31 มกราคม 2552

Secured Loan - Ensure Low Rate Borrowings Without Hurdles

Author: Andrew Baker

If you are owner of a property then most of hurdles in availing a loan get eliminated, provided you are willing to offer the property as security of loan. Secured loan come with many advantages including low rate of interest and easy approval for bad credit people. You can take secured loan for any purpose like home improvements, buying a car, paying for wedding or holiday expenses or for debt consolidation.

Secured loan is approved against home or any of valuable property of the borrower. The main advantage of taking secured loans is lower interest rate attached with it. The lender will offer the loan at lower interest rate and if the credit history and repaying capacity of the borrower is good then the lender may slash the rate further for the deserving customer.

The loan amount approved as secured loan usually ranges from £5000 to £75000 depending on equity in the property placed as collateral. One advantage of secured loan is that it can be repaid in convenient duration of say 25 years though one can opt for shorter duration as well. So, monthly payment for the loan installments can be reduced easily on choosing larger duration.

Another huge advantage of secured loan is for bad credit people. As the property of such people is taken as security, the lender has negligible risks in offering secured loan. So, all borrowers having past bad credit history due to late payments, arrears, payment defaults or county court judgments etc can apply for secured loans without worrying about bad credit. However such borrowers may have to fork out higher interest rate on the loan. it would be wise to compare different lenders for availing secured loans at comparatively lower rate in case of bad credit.

There are number of lenders providing secured loans. Make sure to compare them for individual interest rates and terms-conditions. Pay off the loan installments in time so that your credit score improves. Timely repayment also will keep the lender away from selling your home for recovering the loan amount.

Andrew Baker has done his masters in finance from CPIT. He works for the loans Valley for any type cheap unsecured loan, UK secured loans,Secured loans,unsecured loans,secured debt consolidation loans,buy to let mortgage visit http://www.ukfinanceworld.co.uk/


Unsecured loans: A quick and risk-free option of borrowing money

Author: default@goarticles.com (C.carl)


It is always not necessary to pledge a property to take a loan. There are unsecured loans that you can take without pledging any property. So you can take this type of loan, no matter whether you have a property to offer as security for the loan or not. This type of loan remains to be the only favourable option of borrowing money for the tenants.

Homeowners in UK also find unsecured loans as a better alternative for the loans secured against a property. Since a home with sufficient equity in it is used as security for a loan in UK, homeowners find it risky to take a loan offering their home as collateral. So, they turn to unsecured loans to take out the amount of money they need while staying out of risk.

It will not be fair to say that tenants take unsecured loans only because they have no other favourable option of borrowing money available to them. Same will be the case with the homeowners if we say that they take unsecured loans only because it appears to be a risk free option of borrowing money. Unsecured loans have a lot more benefits to offer besides those mentioned above.

The other important benefits to be offered by unsecured loans are less documentation and quicker money delivery. As unsecured loan does not necessitate any collateral, it involves less documentation. The involvement of less paperwork makes the processing of unsecured loans simpler than other type of loans. Ultimately the borrower enjoys a quicker cash delivery.

The problem with unsecured loans is that they do not come with suitable rate always. This makes it necessary to explore the loan market extensively to find out an unsecured loan package with low rate and flexible terms.


About the Author

The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in Business Administration and is currently assisting onlineunsecured loans as a finance specialist. For more information please visit: http://www.online-unsecured-loans.co.uk/

Unsecured Loans: Borrow Without Giving Security

Author: Gracy Jain

In the absence of collateral, lenders can provide you unsecured loans quickly. This allows you to meet financial urgencies. At the same time, these loans involve minimum risk to the borrower. What more can a borrower want than these advantages. These benefits are more than enough to make unsecured loans popular among borrowers.

Let us delve at length. You get unsecured loans quickly because they do not involve the lengthy procedure of property valuation (very much associated with secured loans). The documentation also gets curtailed in the absence of collateral, again resulting in saving a lot of time. Even if a borrower makes any default in repayment, his property cannot be repossessed. The borrower is, however, liable for legal action as per the agreement and the laws applicable thereto.

