British Families and Debt

Written by Nicola Bullimore

Continued from page 1

If people were more aware ofrepparttar free financial help that is available, perhaps they would realise that borrowing more money to pay off current debts is notrepparttar 149777 way to ease their financial situation. Debt Management Companies such as Payplan ( offer free financial assessments and Debt Management programs which work around peoples current incomes to findrepparttar 149778 best solutions to debt problems, it is hardly ever necessary to borrow more money to resolve financial difficulties.

Perhaps there should be a system in place, which allows a lender to see whether or not a person can afford either a loan or a credit card before making a decision whether to lend money.

Creditors currently say that they will only lend money ifrepparttar 149779 applicant meets their criteria. However, if people are still able to borrow money when they cannot afford to pay it back, thenrepparttar 149780 criteria fails to give a true representation of whether or notrepparttar 149781 applicant is able to repay.

Information supplied throughrepparttar 149782 credit reference agencies do not showrepparttar 149783 full picture to a lender when making a decision to lend money, either that, orrepparttar 149784 credit companies are not taking full advantage ofrepparttar 149785 information provided.

Some lending companies will lend you without question half of your annual income, not taking into account what you already owe.

These arerepparttar 149786 things that need to be addressed when lending money. Both lenders and borrowers alike are responsible; therefore, tighter restrictions need to be applied on both sides.

We can only rely onrepparttar 149787 Government to recogniserepparttar 149788 problem, and do something to resolverepparttar 149789 current state of lending and borrowing in this country. Debt inrepparttar 149790 UK crashing throughrepparttar 149791 1 Trillion pound barrier is not something to be proud of; it is something that needs to be addressed now!

Nicky Bullimore has been working with people regarding debt issues for a number of years. For more information, please visit Debt Questions

Finding a Cheap Secured Loan

Written by John Mussi

Continued from page 1

Develop a relationship Usingrepparttar same bank or lender repeatedly helps to establish a relationship between you and them, and increases your likelihood of getting a cheap secured loan. If you have bank accounts or write cheques with a certain bank, check with their loan department and make sure that they know you're already a customer. If you've obtained loans from a certain finance company inrepparttar 149776 past, remind them of your good experiences when you apply for your most recent cheap secured loan. If a lender has had positive dealings with you inrepparttar 149777 past, then they're more likely to trust you now… which means that they'll offer you lower rates and a cheap secured loan.

Plan forrepparttar 149778 future Should you not getrepparttar 149779 best loan rates, don't despair. Make sure that you make all of your payments on time and pay off your loan quickly… this will giverepparttar 149780 lender a good impression of you that you can help them to recall inrepparttar 149781 future. The next time that you're onrepparttar 149782 market for a cheap secured loan, come back torepparttar 149783 lender that you've hadrepparttar 149784 best experiences with first… and make sure that they remember you as a good customer fromrepparttar 149785 past.

You may freely reprint this article providedrepparttar 149786 following author's biography (includingrepparttar 149787 live URL link) remains intact:

John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the website.

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