Tag Archives: growing

Personal Loansv- Fulfilling almost every financial need

In the current economic scenario, when individuals are losing jobs on a frequent note, the banks and other lending institutions are not showing any mercy towards the regular and personal needs of loan seekers. At present, if a borrower goes to avail some financial help, what he/she can easily find is more application form issuing for loans against some collateral or with a credit check. However, he has to struggle if he stands as a credit defaulter.

Therefore, the trend of personal loans is growing and snatching the market share of any other short and long term loans available in the UK financial services sector.

Currently, the mindset of a regular earner is witnessing a twist, as some of the most trusted facilities are not available to them, while the available things are not seen as so much beneficial for. The banks are ready to disburse a particular amount to an individual for meeting his desire for a new car, but a security has to be pledged in most of the cases. So, the conclusion in this case says that, you have to struggle for a new car if you have already pledged your home or any other property for any other loan.

This is one main reason that the enthusiasm for personal loans is increasing among the loan seekers. The truth of higher APRs and interest rates is involved in this credit facility, but one has to remember that most of the institutions are ready to provide the same without taking any collateral from your side.

Within a months time, there are so many responsibilities which comes forward for the owner of a house, such as education fees, urgent medical bills and some existing bills, but a regular pay mostly falls low against all
these urgent requirements. However, the option of short term loans, where the repayment is done through the salary of next month’s salary, is provided in the financial world of Britain.

Therefore, the mass of earning individuals is recorded with the growing urge of availing these loans. However, the trouble of bad credit also prevails here. According to the new or changed guidelines, the struggle period exists for those who have defaulted on their repayment side in the past.

Nevertheless, the facilitators offering personal loans are mostly skipping out of these credit checks. So, the individuals here are having the advantage of fulfilling most of their regular requirements even if they stand with a bad credit score card.

Taking the topic further, the facility of personal loans is not only attracting the individuals earning their livelihood by serving as an employee in some company, but is also seen as beneficial for those who are willing to take their self employment on peak, as many business professionals is recent times are recorded for applying for personal loans, in order to enhance their business.

Hence, one can easily quote that, the financial world of the country might be losing the grip over some well known borrowings but personal loans will always keep it on top.

Go Green With Credit Card

Barclaycard are the latest company to offer a ‘green’ product to its growing ethically concerned customers who want to lower their carbon footprints. They have announced that their new eco-friendly credit card will be called ‘Breathe’. To ensure its green credentials the card is made from PETG which is the greener alternative to plastic. There will also be no paper statements, they will offer recycling for expired cards and all advertising for the ‘Breathe’ card will be done online. The card offers customers discounts and low rate borrowing when green products are bought. In addition to this Barclaycard will give 50% of after tax profits (estimated at 1 million in its first year) from the card to environmental projects that are dedicated to reducing carbon emissions.

Barclaycard have also recently, along with eight other market leaders – B&Q, British Gas, Marks & Spencer, Sky, Tesco, Royal & Sun Alliance and O2, launched a government backed campaign titled ‘We’re in this together’ which aims to help every UK household cut their carbon emissions by one tonne over the next three years.

Barclaycard isn’t the only lender to be catering to the growing demand for ethical borrowing. Virgin have also launched a green credit card and claim that they have ‘beaten’ Barclaycard in the green stakes because their card is ‘bio-degradable’ and they also promise not to just pay lip-service to the environment but offer on-going dedication to environmental issues. The Co-operative Bank is generally regarded as being the most ethical with all their financial services offering environmental incentives.

The growing popularity of green financial products is encouraging more people to consider an ethical approach to their finances. Not only are they looking at their own environmental positions but they are also showing concern at what their banks and financial companies are doing for the environment.

HBOS, the Abbey and the Yorkshire Building Society have both announced plans to introduce green financial products and you should expect many more credit card lenders following suit.