To get the best deal, a prospective borrower can always shop around. In a broader sense, the more you borrow the lower will be the interest rate. Generally, the rate of interest in the case of unsecured loans varies from around 7 per cent to 20 per cent. It may go up or down in extreme situations. These days, you do not always need to go to a traditional bank or a building society. Many private lenders offer online loan deals at competitive rates. But you should be careful when comparing different financial products, as lenders calculate the annual percentage rate (APR) in different ways. So, make sure that you compare like with like. Ignore the monthly interest rates as advertised by shops - these are always lower than the annual rates and can mislead you.

As far as tenants are concerned, unsecured loans are the only option available to them. However, some homeowners want to play safe and prefer such loans, as they do not want to provide security to the lender.

The authoress is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. She has done her masters in Business Administration and is currently assisting UK-Direct-Loans as a finance specialist.

Is The Interest Rate A Clear Indicator Of Your Cost Of Borrowing?

Author: Susan Chen

Are you considering taking out a loan for some extra cash flow? If you are, then the most important aspect of getting a loan is to calculate the interest rate. The lower the interest rate then obviously the lower the cost of borrowing.

Other than the level of interest rate that you have to consider at the time of taking out a loan, there are other issues for you to consider:

Thoroughly Research Interest Rates Offered By Credit Institutions

Before taking out a loan keep yourself up to date about current market and economic trends and indicators. You should know what the current interest rate is as well as how the rate is fluctuating and moving. There is a close link between the direction the interest rate is headed and the activities on Wall Street. If you keep constant tab on the interest rate trends prior to getting a loan you will be more likely to anticipate when the rate falls and to nab a good deal from the loan provider. However while doing your research, take into consideration both today's rate and also the rate trends over the past thirty days.

APR - Clearer Indicator Of Cost Of Borrowing

Often gullible customers are swayed easily by the lure of unbelievably low rate of interest. But you should not decide on a loan package just based on its low interest rate, as there are many hidden costs. You also need to take note of the Annual Percentage Rate or APR for short which tells you the measure of the effective interest rate that has to be paid on a loan, taking into consideration other fees and standardizing the way the rate is expressed. In other words, APR tells you the total cost of borrowing. The APR makes it easier to compare lenders and loan options to understand the comparative benefit of different loan products. The APR is a more accurate reflection of the true cost of the loan that the borrower has to bear. It is expressed in the form of a per-annum rate. APR helps you realize that there are many more fees and costs hidden behind the sometimes misleading interest rate figure that appears in the advertisements of the credit institutions.

Discuss With Your Lender

No matter what the purpose of your loan application is, you have to go through a pre-qualification round meeting with a representative from your preferred lending company. This will give you a clearer picture of the loan amount you can qualify for and the corresponding interest rate you have to pay for that. This will help you in your decision making process.

Lock Interest Rate

Processing of the loan takes some time. But rate lock is a facility commonly provided by most of the institutions in the loan industry. This ensures that you will be charged at the interest rate and number of points at the time you took out the loan, while your loan application is being processed. Some lenders are generous enough to let you lock in the interest rate and number of points right from the time you file your application.


About the Author:

Looking for the lowest Interest Rates? Go to GoodInterestRates.info for the best rate of interest.

28 มกราคม 2552

Borrowings through Unsecured Loans for Poor Credit Made Easy

Author: default@goarticles.com (Elizabeth Swann)


People with poor credit may have to undergo a tougher situation where they being full of risks, lenders may refuge the much required loan. The risk for lenders goes manifolds if no concrete security is offered to the lenders. Usually tenants or non-homeowners have to counter such hardships in taking a loan. But here is an especially designed unsecured loan for poor credit that makes the access to finances look easier. Use unsecured loans for poor credit for clearing medical or educational bills, pay for a holiday tour or pay off smaller debts and so on.

