Kippers or red herrings?

Written by Rachel & Cashzilla


Recent news has made much of parents stretching their finances to cover costs for their twenty and thirty something children. Debts and high property prices have forced many offspring to return home, tail between legs, underrepparttar attractive new marketing term of “kippers”: kids in parents’ pockets eroding retirement savings.

Many graduates have developed significant debts from university and have accumulated further debt inrepparttar 142481 competitive graduate market. Student life provides an incubated protection fromrepparttar 142482 reality of financial concerns and fresher fairs become increasingly populated by banks, mobile phone companies and other brands wishing to tap intorepparttar 142483 students’ borrowed finances.

It is true that many young people have got themselves into very uncomfortable financial positions because of careless spending. The ethics of student finance are somewhat dubious with many financial products branded “student”, not necessarily offeringrepparttar 142484 best deal. Most shops, bars, cafés and restaurants on university campuses are fully commercial enterprises designed to make profit, without wanting to fit around a student’s pocket. Tuition fees, whilst significant, are notrepparttar 142485 biggest problem for students.

Most students run up debts because of inadequate life skills. They’re not used to doing their own washing, they don’t sew, some can’t cook and most have never been in charge of their own finances prior to university. If it’s broke, just buy a new one. One male student reported preferring to buy take-away food, rather than cook his own food, also often buying new shirts to save washing and ironing old ones. An American exchange student, who had never been taught to do her own cooking, used some of her $90,000 loan to live on take-ways, convenience meals and restaurant food whilst studying in London.

Why Choose a Secured Personal Loan?

Written by John Mussi


Listed below are some ofrepparttar many reasons why you should choose a secured personal loan. A secured personal loan is often referred to as a homeowner loan. A secured personal loan is secured against your home to act as security torepparttar 142476 lender forrepparttar 142477 money you have borrowed.

It is a low interest loan designed exclusively for homeowners. As a result of inflation and part repayment of mortgage most homeowners have a property which is worth far more than they owe on it. A Secured Personal Loan enables you to make use of this asset which will provide security for your loan.

Secured personal loans are an ideal solution for homeowners who have recently been refused a personal loan or for home owners wanting to borrow a larger loan amount. If you are a homeowner, thenrepparttar 142478 secured personal loan is for you. A secured personal loan can sometimes berepparttar 142479 best option if you are looking for lower rates of interest, longer repayment lengths and own your home.

Essentially, a secured personal loan is one that is secured against your property, which is why they are often also called homeowner loans. What this means is that, by taking out a secured personal loan, you are using your house to guaranteerepparttar 142480 loan repayments. Becauserepparttar 142481 risk is lower forrepparttar 142482 lender than on an unsecured loan it is possible to get better interest rates than on a loan that is not secured on a property. This is alsorepparttar 142483 reason that lenders are able to offer higher sums than for unsecured loans.

It is also easier for you to be approved for a secured personal loan because you are using your home as security against being able to makerepparttar 142484 monthly repayments. It is very likely that your loan is far smaller thanrepparttar 142485 value of your home, sorepparttar 142486 loan provider will view it as less of a risk.

A secured personal loan can sometimes be a better option when taking out a loan due torepparttar 142487 fact thatrepparttar 142488 interest rates onrepparttar 142489 secured personal loan will tend to be much lower than for unsecured personal loans. This is due torepparttar 142490 fact that you are putting up your property as collateral.

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