Become a Smarter Borrower

Written by G Marwick


Continued from page 1
• Avoid Secured loans if possible. Loans of this type are commonplace inrepparttar UK are commonplace followingrepparttar 135958 increased equity value arising fromrepparttar 135959 house price boom of recent years. It is only advisable to release equity if you are going to be adding value to you home. If you fail to keep up payments you can be at risk of losing your home. This again will be mentioned inrepparttar 135960 fine print, although you should be aware of this. There are hundreds of loan companies inrepparttar 135961 UK atrepparttar 135962 moment. With our low interest rates it has been quite affordable to borrow money. This is one ofrepparttar 135963 reasons we are a nation inrepparttar 135964 grip of a debt epidemic atrepparttar 135965 moment. If you can reduce your interest payments then take action now. If you have between 6 – 9 months left to pay on your loan you could transfer this balance to a 0% balance transfer credit card. You can then pay this balance off from your new credit card at no cost overrepparttar 135966 6 or 9 month period depending on whatrepparttar 135967 introductory rate is. Do your homework there is more than enough information and loan comparison websites to make sure you makerepparttar 135968 right choice when it comes to taking out that loan.

Grant Marwick is a freelance writer and owner of http://www.1st-in-loans.co.uk where you will find advice and more articles on personal loans


The Burden of Debt

Written by G Marwick


Continued from page 1

The wage rate is not growing in line with rising debts so somewhere alongrepparttar line something has got to give. This may be inrepparttar 135925 form ofrepparttar 135926 slightest interest rate rise which may berepparttar 135927 straw onrepparttar 135928 proverbial camels back. One could associate it with a brick that is attached to an elastic band. You can gently pull and pull and nothing will happen, sooner or laterrepparttar 135929 brick will finally budge and most of use will be walking around with a black eye.

If you do find yourself in debt then don’t despair it’s notrepparttar 135930 end ofrepparttar 135931 world. As long as you face up torepparttar 135932 fact that your financial position needs a makeover then you are onrepparttar 135933 right path. The first thing to is gather all you credit statements and get an exact figure of what you owe in total and what those monthly payments add up to. You need to be clear in your mind what you earn and what you owe. This sounds simple but you can’t service your credit if your repayments are more than what you earn. If you find yourself in this position you need to consolidate all your loans intorepparttar 135934 lowest rate you can find. This will bring down you monthly payments and hopefully be more manageable.

If you need help on doing this then contactrepparttar 135935 National Debtline on (Freephone) 0808 808 4000 orrepparttar 135936 Consumer Credit Counselling Service on (Freephone) 0800 138 1111. These numbers are for UK residents only.

Grant Marwick is a freelance writer and owner of www.only-credit-cards.co.uk where you will find advice and more articles on Low interest Credit Cards and Bad Credit Credit Cards


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