Poor credit is surely a risky affair for any lender. In offering unsecured loans for poor credit however lenders have ways to cut risks. They look into repayment capacity of the applicant. Poor credit does not mean that the borrower has no intentions to pay off the loan. So your present annual income matters most for the lender. Prove it and the loan is in your pocket. Employment proof and bank statements are other requirements to be fulfilled for applying for the loan.

Poor credit means on FICO credit score scale of 300 to 850, your credit score is way below 580. Prior to approaching a lender, take a copy of your credit score from reputed credit rating agency and see if the facts in the report are accurate. Inaccurate facts may have decreased credit score to some extent.

Collateral is no at all required for taking unsecured loans for poor credit. This however escalates risks of the lenders. He therefore charges a higher interest rate on unsecured loans for poor credit. But still a competitive lower interest rate is possible if different lenders are compared. One can borrow a smaller amount under unsecured loans for poor credit. Repayment capacity and overall financial standings determine the borrowings mostly. Unsecured loans for poor credit can be had only for shorter repayment duration ranging up to few years. But tenants anyway can repay the smaller loan in shorter duration.

Online lenders are considered as best source of unsecured loans for poor credit. You can even find the lenders who have vast experience in loan offers to poor credit people. Applying to a online lenders is a easy process. The online application requires some basic details like borrowed amount and repayment duration etc to be filled. The online lenders approve the loan in a day or two for instant access of the loan to the applicant.

Unsecured loans for poor credit are comparatively easy source of much needed finance for tenants or non-home owners. Make sure to utilize the loan in a beneficial way and pay off the installments regularly for escaping debts.

About the Author

Elizabeth Swann is currently working as an expert author for instantdecisionunsecuredloan.For more details Low cost unsecured loans, Unsecured Loans for UK Tenants, Unsecured loans for poor credit, Online personal unsecured loans, Unsecured Loans Tenants, Small Personal Unsecured Loans visit http://www.instantdecisionunsecuredloan.co.uk

Bad Debt Personal Loans - Easy Money for Debt Ridden Borrowers

Author: Tim Kelly


If you have debt that you now find very hard to clear, still there is no problem you would be facing as far as availing a loan is concerned. Bad debt in these days is not at all considered a big hurdle in convincing lenders. There are lenders now who are providing bad debt personal loans to bad debt people. Bad debt personal loans are especially designed considering that people tend to incur bad debt for different reasons. You can utilize bad debt personal loan for various personal purposes like home improvement, paying for medical, wedding and educational expenses, enjoying holiday tour or clearing debts.

As a debt ridden borrower, your first and foremost concern is interest rate. Bad debt personal loans are available at lower interest rate. But for that you should place any of your property like home or automobile as collateral with the lender. Once the security is in place, the lender is willing to offer greater amount at lower interest rate. On comparing different lenders you can even avail a reduced rate of interest. The loan amount under secured bad debt personal loans depends on equity in collateral and repaying capacity of the applicant. Usually a loan of £5000 to £75000 is what lenders are willing to offer. Secured bad debt personal loans can be repaid conveniently in 5 to 30 years. So you can save money by reducing monthly payment towards installments if larger repayment duration is your choice.

If you are a tenant or non-homeowner, unsecured bad debt personal loans are best suited. No collateral is required for unsecured bad debt personal loan and instead for assuring timely return of the loan amount, lender will look into your repaying capacity represented by your annual income and financial standing. However unsecured bad debt personal loan is a bit costly as lenders tend to charge higher interest rate for covering risks. The loan amount is kept smaller and repayment duration is shorter again due to risk factors. Take a copy of your credit report and check it for inaccuracies before approaching to a lender.

It is advisable that you compare as many bad debt personal loans providers on their websites for individual interest rates and terms-conditions. Apply to suitable lender online for a cost free processing and faster approval.

One can say that for debt ridden people bad debt personal loans are very useful. If the loan installments are paid in timely manner, your credit score also gets improved.

