The mortgage lending process has recently changed with the aim to ensure that those people who apply for a mortgage application can actually afford the costs, especially if the cost of the mortgage was to rise in line with an increase in the mortgage rate. Previously a mortgage application only had to prove that the…
It is difficult to deal with the financial pressure if you are trying to balance a budget or to keep within certain limits. It is difficult to explain, if you are trying to save money, to other family members and the reasons behind your saving. If you are in debt and want to get out…
If you feel you are drowning in a sea of debt, stop panicking and start taking action now. The only way you will be free of debt is take control of the situation and move forward knowing what you need to do and how to do it. To understand the true extent of your debt…
Understanding the effects of the economy is easy to see if you look at different areas, if the economy is struggling it’s shown in other areas including the housing market and price rises. In the UK there has been a difficult few years with some of the major banks close to collapse. Time is a healer and…
If you find yourself in a situation where a debt’s passed to a collection agency, it can cause stress and worry especially if you can’t afford to pay what they are demanding. However, it is important that even if you know the debt is yours, you don’t claim the debt until you have taken advice from…