Personal Finance Articles
No one likes to think about the negative side of the future, but it pays to be practical; some forethought ensures you don’t have to worry about the financial side of things.
In the same way as someone might compare prices between two high-street retailers for the same product in order to secure the cheapest price, it is now just as easy to compare credit card deals between different financial institutions. And with the average UK household debt now higher than ever, it would seem that switching cards has never been more prudent.
The Bulgarian property boom shows no signs of slowing; but Bulgaria's expected adoption of the Euro in 2011 means investors need to move quickly to snap up the best deals.
For those who are up to their eyeballs in debt, the sooner affirmative action is taken, the less likely the situation will be to spiral out of control.
Avoid debt please
In the same way as someone might compare prices between two high-street retailers for the same product in order to secure the cheapest price, it is now just as easy to compare credit card deals between different financial institutions. And with the average UK household debt now higher than ever, it would seem that switching cards has never been more prudent.
Humans are habitual animals, and that can spell disaster when it comes to money. Learning how to change bad habits for good ones can lead to financial prosperity.
Rising costs and the threat of falling house prices are driving first-time buyers from the housing market, leading to the Council of Mortgage Lenders to call for a Bank of England interest rate cut to help attract them back.
Mintel have produced a startling report claiming that as many as one in three UK mortgage holders, primarily the self-employed and those with poor credit records, could be at risk of severe financial difficulties as a result of the sub-prime collapse in the USA.
The on-going credit crisis claims its next victim – Paragon, the country’s third largest lender of buy-to-let mortgages is in severe trouble, sparking fears that the property market is on the verge of meltdown.