the FICO is a total score calculated by the main credit agencies based on a secret proprietary formula, though the exact equation is not public, multiple criteria are well known and even obvious.

FICO scores are calculated on outstanding debt and defaults, the amount of late re-payments and how late and how late they are 30 days, 60 days, 90 days or longer along with the amount of credit available and number of recent credit inquiries and other factors, all these are weighed up and thus for example, a default counts very heavily as do any late payments with higher late days counting more, the number of recent credit inquiries counts much less.

A range of students will not have a FICO amount at all, not having credit cards or other forms of loans that would generate the required information on which the amount is based, nevertheless most students are judged by their parents credit history in relation to granting loans, whilst student credit history is important it is the parents wages and credit history that typically counts for more in the final decision.

Both parties want to have good credit, first and foremost that requires a FICO of above 650, and the higher the better having a total score less than that will not make getting a loan impossible, nonetheless it might trigger the need to supply further information that may influence the decision and submitting that incidental data to the people who can be influenced is not always easy.

In addition to the FICO number and linked to it, there are a number of other components that prospective borrowers should keep in mind.

Paying when required is imperative, evidence of a history of late payments and building up late re-payment charges is evidence of a poor credit risk in the minds of the lenders, staying within your available credit limits is very important as well, avoiding over limit and other costs shows a disposition to defer current gratification and take responsibility, creditors are judging not just numbers but also character as well in any decision.

Limiting the number and maximum balance amounts on credit cards will additionally assist, excessive credit inquiries suggest to lenders that someone is having difficulty meeting existing debt loads, that is a signal that re-payment of further loans may be harder, that increases the lenders default rates on loans that are not re-paid, financial institutions will try very hard to keep that default rate as low as possible, to do that they sometimes deny credit to borderline applications.

Meet all of your credit obligations and keeping all borrowing to a modest level for a long period of time makes you look like a very good risk to loan officers, which means funding any student loan will be that much easier, keep this in mind when considering any student loan consolidation information.

Ian Wilkie is a published expert author of many Student Loan Consolidation Informationis articles and owner of - http://www.mystudentloanconsolida
tioninformation.com your one-stop online resource for Student Loan Consolidation Info.
------------------ ARTICLE END ------------------

Britons 'Would Rather Consult A Hairdresser' On Money Woes

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New research has suggested that the famous British reserve is still firmly in place across the UK, with many people holding back from discussing money worries and the possibility of debt consolidation loans with professionals when they find themselves in financial difficulty.

According to new research carried out by the Legal Services Commission, Brits are four times more likely to discuss their money worries with friends, family, or no one at all than to seek out professional help on the subject. Data collected by the commission found that less than one in five (18 per cent) would consider a professional adviser as their first port of call when needing to take out debt consolidation loans or make other financial changes.

John Sirodcar, head of Community Legal Service Direct, remarks: "It's worrying that people, especially those that are most vulnerable, are not getting the financial and legal advice that they may need. While it's natural for people to look to those they know to give them advice, well intentioned as it may be, this is clearly not always going to be the best advice." Research suggests that seven out of ten (69 per cent) consumers' first reaction when identifying a problem with money was to attempt to sort it out themselves. While around 54 per cent would consult family, friends or acquaintances, 18 per cent - the same number choosing a financial adviser - would instead turn first to their hairdresser, taxi driver, pub landlord or religious leader.

According to the commission, 330 people are being made insolvent in the UK every day while the nation's personal debt levels increase by 1 million pounds every four minutes. The survey conducted by the organisation stated that those consumers aged between 18 and 25 are the group most likely to be concerned about their financial situation, with more than a third suggesting that they have experienced concern about the issue - more than twice the national average. The figure was described as "alarming" when paired with the fact that only three per cent of young people said they would seek out professional help when struggling with debt - one third of the number who would consult their hairdresser on the issue.

Meanwhile, men are twice as likely as women to seek out professional advice, with 23 per cent of men saying that they would find an adviser or speak to their bank first compared to only ten per cent of women - although men were more reluctant to seek out help in the first place. Seeking advice may be wise given that many British borrowers do not have a strong understanding of how long their debt is likely to continue. Recently the Motley Fool announced that most Britons have naive expectations about their own ability to pay off debts, with many putting the time span required to pay off the debt at less than half what would actually be required.

In related news, the public affairs chief of the Finance and Leasing Association, Edward Simpson, has stated that loans can help consumers to smooth over peaks and troughs in financial stability, increasing the security with which they approach their finances. He added that despite scaremongering in the press, most people manage to meet repayments on their debt consolidation loans without undue trouble.

