Category Archives: Home Mortgage
Cheap fast debt consolidation loan!
How would your financial life be, if you were to make a single payment in place of numerous loans? You dont have to shun away from your creditors calls avoiding his threatening calls nor do you have to miss out on your loan payments. Cheap fast debt consolidation brings you the well deserved solace and replaces all your multiple monthly bills with single cheap debt consolidation bill. The main objective of fast debt management services such as best consolidation loans or direct debt free advice is to clear of a substantial portion of your debts within a span of 5 years.
A cheap debt consolidation loan fast is a consolidation loan procured at a lower interest rate for the benefit of both a debtor and a creditor. A creditor agrees to a debt
consolidation loan as he is sure of recouping at least a portion of his debts if not the whole amount and on the other hand a debtor gets an opportunity to repay back with lesser EMI.
Fast debt management service includes a debt consolidation loan cheap, direct debt free advice and debt relief services. When do you apply for a fast cheap debt consolidation loan?
-When you are tired of repaying numerous debt payments and want to repay back in a single payment
-Not able to meet the high interest loans
-Lock in at fixed interest rate instead of varying interest rate
-Reduce your monthly budget towards debt repayment
-Pay off existing debt and get debt free with best consolidation loans!
Consider the main objective of cheap debt consolidation loan with a direct debt free advice:
Firstly, such a fast cheap consolidation debt will offer financial succour and comforts those borrowers who are battling with the debt problems and are looking out for ways to free of high interest debt.
Secondly, cheap debt consolidation loan fast is offered at a low rate and is approved quickly. And the lender can retrieve the loan amount from the defaulters and non payers,which would have otherwise been difficult.
Also be aware of the fact that best debt consolidation loan is not a panacea of all your debt problems. It can do away with a substantial amount of debts and if you follow your budget properly, you can clear maximum amount of your debts. One needs to understand the importance of debt consolidation loan before opting for one and choose a cheap fast debt consolidation loan lender carefully who not only offers loan to you but also guides you with a free and sound advice that is offered to you directly.
Unsecured Loans – finance for everybody
As the name implies, unsecured loans don’t require the borrower to pledge any of his assets like home as security against the loan amount borrowed. Instead, the loan is granted viewing the borrower’s credit history and his ability to repay the loan. These loans are also called signature loans or consumer loans. Unsecured loans are multiple loans that can be used for a plethora of purposes. Some of these are mentioned below
The following are the parameters on the basis of which a lender grants unsecured personal loans to the customers.
The credit history of the borrower – This is the most important criterion for judging a borrower. If the borrower has a number of defaults, arrears and miss payments in his credit history, his chances of securing an unsecured personal loan are low. He may, though, get a bad credit unsecured loan at high interest rate. If the credit score of the borrower is above 700 on the scale of 800, he may get an unsecured more comfortably because of his excellent credit record.
The DTI ratio of the borrower – DTI i.e. Debt to consolidation ratio reflects the affordability of the borrower. DTI = Debts/ Income of the borrower. If the DTI is greater than 3.6, the borrower has good chances of getting an unsecured loan.
So, the above cited reasons are the two most important factors that contribute in the lender’s decision in respect to the loan amount, loan tenure and APR to be charged. If the credit history of the borrower is bad but the DTI ratio is good, the borrower may get an unsecured loan. Better the credit score of the borrower, lower his annual percentage rate (APR).
The amount one can borrow as unsecured loans start from as little as £500 and can go up to £25,000. Because the borrower doesn’t secure the money by any collateral, lenders tend to limit the value of unsecured loans to £25,000. The repayment period may stretch from six months to 10 years.