People take loans for varying reasons like business, personal needs, holiday, education and many others reasons. Personal loans are considered to be the best way to secure money required for a these particular reason. Before taking up a loan, of Yahoo!7 says that one needs to ask himself the following questions. Continue reading
The recent data reveals that more than one trillion pounds has been lent by UK banks to citizens. This shows a very high increase in the indebtedness of the country. Sources from The Telegraph indicate that this is a raw data as the lending for SME is different in different parts of the country and the number can vary. The high street banks are blamed for helping only the affluent areas. Continue reading
It is always a hot question to ask whether to have stocks or bonds. A strong economy is always bad for bonds, according to Carla Fried of CNN Money. The long term interest rate rose up to 1.3 points in five months and the bond funds dropped for more than 4% in the same period. So, it is better to cut back on bonds, in 2014. Continue reading
At last, some good news and a definite silver lining in the horizon are evident. Coming out of the long struggle, foreclosure in the country have been at the lowest levels, over the past 7 years. Foreclosures include bank repossessions, default notices and auctions. The percentage of such foreclosures has also come down by 15% and in absolute terms, it is around 113,000 properties during the month of November 2013. The figures are as reported by Realty Trac, which is a reputed online marketer of properties. Continue reading
The men in uniform have a lot of troubles ahead them and their financial problems get added up to the list. The most common problem for them is the late bill payment and high interest rate for credit card debt bills, journalists at USA Today has stated. Continue reading
PwC survey claims 4% leap in personal loans in 2013 can be credited to reaction of sudden increase in educational costs limit. A borrowing explosion by students is accountable for the quick boost in unsecured client lending this year, based on an article from the accountancy agency PwC. Continue reading
It appears that the holiday sales so far this season haven’t lived up to the expectations of the retailers. The numbers that have been reported aren’t that encouraging. Some comparisons of numbers with historical data as well as the possible reasons for this situation are provided below. Continue reading
We are all too familiar with the service fees and charges that banks charge, from money orders, teller fees and ATM surcharges our savings institutions can be putting serious dents in our ability to budget and save. Let’s see if your bank is right for your budget. Continue reading
The non-students:
While the bulk of the 14% range of non-students aged 20-24 in Canada who are working only part-time — a historical high for this specific age class — desire they could possibly perform one full-time job, other new graduates are ready to get on several positions while they work in the direction of constructing a steady career journey. A latest TD Economics research observed this demographic might be much better off than all of us feel. Continue reading
The gold price in November has been the worst since 1978. The prices dropped about 5.5%, this month. The Gold ended its twelve year winning streak by closing in 2013, in a negative territory. According to the portfolio manager of Pacific Investment Management, the Bull Run, for gold, is over and it will soon be out of the people’s radar for investment. Continue reading