Tom Dawson writes for Essentially Home Loans where visitors can apply for secured loans online, we also specialise in bad credit loans for UK residents. Visit Today: http://www.essentiallyhomeloans.co.uk
------------------ ARTICLE END ------------------

Garden Improvements Add Privacy And Value

Taking out a cheap loan to pay for some improvements to a garden could enable potential house sellers to raise the value of their home, with the aesthetic pleasure, privacy and protection offered by a well-developed garden often an enticing proposition for those looking to buy a property.

According to comments from a partner of chartered surveyors Cluttons, while putting money into your garden solely for the purposes of adding value to a house is not that common, it would more likely be used to offer privacy or block out eyesores, especially in areas of the country where gardens are small and properties and buildings are close together.

"For example, if you've got an ugly block of flats behind you, or if you've got another house really, really close to you looking into your garden, it's quite nice to do something that's going to take your eye off that and give yourself some privacy from whatever's going on behind, [by] maybe planting a tree or something like that," said Alasdair Mackenzie, the Cluttons partner in charge of sales for Clapham and Battersea.

While a cheap loan could be a good way to fund any large developments to a garden, any money borrowed should not just be focused on the back of the house. Presentation of a home, especially when it comes to making a sale, can be crucial, with people "always quite keen on how their house looks from the outside", according to Mr Mackenzie.

Crucial in any changes to gardens or even the interiors of a house, Mr Mackenzie said, is the need to create a feeling of space. The partner suggested that it is not necessary to improve the actual space that is on offer in a garden, rather enhance the perception that there is space beyond the kitchen window, through choosing the right flooring to match the garden, something that could be paid for through a cheap secured loan.

"Very occasionally people will do their garden, if it's quite small, in a way that it blends in with the house. For example, they may have a wooden floor going on to decking or a slate floor with a slate patio beyond it. That's quite good because it gives more of a feeling of space," Mr Mackenzie said. He also added that some people like the idea of bringing the garden into the home, using concertinaed glass doors that offer a view on to the garden.

Any homeowners that are considering splashing out on any improvements to a garden or house should certainly avoid store cards when purchasing their goods from DIY shops or garden centres. Earlier this month, Martyn Saville from Which? said that unless consumers plan to pay off the entire balance of the store card once the bill comes in, they should "avoid store cards altogether". Which? is attempting to get credit providers to use scenarios for customers to see the outcome of, for example, leaving a balance on a store card, some of which carry APRs approaching 30 per cent.

Abbi Rouse writes for All About Loans where visitors can apply online for cheap loans. We also specialise in bad credit loans, and debt consolidation. Vist Today: http://www.allaboutloans.co.uk
------------------ ARTICLE END ------------------

Car Loans 'Could Save Britons A Bundle On A New Car'

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Article Title: Car Loans 'Could Save Britons A Bundle On A New Car'
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------------------ ARTICLE START ------------------

With the launch of the new 57 number plates approaching, many UK consumers could be tempted to head to the country's car showrooms to buy themselves a new car, or look to make a bit of a saving by purchasing 07 plated models. However, according to moneysupermarket, if these consumers do not make the most of cheap car loans to finance their purchase, opting for forecourt finance or similar instead, they could find themselves paying a lot more than they bargained for.

The online comparison site has said that those consumers that opt for forecourt finance rather than a low cost car loan could be paying in the region of 140 million pounds in interest payments collectively, with 405,000 people expected to buy a new vehicle in September as a result of the new number plates coming on to the market.

Tim Moss, head of loans at moneysupermarket, said: "New car buyers need to do the sums before taking out car finance or risk being taken for a ride. Taking out a low-rate personal loan will help them avoid paying over the odds." Indeed, the site offers that someone purchasing a car for 14,000 pounds using forecourt finance at 7.9 per cent APR can expect to repay a total of 15,707 pounds over a three-year period. However, using a car loan to purchase a new motor could see repayments of 15,361 pounds based on a 6.3 per cent APR loan.

With a number of people no doubt looking to buy a used car rather than a brand new motor at this time, Halifax has also been emphasising the benefits of borrowing through a loan rather than the use of forecourt finance, suggesting potential buyers should spend a similar amount of time shopping for finance as they do looking for their next vehicle. Neil Chandler, head of personal loans at the financial services provider, said: "It makes sense to take your time and choose the right used car, but buyers should also ensure they do the same when it comes to financing it. With a Halifax loan, customers do not need to make payments for the first three months, which will help when it comes to sorting out road tax and other expenses."

