Category Archives: Credit
For some people the idea of taking on any kind of debt at all is a big no-no. To an extent I can understand why people feel this way. After all, no one likes to pay interest on borrowed money and if you’re not careful with debt then it can certainly spiral out of control very quickly indeed. I personally don’t feel that all debt is bad though and I even feel that there are some situations where taking out a loan could make good financial sense. Let’s consider 3 such situations.
With high street bank lending criteria tightening up after the financial crisis, many people have looked for alternative ways to borrow money. This has led to a rise in the number of guarantor loans being taken out and also to a rise in the amount of companies out there who offer these loans. So what are guarantor loans and how do they work? Let’s take a look at some of the key points surrounding these types of loans.
When a person is searching for any type of loan, they can often feel a little bit baffled by the sheer range of loans that are on offer. And we’re not just talking simply about the amount of lenders out there. No, we are also thinking about the fact that you can come across secured loans, unsecured loans, homeowner loans, payday loans, mortgage loans and the list really does go on and on. We also have to consider the term of any loan. Would a short, medium or long term loan be best?
Over the past couple of decades credit cards have gotten themselves a bit of a bad name. It stands to reason when you consider the stories of people who have landed themselves with huge credit card debts, which have in turn resulted in a lot of financial stress and pressure.
Often times though, it is not so much the credit card in itself that is the problem, but more the way the credit card has been used or viewed.