Wonga to Double the Size of Small Business Loans
Wonga, the online finance payday lender best known for its prominent advertising and high interest rates, is expected to increase its maximum loan amount from £15,000 to £30,000 in an attempt to bridge a growing finance gap for companies. The new increased loans are set to be introduced in the coming weeks, however maximum repayments terms will still be fixed at 52 weeks.
Part of the reason behind the change is said to be due to customer feedback. Users have apparently shared their thoughts that the £15,000 limit is not enough to solve short term financing needs.
The small business loans offered by Wonga are available at an annual read more »
White-Collar Professionals Using Payday Loans
White-collar workers are also using payday loans when seeking short-term money solution, a new study has shown. Online lending service FridayFriday.com said that seven percent of their applicants were in well-paid jobs such as doctors, accountants and lawyers.
Proving that even well paid individuals are still struggling to make their financial ends meet, these applicants account for one in every fourteen submissions.
Mr Gardiner, FridayFriday.com’s founder said: "Seven per cent of applicants are in high-end professions such as law, accountancy and medicine and this just goes to show that, regardless of your income, there can be times when read more »
Bad news for first-time buyers
First-time buyers are due to face more setbacks as the latest Bank of England report suggests plans to tighten restrictions on lending.
In the Bank of England’s Credit Conditions Survey, lenders predict that the availability of secured credit to remain constant over the next financial quarter. The availability of high loan to value (LTV) ratios for borrowers is expected to “decline markedly” however.
“The elevated cost of wholesale funding for banks has continued to be passed through to spreads on secured household lending, and lending to firms,” the report states.
The survey was conducted in May before governor Sir Mervyn King read more »
Money Saving Car Loan Advice
In our present time, a lot of car dealers offer an option for people to get a car that they always dreamed of. It became possible for people to upgrade your old vehicle to a newer one. Cheap car loans became more available for people as well. However, even though there are so many car loans available, it is still important to remember that you need to learn some ways how to save some money with the car loan.
Many people decide to buy a new car and only then they think how to pay for it. Those who do not have money to pay right away for the new car usually choose an option to borrow finances required for it. You should remember that there is read more »
Car Loan Money Saving Ideas
It is quite an interesting question how the car loan companies make a lot of people to apply for expansive loan agreements. There are people who just do not read what it says in their car loan agreement. Most of the victims of car loan institutions are people who are desperate to get an car loan, those who have bad credit history or first time car buyers. Advanced Finance can offer great advice when it comes to searching for the best deals on the market today.
People who are looking for the car loan should remember that financial companies are not interested in you buying a good reliable car. They think how to make you apply for the highest read more »
Car Loans Money Saving Tips
Vehicles became not a big luxury in the present time. There are quite many people who may have not only one but rather couple of cars in their possession. A car loan is the most popular way to purchase those vehicles for many people. However, even though most of the people use the car loan as their means to buy a car, not all of them know that it is possible to save some money with their car loan.
People who are interested to save some money with the car loan should know that the car loan refinancing is a great option in such situation. This option is good for people who have the high interest rate car loan, because of bad credit history they read more »
Saving Money With A Student Loan
It is possible to save money with a student loan just using simple techniques. There are two important points that you should keep in mind and those are: searching for a loan and responsibility for repayment. In other words it is important to do a good research for the student loan in order to get the best interest rate available.
There are many options how to save money with the student loan and one of the most popular is called consolidation. However, saving options are not limited to consolidation only. It is great to know that the interest rate in the student loan is possible to change, even though those are low anyway. Whenever a lower read more »
Saving Money With Your Loan Plan
There are a lot of options available how it is possible to save money with any kind of a loan. Advanced Finance are in a great position to offer practical, general advice when it comes to managing your loan. The best and the simplest advice to keep in mind whenever you have the loan is to pay it off as soon as possible. However, even if you decided to pay your loan earlier there are couple of traps that you may fall in.
You should remember that when you decided to pay your loan earlier in order to save some money it is good to check if there is any penalty for an early loan repayment, because it may come out that you may lose more than read more »
Small Loans Without Any Risk
In our present time we usually need a lot of money in order to manage our life. However, there are situations when small amounts will play an important role in our daily life as well. That is why small loans get into our life. A possibility to apply for a small amount sometimes is much better than it would be to apply for a big one. The reason for this would be that the small personal loans usually are flexible and take a good care about needs and requirements of borrowers rather than of lenders like in all the other types of loans.
In order to opt for the small personal loan it is not necessary to fulfill a lot of lender’s requirements. read more »
Saving Money With Car Loans
There are a lot of people in our present time who have a car or would like to have a car. People who purchase a new car are excited to get into it and drive away from a car park. However, before doing it a person should take care of business first. It is important to get all finances of a car loan in order. Even though it may be difficult to figure out a car loan nuances a person applying for it should be patient to all details.
A good technique to decrease your amount to be paid or in other words, to save some money on your car loan is to pay down more money each month. In order to have more money for paying your monthly car loan payments a read more »
Leave a comment »