Halifax has also urged potential car buyers to take into account a number of things related to the finance option that they choose. Issues such as balloon payments - where the payment at the end of the loan is much larger than previous payments - should be considered, as should looking out for any special features a loan might have to make paying for the extras associated with a new vehicle purchase easier. Barclays meanwhile has launched a car loan product aimed specifically at motorists, which includes a discount on breakdown cover.

Earlier this year, research from Experian showed that women were price-driven when looking for a second-hand car, suggesting they could be making good use of a car loan to get a great value-for-money motor. It was revealed that men are likely to pay more for a certain make and model than their female counterparts.

Steve Smith writes for 1 stop finance shop where visitors can apply for UK secured loans and also focuses on personal loans and bad credit loans for UK residents. Visit Today: http://www.1stopfinanceshopuk.biz
------------------ ARTICLE END ------------------

The Latest Fad Called Payday Loans

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Article Title: The Latest Fad Called Payday Loans
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Category: Loans
Word Count: 423
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------------------ ARTICLE START ------------------

Payday loans are all the rage in the world of today. As the world of personal finance continues to grow, newer and newer loan types have been coming to the forefront. One could say that it has become fashionable to avail of more and more loans. These days, we all look to loans when we want to fund our college expenses. We look to loans to help us when we are buying yet another car. And the mortgage is our best friend when it comes to purchasing a house. Loans are the fuel that has become the drivers of modern world. Loans are helping us to live much better by allowing us to purchase things which would otherwise have remained in the "unaffordable" category.

In the old days, people turned to loans only after all other means had been exhausted. These days, loans are a person's first choice. And rightly so. They say that money can ruin relationships forever. At least loans remove that possibility. The loan amount that you finally secure depends on your credit score. It does not depend on how close you are with your lender. It is a contract which comes with well-defined consequences. If you repay the loan on time, you need not worry about defaulting. If you don't, you could land up with a bad credit history. This would adversely affect your future loan prospects.

Now that I.O.U.s to friends have all but disappeared, we are being witness to the rise of payday loans. These are typically short term loans that can be procured on the basis of documents that prove one's status as a full-time employee. Such loans tend to be easy to get as loan providers do not need too much documentation prior to giving you the loan amount. Most often, they do not even ask for your previous credit records. That is a blessing for those who have a history of bad credit.

On the flip side however, one has to end up paying rather large amounts of interest compared to other kinds of loans. That single factor may encourage you to decide against payday loans. However, what you need to keep in mind is that because these are short term loans (ranging from two weeks to thirty days), the interest amount should be quite manageable. However, if you still happen to default on payment, it will turn into a noticeable mark against your credit history.

There is nothing wrong in securing a payday loan when the situation demands. But promise yourself that you will make timely repayments.

Come to http://www.rebuild.org/ for all types of loans. Regardless of whether you are looking for cheap loans at http://www.ukpersonalloanstore.co.uk/ or payday loans at http://www.rebuild.org/payday-loans.html we are the site for you.
------------------ ARTICLE END ------------------

Student Loan Consolidation Information - What Are Co-Signer and No Co-Signer Loans

At the time of researching your student loan consolidation information alternatives you want to investigate co-signer and no co-signer loans.

A co-signer is a second person who guarantees to pay off the loan and commonly starts to become involved when the primary borrower does not have any or a poor credit history, students most often have few or no credit cards, no vehicle loans and very rarely a house mortgage loan, as a consequence he or she have little or no credit history and as is the circumstance with a range of us in our youth, they could possibly have made a few unwise choices, he or she could have gone over and above what they could possibly pay back on a credit card and even been irresponsible about commencing repayments.

The lack of credit history or worse, actual late payments or defaults may without trouble put a potential borrower into the high risk category, most loan officers even in Federal student loans program system, may often look at that with a cautious eye and loan applications may be declined, or in borderline instances a higher rate is charged to offset the concern and compensate for higher default rates.

To counteract that lack of credit history or bad record, borrowers can and in general should obtain a co-signer, in the average situation that will be a single or both parents, loan officers will then look at the parent(s) FICO score, residual debt to income ratio, repayment history and other standard elements in deciding whether to grant the loan, during this period the credit quality of the parents starts to become the principal element for deciding the rate assigned, those with a superior credit history generally get the best rates, whilst those with a reduced FICO score commonly pay a higher rate, the difference can total up to a considerable sum over the standard re-payment time of 10 years.

