When it comes to loans, there are two main categories that are worth mentioning. In this article we will compare secured loans and unsecured loans. Both have benefits and disadvantages, but the borrower’s credit history also determines which one is open to him or her. Another key element that influences the choice between secured or unsecured loans is the amount to be obtained.

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If you are unable to manage your finances with utmost care, your finances may get astray. Although you don't fall into debt willfully, you may have to face certain circumstances that may make your financial health go topsy-turvy. You can fall into debt promptly but getting out of debt is a time consuming process. It isn't a simple process. But you can always do your bit and not let your finances go haywire. So, how can you prevent yourself from getting drawn into the debt dungeon? Let us see how.

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More and more people during the recession are finding themselves with issues over debt. This can emerge in various ways, for example Read more »

With many of us heading off to the sun this Summer, it's important to get the most out of spending using credit and debit cards and avoid some of the traps that can increase your charges and result in a hefty bill on your return. Here are 10 saving tips to consider here.

1. Pay in Local Currency Read more »

A crackdown on borrowers with patchy credit histories and the withdrawal of many 0% interest deals mean the age of the 'rate tart' could be nearing an end. According to research by price comparison website Uswitch a staggering £3.5bn of credit card debt has been left building interest as approximately two million rate tarts were rejected for their next balance transfer deal.

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It's only about six weeks - but feel s a lot longer -  since we last had a look at where house prices and mortgages were going; down and up, respectively. In that time some key indicators have crept in to the picture which suggest that we might have got to the point where confidence at least is coming back into the market.  It'll take a longer period of applying hindsight than we're using right now to tell if the housing market is actually on the way back up again or not, but let's have a look at some of the indicators.

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In the past week or so we've seen warnings from one of the leading credit rating agencies that although the UK is holding on to its top class credit rating for now, it might have to consider cutting its assessment. The veiled warning was that they might not wait too much longer before they make a cut. However, before we get too gloomy there's a couple of things to take on board.

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Once upon a time, life was simple when you wanted to by a house. You paid fees for a surveyor to value the property, a lawyer to do the conveyancing, maybe a small insurance premium if your loan to value was over a giddy 70%, stamp duty and the cost of registering the deeds. But nothing lasts forever and today couldn't be more different as lenders charge a variety of fees for doing just the same job as they used to.

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Almost every day a new opinion emerges on whether the housing market is beginning to emerge from one of its worst slumps, or whether we're in a downturn that is going to go on for at least the rest of this year. We all know that what started the current recession was a credit crunch when the banks stopped lending to each other. Since then we've been looking for signs of recovery.

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Negative equity is simply the term used to describe when your mortgage is more than the value of your home. It could happen when you take on a mortgage for more than 100% of your property's valuation, but it's really much more widely used to describe the result of recent dips in the value of property so that the value of your home is now less than your mortgage.

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