About the Author

Tim Kelly is an expert in finance having completed her LLM in Finance (Master of Laws in Finance) from Institute for Law and Finance at Frankfurt University. To find Bad debt personal loans, Unsecured tenant loans, Bad debt unsecured loans, Online unsecured loans in UK that best site's you need visit http://www.baddebtunsecuredloan.co.uk

How to Borrow Personal Payday Loan Online

Author: Al Falaq Arsendatama

Did you ever wonder how to borrow personal payday loan online when you needed cash badly. A cash shortage could be a result of a medical emergency, a birth, death or a wedding in the family, an unprecedented lawsuit that may require you to hire an attorney, a speeding ticket, festive seasons when you need extra cash, repairs of machinery, maintenance of a car breakdown, or any other reason.

Some people who work hard but earn a pittance need that extra money to pay for basic needs such as providing food for their children, some people need extra cash to buy an object of desire, some to indulge their family on a much-needed vacation, some use it to fund their vices, the reasons are numerous. The end result being the same, need for some extra funds immediately.

Borrowing a Personal Payday Loan Online

Once you learn how to borrow personal payday loan online you may find that it is by far the most convenient method. From the comfort of your home you may log online and do some research to find a company that offers the best terms on a payday loan. The rates and benefits differ from one firm to another but they basically charge $15 to $20 for each $100 which has to be repaid by 14 days. There are certain criterion such as being above 18 years of age, having a regular job, and a valid checking account. If you had filed for bankruptcy within the last year, you may not qualify for a personal payday loan online.

You have to provide certain other details such as name, address, phone number, job details etc. to personal payday loan online. All the information you provide will be verified as soon as possible which can be within 30 seconds or more and the firm notifies you about the status of your application via email or a phone call. The funds will be transferred into the customer's checking account electronically within a few hours, maximum within a day. Customers have various payment options to choose from, they may pay off the loan in full on the due date; choose to pay off before the due date; or extend the loan for a fee. The customers may choose to have the loan amount plus charge withdrawn electronically on the due date or choose an alternate payment method.

Your Details are Kept Confidential

Customers need have no fears about submitting confidential information online as the connections are secure and hacker proof. The impersonal nature of obtaining a loan, no credit checks and no paperwork are other factors that add to the convenience. So, do not wonder how to borrow personal payday loan online, the next time you need cash urgently, try applying for one immediately.

You can borrow a payday loan online from cash until payday companies. The approval process is very quick with one hour money transfer payday loans. If you are in Canada you can apply for a payday loan here.

Unsecured Loans-Loan For Any Borrower

Author: Erika Anaya

An unsecured loan is that loan which does not require the borrower to put up any asset against which the loan amount is dispensed. Unsecured loans generally have a higher rate of interest than secured loans. This has got to do with the fact that there is no collateral in place for an unsecured loan. In case of a repayment default from the borrower, the lender has no real way of getting the money back. Of course, there is always the option of the court and the Charging Order, through which a borrower is forced to put up collateral in case the court decides in the lender’s favour. Still, lenders try to stay away from the hassles of the legal system.

Another advantage with an unsecured loan is the lack of paperwork and documentation that usually accompanies secured loans. Also, there is no real need for property valuation. This facilitates quicker processing of the loan.

Generally speaking, there is a greater chance of getting an unsecured loan than a secured loan. This is a debatable premise though. Lenders on the face of it are at far less risk giving away secured loans. The collateral in that option is ready liquidity in case of a customer default. Still, there is more than a valid argument to suggest that unsecured loans are the most availed of all loans, because it caters to the average citizen. And many are not looking at long term repayment; they are looking at borrowing short-term.

One can avail unsecured loans from the trusted banks and building societies. Or, for greater expediency, there are the alternatives of private lenders and the Internet. The online option, in particular, offers a host of choices for the borrower. Not only choices, but it provides convenience as well.

Still, one should approach the lenders with a bit of caution. Prior research work would go a long way in availing the best unsecured loans deal.