One popular co-signer plan shows a 4% plan paying $5,489.00 in interest over the period of the loan, rising to $10,647.00 at 6% a 2% difference doesn't sound like a lot, however given contemporary borrowing patterns and compounding such a scenario is not unrealistic, one more instance that isn't uncommon these days is for students and parents to borrow as much as $100,000.00 to help finance an undergraduate education, even if interest is paid right away (therefore it does not collect as long as the student is in school, adding to the total amount to be re-paid), interest at 6.8% is nearly $567.00 per month and the annual interest total is approximately $6,600.00.

Lowering that rate to 5% (the official amount for a need-based Perkins loans) reduces these numbers to $417.00 and $4,820.00, however keep in mind that the case assumes that re-payment begins straightaway, deferring repayment until six months after leaving school which is the most likely outcome will result in higher amounts unless the interest is deferred or subsidized, using a co-signer with good credit can considerably reduced the total interest paid along with improving your chances of getting desirable loan features, go through a few sample strategies by using a loan calculator which are available on-line, this information will become a critical part of any student loan consolidation information.

Ian Wilkie is a published expert author of many Student Loan Consolidation Informationis articles and owner of - http://www.mystudentloanconsolida
tioninformation.com your one-stop online resource for Student Loan Consolidation Info.
------------------ ARTICLE END ------------------

Student Loan Consolidation Rates - It Pays To Shop Around

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Article Title: Student Loan Consolidation Rates - It Pays To Shop Around
Author: Martin Haworth
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Word Count: 511
Keywords: student loans,student loan,consolidated student loan,alternative student loan,student debt
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------------------ ARTICLE START ------------------

In order to repay them within the ten year period most loan programs favor, the monthly payments are often expensive - more expensive than most people can afford, especially six months after graduating.

Consolidators go after recent college graduates much like credit card companies go after recent entrants into adulthood (aka people who have turned eighteen). With all of those options it's easy to get confused and frustrated and give up on the process.

But why repay more than is owed? Interest rates are one thing, getting a paycheck every month certainly feels like another. This article serves to help recent Grads determine what the best student loan consolidation rates are.

Student Loan Consolidation - More Popular Than Ever

Is it any wonder that student loan consolidation has become so popular? Not long after that six month grace period mark passes, the postcards and "official" offers start showing up in the Graduate's mailbox. Each offer promises a better rate than the last. It's hard to tell the "shady" loan programs apart from the legitimate programs.

The best place to find a consolidator for your student loan is by calling whichever student loan organization you send your payments through. Sallie Mae and ACS are two of the most widely used student loan programs. They usually have several options ready and waiting for the Graduate to explore.

The banks and lenders offering student loan consolidation rates through these larger programs are obviously legitimate and will probably make the consolidation process much easier than outside loan programs would.

Internet Sources Of Student Loan Consolidation Deals

Another option when looking for student loan consolidation rates is the internet. Student Doc offers a number of resources for students and graduates including information on student loan consolidation rates.

This website offers a review program for the best and worse consolidation programs. It talks about the various types of financial aid you may have accumulated and gives a great overview of Student related debt.

Another site that goes into detail about options about student loan consolidation rates is a site called FinAid. It goes over the basic options available to recent college graduates and talks about the pros and cons of consolidation. It gives easy to understand information on interest rates and who is eligible for consolidation.

Check Thoroughly for The Best Consolidation Deals

Whatever method is chosen for consolidating student loans, it's important to research all of the options that are available. It's easy to take the first offer that comes along, but the first offer might not be the best, it might just have been the fastest to travel through the student's grapevine.

Student loan consolidation offers are sort of like the credit card offers that start showing up after a person's eighteenth birthday.

They are all tempting, but it's important to take care and consideration before settling on a repayment route. There are so many variables when it comes to consolidation rates that it is easy for people to get confused and frustrated.

There are lots of options available out there. Happy researching!

(c) 2007 Best Student Loan Guide. Products, services and step-by-step guidance to help you make the best decisions you can. Checkout Martin Haworth's website for all you need at http://www.Best-Student-Loan-Guide.com
------------------ ARTICLE END ------------------

Borrowers 'Unrealistic' About Paying Back Loans

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------------------ ARTICLE START ------------------

The majority of British borrowers have unrealistic expectations as to how long it will take them to complete making repayments on their debts, a new study suggests.

In research carried out by the Motley Fool, the average consumer expects to have cleared their debts in three years' time. However, the financial services firm claims that in reality credit cards and personal loans will not be paid off an average for seven years and seven months. The findings also showed that the typical borrower has non-mortgage debts of around 11,000 pounds.

With the average Briton putting about an eighth (13 per cent) of their salary towards debt repayments, many could be set to see pressure on their repayments last longer than expected. According to calculations by the company, which uses an example of interest charged at 14 per cent, two-thirds of all borrowers are reported to take 91 months to get out of the red - more than twice the amount of time they had expected to do so. Overall, for every 100 pounds borrowed they are set to pay back 167 pounds.

