Archive for the ‘Loan Advances News’ Category

Dust Has Settled – What is the Financial Cost of the Aftermath?

Friday, August 12th, 2011

The financial implications of the aftermath of the riots in the England (there were no reported riots in Scotland, Wales and Ireland) could have devastating on many people. Short term loans such as quick payday loans and cash advances could be one way of securing funding quickly, but this may not be the solution for the majority of people that were affected by the nutcases running riot in many of England’s towns and cities. Payday loans are an effective means to source credit fast, but it is important to have the funds at the end of the month to repay the debt – unfortunately lots of the shopkeepers will not have the means to be able to make money to be able to repay a short term debt.
rio 300x156 Dust Has Settled   What is the Financial Cost of the Aftermath?

So, what options are there for post-apocalyptic English residents? Well, there has been announcements from some of the utility companies that they will freeze bills and mortgage companies have advised their customers to contact them if you are struggling to pay the debt. As with payday loans mortgages are a form of credit and it is correspondence with the lender that is key in any adverse circumstances – indeed, Loan Advances has a resources page that contains several links to free UK debt advice. For people who do not have home insurance there is even hope with Government backed resources being implemented to help with replacement items such as beds and furniture that has been destroyed by fire. The irresponsible behaviour of a minority if individuals has certainly had a massive impact on the lives of ordinary hard working people. It may take some time before the dust settles completely from the riots, but it is refreshing the police have not wasted anytime in rounding up some of the culprits with some 1500 arrests already made. Let’s hope the full force of the law is thrown at them and they never have the opportunity to wreak havoc ever again.

Rental Market Booming

Saturday, July 16th, 2011

A distinct lack of property in the UK has led to an increase in the rental market – Loan Advances researched this subject and found that the once stagnant house buy to let market has significantly risen which is now proving valuable for UK property magnates. Many people have now jumped on this gap in the market and returned to the buy to let market as this is now proving more financially viable then the 0.5% interest rates being offered on basic savings accounts nationwide.

Other countries, such as Germany have more people in let properties and some find it hard to understand why the UK is so determined to but their homes; they may in fact have a point as the majority of homeowners in the UK will ultimately lose their homes when it comes to retirement as the Government tries to pay for care costs for the elderly.

So, if you live in London and you want to rent, be prepared to pay inflated costs. If rent is difficult to find, payday loans or other unsecured loans may be relied upon to meet the costs and this is not an ideal situation. An alternative would be to look for work and living outside of the big smoke – property rental costs really are cheaper the further away from the city you live, and indeed, some would argue, the standard of living is also better.