All You Wanted to Know of Bad Credit by James Taylor
Martin Henderson is in a fix these days. Because of his failure to repay a loan he had taken a few years back, he has been adjudged as a bad credit case. And, in spite of much effort, he has not been able to get a loan or a mortgage. Lenders do not want to take risk by offering loans to him, and... The credit file shall however include the name of the borrower among the bad credit cases for about 6 years. ... County Court Judgement registered by the County Courts keep the record of bad credit for a period of six years.

Vultures and Victims by Rachel Lane
Has anyone noticed how many loan companies now fill up the commercial breaks? Sofa, after of sofa of happy couples are shown, with carefully manipulated stereotypes discussing the consolidation of their finances, recommending a particular provider. Couples, who have had loan requests knocked... The Joseph Rowntree Foundation reported that more than 25% of general credit applications and over 30% of mortgage applications are turned down because the standard criteria cannot be met, based on research by the Council of Mortgage Lenders in 2002.

Debt Consolidation: A Rising Industry by Robert Parker
According to the Bank of England, the amount of money owed by consumers in the UK has edged closer to the symbolic £1 trillion mark. As long as figures such as these keep getting reported, the debt consolidation industry will keep flourishing. Consolidation Loans as a loan category originated as... Next in line are credit cards. ... Naïve consumers often fall prey to lucrative advertising done by the credit card companies. ... Mortgage is one of the most common debts that UK residents incur. ... The result is often detrimental to their own welfare as they end up using several credit cards...

Secured Loans for Homeowners: Because Home Provides More Than Living Space by Marsha Claire
Secured loans for homeowners are also called mortgages. They are loans that are backed by a collateral. A Secured loan for Home Owners is offered against the guarantee of your home or any concrete property. It enables you to get loans according to your needs and also get good deals for easy... Many people with a bad credit history think that they will not be able to get a secured loan, but any home owner that can offer property as security against a loan should not have a problem. ... This choice offers cheaper interest rates and will be more flexible if the credit track record of the...

Payment Protection - What's All The Fuss? by Michael Challiner
In recent months you'll have seen lots of comment in the UK press about the evils of Payment Protection Insurance. In our view, the problem is not so much about what the insurance does, but more about how it's sold. Payment Protection Insurance protects borrowers who fear they'd be unable to... Indeed, according to Defaqto the financial researcher, 60% of online credit card companies and 30% of loan providers fail to show you the terms and conditions for the insurance before signing you up. ... In a confidential letter sent to the Council of Mortgage Lenders leaked to the National Press,...

How To Deal With Rising Interest Rates by Joseph Kenny
For the past few years, interest rates have been quite low, causing many people to borrow large amounts of money for a variety of different expenses. Now these interest rates are about to rise, and they will have a large effect on the personal finances of many borrowers. ... Consider A Cheaper Mortgage If you have a mortgage that features an adjustable interest rate, consider switching to a fixed rate before interest rates begin to rise. ... By law, credit card companies have to give you a notice before increase the interest rate on the credit cards, and very few loans are exempt from...

UK Consumers Regaining Control of Runaway Levels of Personal Debt by Michael Hanna
The UK in recent years has seen a massive growth in the levels of personal debt and thanks to increases in secured loans corresponding to a strengthening of the housing market; it does not appear to be slowing down. Recent figures from Creditaction show that since the end of 1993, when debt... The Creditaction report has however indicated that overall average consumer borrowing through credit cards, motor and retail finance deals, overdrafts and unsecured personal loans, rose to £4,121 per UK adult by the end of November 2005.

Loans for Unemployed by Joseph Kenny
It is one of life’s small cruelties that the times when you need credit most badly, are also the times when lenders are least willing to give it to you. When you are finding it hard to meet your obligations, your car payments are behind, your credit cards are all fully loaded, and you’re barely... Even if you are meeting all your payments, credit reporting companies can show lenders that you are at your limit, that you’re fully extended on all existing lines of credit, and you’ve been searching vigorously for more.

Mortgage Glossary of Terms by Darren Yates
A brief list of some of the most common Mortgage terms. Adverse Credit The term used if the borrower has a poor credit history. This could include previous mortgage or loan arrears, bankruptcy or CCJ's. Other terms used to describe an adverse credit mortgage include: Bad credit mortgage... Interest Only Mortgage A mortgage whereby the borrower is only required to pay inerest on the amount borrowed during the mortgage term. ... Intermediary A mortgage broker or advisor who finds the most suitable mortgage for a borrower and arranges the mortgage on their behalf.

How To Avoid Bad Credit by Joseph Kenny
Because we live in a society that is dependent on credit, having credit that is bad can make life very difficult. Many high paying jobs won't hire you. Lenders are unlikely to give you a mortgage. Getting an unsecured credit card will also be hard, if not impossible. ... The secret to avoiding bad credit is not to do what many people do. ... While many people owe thousands of dollars in credit card debt, the credit card companies and banks make billions of dollars each year. ... Many people have bad credit because they lack discipline.