Findings also showed that older people could be in deeper financial difficulties, as two-fifths of people in their 40s currently owe more than 20,000 pounds. Meanwhile, a tenth of Britons over the age of 58 are in so much debt that they are unable to pay it back. Just under a fifth (19 per cent) of those owing over 20,000 pounds are not able to afford to make any repayments.

David Kuo, head of personal finance for the Motley Fool, said: "It is worrying to learn that two out of three people have taken on debts without fully understanding what is involved or how long it will take to repay the loan. For many, borrowing money is as easy as walking through a doorway. But it's a good idea to ensure that you have a way out before the door slams shut".

"Of course, people don't get thrown in prison for not paying their debts any more. It's much worse than that. Loans can now be drawn out indefinitely, which means that you are shackled to your lender forever rather than being incarcerated for a while."

As a result, those looking to avoid developing further debt problems were recommended to "budget carefully to identify where savings can be made", with selling unwanted items to raise extra funds also mooted. In addition, the Motley Fool advised making payments above the minimum monthly amount and clearing debts with the highest amount of interest first. Taking on a second job to supplement incomes was also another way consumers were told can help them pay off money owed more quickly.

Earlier this year, Stephen Rose, director of the Debt Advice Bureau, claimed that taking out debt consolidation loans could well be the best way for consumers to rein in their spending. He stated that by transferring money owed to various creditors into one monthly amount, they may be able to free up more cash to put towards credit payments. "Refinancing [debts] to lower the interest burden may be a solution," Mr Rose purported, adding that creating a budget may be another way to relieve financial pressures.

Tom Dawson writes for Essentially Home Loans. Our visitors can apply for secured home loans online, for whatever reason with whatever credit history. Visit us today for the best rate loans available. http://www.essentiallyhomeloans.co.uk
------------------ ARTICLE END ------------------

Consumers Warned Over 'Holiday Debt'

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Article Title: Consumers Warned Over 'Holiday Debt'
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Keywords: holiday,debt,loans,consolidation,secured,
personal,finance,credit
Author's Email Address: admin@loan-arrangers.co.uk
Article Source: http://www.articlemarketer.com
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Holidaymakers who are tempted to go into debt to fund their holidays have been advised to make sure they repay any money borrowed for their summer of fun as soon as they return to the UK, in order to avoid interest building up or the need for something like a debt consolidation loan to solve the problem of indebtedness.

The Consumer Credit Counselling Service (CCCS) has also urged people to consider in detail the costs associated with their holiday - and to budget each day to make sure they are not spending more than they can afford. Those already in debt, it is suggested, should look for cheaper ways to go on holiday if they must go at all.

"If you really can't afford to go on holiday you have to accept that and not go on holiday - or look around for ways of making it a very cheap holiday. You could go camping, or perhaps you could do a house swap or think of ways of doing it economically," said Frances Walker, spokesperson for the CCCS. She added: "If you are going abroad you need to think about what the living costs are there ... you need to think about what spending money you are going to need and try to give yourself a budget per day."

Once this has been done and the trip funded - through savings or a personal loan - it is important for consumers to remember not to overspend when they arrive at their destination and that any money they spend via their credit cards should be repaid as soon as possible when they return to the UK, to avoid mounting debts that could leave them in need of debt consolidation.

"You just need to plan to repay your credit cards back and not go on using them," Ms Walker said. "Obviously the sensible advice to give ... would be to save for your holidays ... but often people don't do that. It would be better to have a budget and to think what exactly you are going to spend and can you afford it?"

By repaying the credit card debt upon your return, Ms Walker added that consumers should be able to avoid "getting into any serious debt" which could ultimately affect their credit rating.

The advice from the CCCS follows news in July this year that saw that one in six Britons are not coping with the debt they are in, something that the CCCS warning hopes to help avoid. According to research last month from R3 - the Association of Business Recovery Professionals - the reasons for debt problems were not as simple as having spent more than consumers could manage, with issues such as illness and redundancies cited by a combined total of 54 per cent of those that had encountered debt problems.

According to the organisation's website, the CCCS was started in 1993 as a pilot in Leeds before centres were opened in Nottingham, Cardiff and Birmingham three years later. It is based on a concept from the United States.