About the Author: The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. She has done masters in Business Administration and is currently assisting online-unsecured-loans as a finance specialist. For more information about unsecured loan please visit at http://www.online-unsecured-loans.co.uk

Designer handbag borrow or buy buy the purse of your dreams

Author: An Article by Anna Miller


Copyright February 2006 By Anna Miller http://www.eFashionHouse.com

Designers must be jumping for joy to experience the craze purses have produced these days. Women will go to great lengths to carry a famous Designer Handbag. Its so very important businesses have popped up in every shape and form catering to this market niche.

Thankful for the Internets global exposure entrepreneurs reach people in all parts of the world looking for a new designer purse. Handbags in every price range are available to rent or purchase online. To those of you who aren't in the handbag circles paying $5000 for a pre owned Hermes handbag is no shock to those of us in the know!

There are authentic designer purses and counterfeit faux with hefty price tags resembling the real bags. So be careful not to fall prey to a fake unless of course, that's what you are in the market to purchase. Some of the counterfeits are so closely matched to the authentic handbags it takes an expert to know the difference. Prior to making a high priced handbag purchase visit a Discount Designer Handbag Blog for guidance. The one many people consult prior to making a purchase is located at ValueBags.com. You can email the Blog owner and receive a prompt reply. Be safe, not sorry.

So whether you are in the market for a quality designer valuebag priced under $100 or you are planning to buy your next $5000 Hermes handbag the internet is available to conduct thorough research prior to the purchase.

Wait! There are many purchase options. Websites offer consumers the opportunity to purchase a new bag put your bag on a layaway plan or borrow the bag instead of owning it. Personally the thought of borrowing a purse rubs me the wrong way. My head immediately starts asking questions. Who carried it last? What was inside it? Where had it been? You know all those weird thoughts about sanitation and germs!

Dont laugh. You remember when you were a child and your mom told you not to touch anything when you were in a public restroom. Well think about it. A purse is a very important part of your personal equipment. Hey! I've even carried my Maltese in my purse. But he is my mutt so it is OK.

So borrowing a designer handbag regardless of the cost just doesn't feel comfortable. However owning my own designer purse regardless of the cost is the price I am willing to pay for the tastes I have grown accustomed. There's nothing wrong with bargain hunting and finding the best bag for the best price. There are several places to shop both online and off. When was the last time you went shopping and didnt find a sale, bargain or clearance event?

Please dont take my opinion the wrong way. If you dont mind carrying a purse after a stranger has used it, thats your decision to make not mine. I like knowing the black Prada backpack I need to use when I travel is carefully stored in its sleeper bag in the closet waiting for my next trip. To allow the sharing my Vintage Gucci JackieO with a person I never met is unlikely. The same is true for my prized Hermes Birkin and Kelly bags. Could you imagine anyone else using your favorite purse? I'm so attached to most of my high end designer handbags they've become an integral part of my personal insignia.

So, heres my final word of advice to all the designer handbag addicts. Save your money and invest in the bag of your dreams. If next year its no longer something you want to keep around, sell it, and buy another! Theres websites where you can recycle pre-owned authentic designer handbags.

Shop around. Buy authentic designer products, and enjoy them for a long time. Care for your bag babies and properly store them when they are not being used. Its very rare for a hot style to fall short in longevity. Look at the famous Fendi Baguette. Its still a hot little number and has been on the arms of the rich and not so famous for about ten years.

Designer handbags are the rage. Yes, its so true. You can buy a pair of jeans at the Gap for $60 and wear them carrying your $5000 Hermes. Now, doesn't that sound more appealing than renting a purse? Think twice about membership fees adding up to the cost of a designer purse. Save your money and buy yourself that new Prada, Fendi, Gucci or Hermes. You'll be very glad you did.

