Loans for the poor in the offing
Poor borrowers can finally see sunny days ahead! They will now not have to resort to expensive lenders for credit or be exploited at the hands of loan sharks. Usually kept at a distance from reasonable loan deals and low-rate credit cards, the poor have now some help at hand with the launch of an East London-based business, Fair Finance that will offer loans till £2,000 and provide basic bank accounts.
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Thu, 07 Apr 2005 00:00 GMT |
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Loan shark bill falls through due to lack of ‘enough time’
The loan shark bill proposing changes to the existing laws to safeguard borrowers from the clutches of loan sharks and illegal lenders was shelved following the Government’s announcement of the General Election date. Since the government did not have enough time to push the Consumer Credit Bill before parliament dissolution on Monday, the bill was dropped.
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Wed, 06 Apr 2005 00:00 GMT |
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Britons’ household & DIY expenses increase two-fold in 20 years
Halifax revealed in its survey with the help of figures from the Office of National Statistics that home maintenance and DIY expenses had risen two-fold in the past 20 years. This could probably be one of the reasons for escalating loan levels in the country with Britons’ expenses on household maintenance rising by 104% between 1984 and 2004.
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Tue, 05 Apr 2005 00:00 GMT |
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Make your wedding loans £1700 light
With two top-notch weddings round the corner, financial providers have come forward with some advice for the eminent couples to help them save substantially by making intelligent wedding expenditure plans.
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Tue, 05 Apr 2005 00:00 GMT |
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Track down the perfect personal loan
Sounds shocking, but its true! By the end of January 2005, Britons owed £882 billion to mortgage lenders, £54 billion to credit-card companies, and another £130 billion towards personal loans, overdrafts and other unsecured lending.
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Wed, 23 Mar 2005 00:00 GMT |
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Bromwich offers borrowers a worthy share
Two new facilities in the area of shared ownership have been launched by West Bromwich Building Society in its bid to get FTB (first time buyer) business. Shared ownership allows new home owners to buy a share of a property and pay a rent on the other share which is not owned by them either to a housing association or a registered social landlord.
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Wed, 23 Mar 2005 00:00 GMT |
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Bank suggests more borrowing to buy happiness
An interesting statement by a leading city investment bank said that the British were borrowing relatively ‘too little’ and surely had the capacity to borrow more. It went on to even recommend people to opt for more loans and in someway suggested that borrowing could even make them happy!
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Wed, 16 Mar 2005 00:00 GMT |
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UK schools rescue EU students seeking loans
EU students seem to have a reason to smile and why not?! The European Court of Justice has pronounced that EU students who had spent a good four years at a UK school could deem that time as a proof of residency and thereby apply for a government loan for studying at any UK university.
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Wed, 16 Mar 2005 00:00 GMT |
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Home buyers stamp duty should go
Mortgage firms such as Alliance & Leicester are urging the concerned ministry to do away with stamp duty tax for first time buyers, as research have shown that these set of buyers have just 8 per cent chance of buying a property under £60,000, and thereby not falling under stamp duty bracket.
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Tue, 15 Mar 2005 00:00 GMT |
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