Mark Dawson writes for the the Loan Arrangers where you can compare and apply online for the best secured loans. Visit Today: http://news.loan-arrangers.co.uk
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Quick Cash Through Payday Loans

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Article Title: Quick Cash Through Payday Loans
Author: Ajeet Khurana
Category: Loans
Word Count: 414
Keywords: Fast payday loans, Payday loans UK
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Our monetary responsibilities keep increasing with age. Electricity bills, phone bills, grocery bills -- these are just a few of the scores of expenses that have to be taken care of. So much responsibility gets thrust upon us as soon as we start going to office. The care-free days of childhood are far away as duty and expenses start weighing down on us. Moreover, financial crises strike even the most budget-minded of us. We cannot dwell in a state of bliss thinking that no cash crisis will ever affect our lives. That would simply be a case of wishful thinking. Most salaried individuals face cash crunches at various points in their life. Then it becomes worrisome to actually go out and find a way to get through the monetary crisis.

However, the salaried individuals of today are greatly relieved from the stresses of their money problems. Whenever there is some kind of a deficit, they can always apply for a same day cash loan. Also known as payday loans, such loans go out to those who are employed full-time. This mode of personal finance allows people in acquiring money urgently as and when the situation arises. The documentation requirements of loans like this are low. So the ease of procurement is great. You could secure the loan on the very day that the application form is filled in.

Typically, payday loans are of low amounts and they must be repaid within a short time. Most often, the borrower has to repay the loan when he gets his salary. The rationale behind this kind of a loan is that in case of a shortfall of cash mid-month, the salaried individual can access a certain amount to help him tide over emergencies and the expenses that accompany most emergency situations.

Yes, the interest rates are significantly higher for a payday loan. However, loan providers are certainly happy. Loan providers are trying to gain the upper hand as they seek to help salaried people manage urgent expenses. These could be in the form of medical bills, or school fees. The inability to pay them off can lead to a lot of anxiety. Loan providers are doing their bit to help people at such times.

Of course, the option of payday loans cannot be an option for people who are not full-time employees. Self-employed people, in general, are neglected. However, payday loans are certainly a godsend for those that are not. It is a lucky thing that such loans have been developed.

Payday loans UK need not be a pain get them at http://www.ukpersonalloanstore.co.uk/articles/
payday_loan_inside.html.
Get fast payday loans at http://www.rebuild.org/payday-loans.html
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Britons 'Do Not Know Personal Debt Figure'

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Article Title: Britons 'Do Not Know Personal Debt Figure'
Author: Steve Smith
Category: Loans, Personal Finance
Word Count: 506
Keywords: debts,finance,outstanding,
balance,not,known,by,brit's,loans,credit,cards
Author's Email Address: steve.smith@1stopfinanceshopuk.biz
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Some six per cent of Britons do not know how much debt their personal loans, credit card debts and other forms of borrowing adds up to, according to the latest research from Unbiased, suggesting more than 2.5 million British consumers cannot quantify their total debt figure.

Research from the website - designed to emphasise the benefits of independent financial advice for consumers across the country - has reflected that young people aged between 18 and 24 years old may be the worst group when it comes to determining their indebtedness, with 41 per cent unaware of what their total debt figure is to within 500 pounds. For British consumers as a whole, some 15.4 million do not know within 100 pounds their total debt figure, Unbiased has revealed through its research.

The solutions people would use to pay off personal loans and other debt if they found themselves in a debt crisis have also been highlighted through the website's research. While just fewer than half (48 per cent) would turn to savings to repay debts should they face financial hardship, among the remaining people were listed what the company has referred to as "worrying" techniques for paying back the money they have borrowed. One in five would look to the government to support them in times of hardship, while 19 per cent would begin to sell possessions to repay debts. A further 20 per cent would look to sell their home to lighten the burden of personal loan debt and other borrowing.

Other recent research by the website showed that almost half (48 per cent) of 18 to 24-year-olds would spend an unexpected rise in income on either entertainment or clothes, something that has led to Unbiased calling this group Generation Spend.

David Elms, chief executive of Unbiased, offered that what the website has dubbed Generation Spend is not planning sufficiently for any harsh financial times: "This research shows how little the UK consumer is budgeting and preparing for every eventuality. Generation Spend is allowing debt to dictate behaviour, rather than taking financial control and keeping a check on debts." Mr Elms added that tools such as a budget planner or the expert knowledge of an independent financial adviser could help resolve this issue.

The out-of-control borrowing highlighted by Unbiased is not something that has gone unnoticed in the past. Just last month, London Stock Exchange-listed company Alliance Trust revealed that, despite increasing economic pressure on British households through higher utility bills, consumers were still choosing to "borrow big and spend bigger". This was something the company suggested meant that the message of more expensive living costs was not getting through to members of the public, with mortgage payments, council tax bills and household utility bills all climbing in the last quarter.