About the Author

About the author. Anna Miller is the President of iGlobalMall.com, Inc. She has been buying and selling Designer Handbags and purses of all price ranges online for over ten years. She's been around the handbag block, and she's heard and seen it all! Anna operates an ecommerce site at http://www.eFashionHouse.com. There, she sells guaranteed authentic or your money back Designer Handbags and Accessories. You can reach her at Anna@eFashionHouse

Benefits of Secured Loans - Comes as Freebie for the Borrowers

Author: An Article by Aldrich Chappel


It is often seen that as years pass, newer alternatives of older things crop up while the older things fall into oblivion. Secured loans however have withstood competition from a whole range of financial products such as unsecured loans. Unsecured loan lenders tried to deflect borrowers from secured loans by showing them that there home was at increased risk if they took the loan. But, the borrowers who were loyal to secured loans and who knew that secured loan was not as being presented by some others, didn't move a bit from their choice. Accordingly, secured loans continue to maintain their turf even after years.

Do you know the reason behind borrowers' insistence to use secured loans? Secured loans help borrowers enjoy a large number of benefits. And borrowers are not ready to give up these benefits by not taking secured loans.

Before going towards the benefits of secured loans, it will be relevant if we discussed about secured loans first. A secured loan is one where amount is lent to the borrower with a pledge that he will repay the loan after a specified period. To give more teeth to the lender, the borrower will have to present certain collateral.

The list of benefits of secured loans to borrowers is endless. Apart from the standard benefits, there are several benefits that will depend on the case particulars. However, we will only talk of the standard benefits of secured loans in this article.

The very first benefit of secured loans is the cheap rate of interest. After mortgage, secured loans charge the lowest rates of interest in the personal finance category. Typical APR on secured loan ranges from 6-25%. Almost all other financial products charge a greater percentage as interest. Many borrowers question the differences between the rates advertised and the actual rates that they have to pay. There may be several reasons for these differences. The rates of interest or APR advertised is the standard rate of interest. However, depending on the value of collateral, borrower's credit status and several other factors, borrower may not be offered the standard rate. The differences in interest rate may also result because of the delay in accepting the offer. Until borrower accepts offer of loan, interest rate in the entire market changes. The borrower cannot then demand interest on the rate earlier offered.

Another important advantage of secured loans is that borrowers can draw as much of cash as they want. Compare the situation with unsecured loans and you find loan providers cautious in approving loans of higher values. There is always the fear for the non payment of the lent amount. In the case of secured loans, the loan provider is free of any such fears. Thus, borrowers have to just name the figure and the loan is ready.

The discussion about the benefits of secured loans will be incomplete without taking up the issue of easy availability. All financial products are not as easily available as secured loans. It is because of the relative safety that secured loan deals promise to the lender, that no lender will deny these loans to borrowers. Go to any loan provider and you will find secured loan deals

Secured loans are to be used for a diverse range of personal needs. The benefit of secured loan is that it can be fine-tuned to any use. Whether it is debt consolidation or undertaking improvements in ones home, secured loans work as smoothly as ones own cash. The borrower receives the loan proceeds and it is up to him how he uses them. There is a flexibility of use in secured loans. Lenders do not interrupt in the manner of use of the secured loan.

The benefits of secured loans can be best enjoyed when the borrower has adequately prepared for its amortisation. Would one be able to appreciate the low rates of interest when the asset pledged as collateral is being repossessed by lender? No! Therefore, preparations for the repayment of the secured loan from the first day itself. Either make a monthly payment to the loan provider or discuss an alternative arrangement with the lender. Choose the method of repayment that best suits you and then clear the burden as soon as possible.

About the Author

Aldrich Chappel has been associated with get-secured-loans,since its inception.Having completed his Masters in Finance from Lancaster University Management School,he undertook to provide useful advice through his articles that have been found very useful by the residents of the UK.To Find Secured loans,loans for homeowners,best secured loans UK visit http://www.get-secured-loans.co.uk

Bad Debt Remortgage: Best for Borrowers Looking for Cheap Rates

Author: Turk Malloy

A debtor always makes constant efforts to look for a better and affordable deal for a debt free future. A good deal would be the deal that would suit the borrower’s financial situation in a better way. This can be done using bad debt remortgage. Bad debt remortgage is primarily taken to lower down the interest rate either by going in for new loan from a different lender or by availing the same loan again on low interest rates by the same lender.

