Archive for September 2011

Retail Sales in the UK Weakest in 16 Months

September 27, 2011

Retail sales across the UK were the weakest for 16 months during September, according in the CBI business group. The most recent Distributive Trades Survey found that only 24% of retailers claimed to have higher sales for September 2011 than 2010, whilst 39% said sales had dropped.

 This is the poorest measure since May 2010 with a balance of -15%; the figures were however as analysts expected. The CBI cited high prices, low wage growth and increasing unemployment among the reasons for the slump. Consumers are continuing to restrict their spending to necessary items, which they are buying at the best price available.

The CBI also found that many retailers are less than optimistic over next month’s figures, with a predicted sales balance of -14% for October. As the rise in utility costs is felt as the weather gets colder, many households will find their budgets further squeezed in October and retail figures will suffer further. Figures from the Office for National Statistics currently show that August saw retail sales fall by 0.2%.

Solve Your Debt and Credit Problems

September 21, 2011

Financial problems can be extremely stressful, especially if you’re not financially minded. It can feel like an alien world out of your control. It doesn’t have to be like that! There are hundreds of services, loans and credit repair services out there with experienced professionals to help you get your finances back on track.

If you have bad debt and owe a lot of different creditors an array of sums of money at different interest rates and with different deadlines, it can be really difficult to keep up with repayments. Depending on the severity of your debt, there are a couple of solutions. A consolidation loan will enable you to pay back all your existing debts, leaving you with one lower monthly repayment, often with a lower rate of interest than you were paying before.

If your debt is slightly more serious, then a debt management plan could be the answer. These companies offer trained professionals to help you with your debts. They can even negotiate on your behalf with the companies you owe, sometimes freezing interest and helping you get on track with a new plan.

If you are not in debt any more, but have had money problems in the past and the subsequent damage to your credit rating is causing you trouble, then there are other things you can do. If you just need to borrow some money, but are finding it difficult to get approved, then a bad credit loan could be the answer to problems. These loans are specially designed for those who have bad credit, meaning you won’t have any problem getting approved. The company will evaluate your history and the amount you want to borrow and offer you a personal APR.

If you are interested in repairing your credit, then a bad credit rating card can help you do that. These cards are designed to build your rating back up through regular repayments, proving your reliability. Whatever your money worry, there is always a solution, you just have to find it!

How to Save Money

September 14, 2011

The gloom of the current global financial situation is enough to make anyone want to save money. Every day sees a new depressing figure published about growing unemployment, sovereign debt, energy prices or poor economic growth. The boom all of us have enjoyed over the last twenty years is well and truly over and it’s time to change bad habits and tighten our belts.

If you are serious about changing your spending habits, then there are some really effective measures you can take. Alternatively, if you just want to streamline your expenses and take some small measures to save a bit, there are other things you can do. 

If you really want to revamp your attitude towards money, keep a financial diary for a month. Write down everything you spend money on, and your spending shortcomings will become clear very quickly. By looking at where your money goes, you can take action to plug the holes and start saving.

Keeping a current bank statement somewhere where you will see it often, like on the fridge, will keep your finances on your mind, helping you to make good financial decisions and keep you from going overdrawn.

Budgeting can be difficult, especially if you use your credit cards and debit cards to pay for most things. This will mean that it is hard to keep track of what you have spent. By taking out a lump sum of cash for a designated period of time, and if the money runs out then tough. The physical money in your pocket makes this easier, as paying with plastic can sometimes not feel like spending.

Being healthy can really save you cash. By cooking meals at home, eating healthily and walking will save you a lot of money on restaurants, expensive foods and petrol or transport. Cigarettes and alcohol are extremely expensive with all the tax levied on them, so cut these out and help your health and your bank balance.

Ultimately, if you want to save money it’s really a question of need rather than want. There are many things in our society that we think we need, but actually it takes very little to get by. So just stop spending!

What is a Logbook Loan?

September 5, 2011

A logbook loan is a secured loan. Instead of being secured against a bigger asset of yours, it is secured against your car. Depending on the value of your car, you can borrow anything from around £500 to £50,000. Many logbook loan providers do not do credit checks, meaning that you can get your hands on the money tied up in your car even if you have bad credit.

The loans are quick and simple to get, and the money is often in your account within 24 hours of applying. There are often attractive early settlement deals, when you get lower rates of interest for paying the money back sooner.

As with payday loans, these loans are designed to lend for short periods of time. Although this could be extremely useful if you are confronted with an unexpected expense, the representative APR rates are frequently high. Because of this you should pay back the money as soon as you can in order to avoid big charges.

Make sure you research the market thoroughly in order to find the best company to deal with your specific loan. You can compare products on our website, and find the most appropriate deal out there for you!

What Could a Consolidation Loan do for You?

September 2, 2011

If you owe a lot money to various companies, lenders or banks, it can be extremely stressful and difficult to keep up with all the payments. Your bills are often due at different times of the month, at varying intervals and have a range of interest rates. Being in debt can seriously affect your life, making you lose sleep and even affect your health.

A consolidation loan enables you to pay back all your existing debts and subsequently only owe one lender. This cleans up your debts in one fail swoop. You are left with one lower monthly repayment, and more often than not will pay less interest.

Consolidation loans are similar to personal loans, and have a low APR, meaning you can get back in control of your debts without spending more money. There are lots of different loans out there, so make sure you do your homework and find the best loan for you.

Depending on the number of lenders you owe and how much you owe them, a consolidation loan that is right for you is out there. You can look through all the loan companies that provide these loans on our website to find the best rate and deal for you.

Remember that just because you don’t have the same outgoings each month, it doesn’t mean you owe less money in total. This means that you will have your debts for a longer period of time, so pay back as much as you can each month to get debt-free as soon as possible.