Unbiased is the website of Independent Financial Adviser Promotion, a firm that has been running for 18 years. The company is sponsored by 30 product provider sponsors, including the likes of Clerical Medical and Prudential, and has around 9,000 independent financial advisers on its database that stretches across the UK.

Steve Smith writes for 1 Stop Finance Shop. A one stop shop for all your bad credit loans, debt consolidation loans and personal loans.Visit Today: http://www.1stopfinanceshopuk.biz
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Millions Of People 'Should Look To Debt Consolidation Loans'

Millions of people across the UK are currently concerned about the level of their debts, prompting many to investigate debt consolidation loans, one price comparison site has asserted.

According to personal finance commentator MoneyExpert, 2.48 million people in the UK are "very concerned" about their debts. However, although the figure represents seven per cent of the adult population, this has not stopped one in four (25 per cent) of those already in debt from increasing their borrowing in the last three months. Research published in the company's debt index today reveals that as repeated increases in the interest base rate hit home, higher numbers are questioning their ability to keep up with repayments.

Today's report is the first outing of the MoneyExpert debt index, which is intended to measure how well UK consumers deal with their debt situations.While seven per cent are worried about their ability to deal with their debts, the new measure suggests, a similar number have increased the amount they owe by a fifth (20 per cent) or more. In more positive news from the index, 65 per cent of borrowers have either not increased their debt or have cut the amount that they owe - and some may reduce the amount of interest they pay on their borrowing by engaging in debt consolidation.

Sean Gardner, chief executive of MoneyExpert.com, said: "With more than 2.48 million very concerned about keeping on top of their debts it is clear that there is a serious crisis brewing. Anyone who is very concerned about their ability to keep on top of their debts is heading for serious trouble if they do not take action now." He explained that the five interest rate hikes announced by the Bank of England since last August mean that people will need to adjust and understand that borrowing is likely to cost significantly more "for the foreseeable future".

The sources of debt identified in the firm's survey are several, ranging from mortgages (41 per cent) through unsecured personal loans (29 per cent) to secured loans (five per cent). The highest numbers are borrowing on credit cards, with 47 per cent of those questioned stating that they owe money on plastic. However, Mr Gardner reassured the public that taking action can help to assuage money worries. "There are however plenty of ways for people to get their debts under control from consolidating their borrowing to using the equity in their home through a secured loan. It is important that people act and do not bury their heads in the sand," he asserted.

Recent research from an independent financial advisory service, Unbiased, revealed that more than one in twenty (six per cent) UK consumers do not know how much money they owe - with the figure rising to two in five (41 per cent) in people aged between 18 and 24. Meanwhile, Mint Financial Services has advised that those owing money on multiple credit cards should look to combine their borrowing into a single debt consolidation loan in order to mitigate the interest accrued.

Abbi Rouse writes for All About Loans where visitors can apply for self employed loans and also focuses on bad credit loans , and debt consolidation loans for UK Homeowners. Visit today http://www.allaboutloans.co.uk
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Overspending 'Could Lead To A Bad Credit Rating'

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Article Title: Overspending 'Could Lead To A Bad Credit Rating'
Author: Steve Smith
Category: Loans
Word Count: 569
Keywords: bad,credit,loans,finance,overspending
Author's Email Address: steve.smith@1stopfinanceshopuk.biz
Article Source: http://www.articlemarketer.com
------------------ ARTICLE START ------------------

Britons could be placing increased financial pressure on themselves in an attempt to keep up with the Joneses, it has been reported.

In research carried out by CreditExpert, about one in five people (19 per cent) admit to overspending due to peer pressure. And by attempting to show off to family and friends through purchasing luxurious items such as designer clothes and flash cars, a total of 45 billion pounds is being spent just to keep up with the lifestyle of those around them. Meanwhile, the average consumer was reported to be spending 5,874 pounds beyond their means every year.

Findings also revealed that 37 per cent of Britons overspend for fear of not fitting in with those around them, as 48 per cent of respondents feel pressured into splashing out more money on presents for loved ones than they had originally intended. In addition the study indicated that men are overspending on their cars by 1,964 pounds per year, with women shelling out an extra 1,068 pounds. Just over a third (38 per cent) were also shown to be spending more than they would have liked on presents for their work colleagues.

However, managing director Jim Hodgkins claimed that such a lack of control over their finances could see consumers damage their credit rating and cut off their access to competitive borrowing in the future. Consequently, this in turn may lead them to take out a bad credit loan.

