Finance Blog
Understanding Car Insurance Discounts
Posted 2008-04-24
Trying to save money wherever you can is important to us all. Car insurance should be no different. Do not assume that your agent knows everything about you and your vehicle. Drivers should take advantage of all discounts that many...
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Equity Release Programs Assist Many
Posted 2008-01-15
Many Britons who own homes are attempting to enhance their disposable incomes through equity release, according to intune group. People are turning to equity release products to make payments on their credit cards and mortgages, as well, according to Mark Gettinby, finances director of the Help the Aged subsidiary. He urges people to speak with an expert before making a decision, however. Many people do not understand the details of equity release plans, says Mr. Gettinby. They will be better served if they get professional advice before continuing. Dean Mirfin, business development director for Key Retirement Solutions, agrees with Mr. Gettinby, saying borrowers, especially retired homeowners, can avoid paying too much if they speak with a loan professional first. Retirees may not get the best advice or find the best deals from equity release providers who mostly interested in making a sale. ...
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Warn Savers of Rate Changes
Posted 2008-01-14
Average rates of return on savings are falling below the rate of inflation, and the National Building Society is demanding that savers be warned when their high introductory rates are reduced. Savers are enticed to banks and building societies...
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Balance Transfers Could Equal £9Billion
Posted 2008-01-13
New research finds that Britons will transfer nearly £9billion in credit card debt from one company to another in the new year. Abbey National Financial surveyed more than 1,000 adults and estimates that Britons will transfer three million credit...
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Many Brits to Change Credit Card Companies in New Year
Posted 2008-01-12
Millions of Britons say they will change credit card companies in 2008. New research conducted by MoneyExpert.com indicates that 2.6 million are planning to switch, while 6.6 million report they will stay with their current provider. Those who do...
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Create a Budget to Clean Up Finances
Posted 2008-01-10
A year-long budget that includes all annual expenses might help Britons who resolved to gain control of their finances this year. The Consumer Credit Counseling Service (CCCS) advises people to plan ahead to cover regular expenses throughout the year. People who take the time to write down a budget for every month of the year will benefit, says Frances Walker, a spokesperson for the CCCS. The exercise will let them identify ways to maximize the money at their disposal. If people are using more than 20 percent of their annual income to make repayments on loans, they have borrowed too much, says Ms. Walker. A debt consolidation loan with a single monthly payment may help remedy this situation. Data collected by Credit Action indicates that debt in the UK amounts to £1,400 billion. ...
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Home Buyers Moving Ahead with Plans
Posted 2008-01-10
Many home buyers continue to move ahead with their plans, according to a recent study. Data from a recent survey by Fool.co.uk reveals that 38 percent of those surveyed who said they would be buying a home soon expected to complete the transaction this year, and another 34 percent will do it in 2009. Many people who have been planning to move into homeownership will be encouraged to go ahead by current changes in the market, says David Kuo, head of personal finance at Fool.co.uk. Too many people ask the wrong question when beginning the process, however. They should be asking themselves what they can afford to repay rather than how much they can borrow, says Mr. Kuo. The report indicates that over the next five years, sellers will outnumber buyers at a ratio of about five sellers for every four buyers. Fool.co.uk is an online financial community that helps rethink their relationship with money. ...
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Possible Savings from Larger Loans
Posted 2008-01-9
Some people may actually save money by taking a loan if the amount falls into a tier of favorable size, says independent product research firm Defaqto. The lower tiers tend to carry the highest interest rates, so borrowers may...
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Britons Urged to Plan Their Financial Futures
Posted 2008-01-9
The Department of Work and Pensions (DWP) is urging people who spent more than they should have during the holiday season to plan more carefully for their financial futures. People who fail to plan for large expenditures may find...
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Millions of Bills Not Paid in 2007
Posted 2008-01-9
Many families felt the pinch of tighter budgets last year and consequently did not pay all their bills, according to recent research. The most frequently overlooked of all household bills was the council tax. Research conducted on behalf of...