Bad Credit Home Equity LoansWritten by Carrie Reeder
A home equity loan allows you to borrow against equity you have built in your house. Even if you have no equity, you may be able to borrow up to 125% of value of your home. You can use extra cash to consolidate bills, fund college tuition, or any other reason you see fit. If you have bad credit, you can still apply and be approved for a home equity loan. Mortgage lenders are offering great interest rates and easy terms on home equity loans, even if your credit history is less than perfect.A home equity loan will give you financial means to pay off your debts and begin rebuilding your credit. You can use cash for any reason you choose and you may even lower your monthly mortgage payments in process. Don't let bad credit stop you from applying for a home equity loan. Lenders are competing for your business and can offer you numerous options and choices when you apply for a home equity loan. Homeowners have an advantage when bad credit prevents them from obtaining new credit accounts. You can use equity in your home to secure a loan up to 125% of your home's appraised value. Bad credit will not exclude you from apply for and being approved for a home equity loan. Lenders are currently offering loan products for all types of credit situations. If you have bad credit and own your home, a home equity loan can be designed to fit your individual needs. You can begin rebuilding your credit and get extra cash you need to pay off high interest credit cards, past due accounts, and any other expenses you may have.
| | The World is Not Enough - Calling for a More Ethical Approach to Personal FinanceWritten by Richard Green
At a time when entire world’s attention is focused on problems of world debt, with Live 8 (http://www.live8live.com/ ) concerts, G8 summit in Scotland, Make Poverty History Campaign ( http://www.makepovertyhistory.org/ ) (MPH) and various anti-poverty marches, it seems that everyone wants world’s governments to behave more ethically towards manner in which international finance is conducted. This is obviously a laudable attitude to take, and has gained immense momentum with such a groundswell of public opinion that even UK Chancellor, Gordon Brown, has stated he is planning to participate in Make Poverty History demonstration in Edinburgh during G8 summit. Mr Brown has urged world leaders to follow up their decision on debt cancellation for poorest countries with a doubling of aid and fairer trade rules. The Chancellor said, "This is a day for people not for politicians. It is people's voice that must be heard." Whilst support from such a prominent member of British cabinet with his accompanying statements that world was "angry" and "outraged" over poverty in Africa, which has continued despite repeated past pledges from richer nations, has been welcomed by many who believe that various organised events could have an influence on leaders who attended summit, others see his words as hypocrisy. Human rights lawyer, Aamar Anwar, said "Mr Brown, along with Tony Blair and George Bush, are people who are responsible for poverty and starvation around world…The G8 is proposing spending £30bn on alleviation of poverty…It sounds like a lot but it is absolute peanuts when it is compared to £280bn that was made available for war in Iraq." The trouble is that although there has been much talking and finger pointing at rich and powerful Governments of world, with claims that way they are running international finances does not stand up to moral scrutiny, how many people can genuinely look at their own finances and state that they themselves are doing everything they can to help, and that they are ethically above reproach? Does their bank or building society lend their savings to companies who are involved in activities that can range from weapons manufacturing, gambling, pornography, tobacco, scientific animal testing to child labour, or do they instead direct their investment towards activities which have a positive social and/or ecological impact?
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