He said: "It's staggering to see how much we're overspending just to keep up with our peers. While it's great to be generous at the bar or on a date, we should be spending because we want to and not because we feel pressured. Spending beyond your means because of peer pressure can result in mounting debts which could lead to a bad credit rating and, unfortunately, if your credit rating is unattractive to lenders, they will be less inclined to offer you credit - which means you could then miss out on the new car or flat you've fallen in love with."

The research, which surveyed some 1,450 Britons, showed that young people are the mostly likely to give in to purchasing peer pressure. An estimated 41 per cent of those aged between 18 and 24 claim that they spend money so as to maintain a certain lifestyle, in comparison to the national average of 19 per cent. Just under two-thirds (59 per cent) of consumers in this age bracket say that a desire to not "miss out" was the reason for spending beyond their means.

Meanwhile, people living in London could be facing the most pressure on their day-to-day finances as a quarter of those living in the capital claim to have spent more cash than they had intended to because of social pressures. On the other hand, some 14 per cent of consumers from Scotland and the north-east of England were reported to have spent money when they did not want to.

However, James Jones, consumer affairs manager for Experian, recently suggested that those taking out a bad credit personal loan in a bid to reorganise their outgoings should get a copy of their financial history. By doing so he claimed consumers can check for any discrepancies in their file and identify where a change in their circumstances has previously affected their ability to pay off debts - with this possibly helping to determine what rate of interest loan providers decide to set.

Steve Smith writes for the 1 Stop Finance Shop where you can apply online for debt consolidation loans. We specialise in all sorts of personal loans and secured loans with online application. Visit Today: http://www.1stopfinanceshopuk.biz/
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Credit Repayment Terms Are Extending

Abbi Rouse offers the following royalty-free article for you to publish online or in print.
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Article Title: Credit Repayment Terms Are Extending
Author: Abbi Rouse
Category: Loans, Debt Consolidation, Personal Finance
Word Count: 495
Keywords: secured,loans,credit,finance,longer,terms
Author's Email Address: abbi.rouse@inter-financial.com
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------------------ ARTICLE START ------------------

While overall borrowing in the UK may be on the up, people are succeeding in better managing their loans and other finances, one commentator has suggested.

Loans firm Picture Financial has suggested that credit levels are on the increase but states that as consumers borrow more they are getting savvier about which loans or other products they choose. Julia Dallimore, marketing director at the company, remarks: "Our UK credit levels may seem high but with the vast majority of this taken up by mortgages and other secured lending we are increasingly spreading our credit repayments over longer periods to better manage our monthly finances."

The firm was reacting to research released today by business advisory company Grant Thornton which has contended that consumer borrowing has outstripped the national gross domestic product for the first time. It was announced that British consumers currently hold debts consisting of loans, mortgages and borrowing on credit cards amounting to 1,345 billion pounds, for the first time exceeding the overall production of the British economy believed to be 1,330 billion pounds. "The research issued today highlights that we are a nation of significant credit users, however, many of us use our borrowing as an acceptable means of maintaining our standard of living," Ms Dallimore stated.

However, Picture Financial adds a note of warning - while people may be beginning to approach their finances from a better informed position, repeated increases in the interest base rate will continue to put pressure on household budgets. The firm believes that those consumers who have borrowed from a number of different sources and are struggling to balance repayments on their loans might benefit from debt consolidation as a way of restructuring their credit. "It is important for people to ensure that they review their credit arrangements and, if necessary, restructure their borrowing to allow themselves greater financial freedom each month," Ms Dallimore explains. "This can mean taking the time out to seek independent advice, switching to credit providers with more favourable rates or consolidating all borrowing into one place."

The company asserts that gaining a thorough understanding of your outgoings and monthly finances can be useful in ascertaining whether repayments can be comfortably covered. The advice follows recent statements from the UK Insolvency Helpline which urged consumers struggling with debt to write a budget. Calculating the difference between income and living costs can give a good indicator of how much could be considered spare income and how much is available for paying off loans.

Ian Boden-Smyth, spokesperson for the lawyer and accountancy network, also recommended any consumers experiencing problems or foreseeing future difficulties to get advice from professionals who can help to draw up a budget as well as provide guidance.

Recently, Picture Financial published research which suggested that despite worries about their ability to control their finances, millions remain unhappy about the prospect of discussing their financial situation. The firm found that Britons were more comfortable discussing sex, current affairs and religion than broaching the subject of financial difficulty.

Abbi Rouse writes for AllAboutLoans.co.uk, an online loans comparison site, visit us today for information on all loan topics including cheap loans applications and loans sourcing from all leading UK providers. Our Site: http://www.allaboutloans.co.uk
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