The term “remortgage” means mortgage used to pay off previous mortgage by availing new mortgage using the same property as collateral. Bad debt remortgage is defined as the remortgage for all borrowers having bad credit attached to their financial status.

Bad debt remortgage helps in improving the credit score of all bad credit borrowers. Borrowers having debts because of non payment of dues or missed payment can avail bad debt remortgage to remortgage their loan to consolidate them to a more flexible and affordable loan.

There are numerous advantages that are offered to debtors availing bad debt remortgage. Various purposes for which debtors goes in for a remortgage are as follows:

• Debtors avail bad debt remortgage to get lower interest rates against their aggregated debts as compared to previously interest rates.

• Debtors end up paying much less monthly cash outgoings as compared to their previously payments.

• Debtors can then utilize his saved money to pay off their previous unpaid debts.

Bad debt remortgage can be availed through online source. There are many lenders which offer bad debt remortgage at low interest rates and on flexible repayments online. It is however advisable for all bad credit borrowers to research properly using internet to find in the best suited deal for him. Borrowers can even look in for different quotes by different lenders before finalizing a particular lender.

Due to these advantages the popularity graph of bad debt remortgage has climbed high. More and more debtors are going in for remortgage to get rid of their multiple debts at low interest rate.

Turk Malloy works as financial advisor in Bad Debt Remortgage. He is offering loan advice for quite some time. To know more about remortgage quote, remortgage quotes, remortgage quotes UK, problem remortgage, adverse remortgage visit http://www.baddebtremortgage.net


Cheap Car Loans - Buy Car Through Burden Less Borrowings

Author: Julia Russell

When you approach a lender in order to take a loan for buying a car, your foremost concern remains that the loan must not be a burden on your limited financial sources. You do not want the loan a repayment burden at all. Well, cheap car loans are designed mainly for this concern into account. Cheap car loans are meant for providing a low rate and cost loan for every borrower, buying new or used car of any make.

In order to avail cheap car loans you should preferably offer security to the lender. Your home, any valuable property or even the very car you intend to buy can serve the purpose of security. On taking the property the lender has no worries about safe return of the loan amount and so he does not have to spend on covering the risks. This results in lot of saving for the lender and so for competing in the loan market the lender reduces interest rate. And if equity in property placed as security, is greater and you borrow smaller amount then chances are that the lender is more than willing to reduce further rate of interest.

Another way to cheap car loans is your good credit history. Lenders feel more secured in lending money to such borrowers who have clean history of paying loans in time. To win such a customer, cheap car loans are readily offered at low rate.

However in these days of intense competition amongst the car loan lenders, even bad credit people with late payments, arrears, payment defaults etc are also being offered cheap car loans. Interest rate, obviously, will be higher but still if the borrower has good repaying capability backed by annual income and bank statements, then lenders may offer comparatively lower rate on the loan. Compare different lenders and you will surely locate a suitable deal despite your bad credit.

These are the basic aspects of cheap car loans that you must keep in mind before applying for the loan. Ensure timely payments towards the loan installments for avoiding debt.

Julia Russell works as an executive in financial department for Cheap Car Loans. To gain more information about Cheap Car Loans, bad credit car loans, cheap car loans uk, cheap used car loan, cheap online car loans, cheap new car loans visit http://www.cheapcarloans.org.uk/

Borrowed Words

Author: default@goarticles.com (Gabriel Rise)


With well over 600 000 words, English has a largest vocabulary than any other language - but many of these words have been 'borrowed' from other languages.

For those of us growing up in the 1970's and early 80's, words such as AIDS, VCR, e-mail, rollerblade, internet, website, and globalization may have had little or no meaning. Those growing up in the 1940's and 50's were witness to the same type of new-word explosion that occurred after the invention of plastic. New technologies, clever inventions, new diseases, continuing social problems, global communication networks, along with grammatical ways to be discussed later in this report, are some of the major reasons we find ourselves adding more new words to our spoken languages than ever before.

Word borrowing: 'When speakers imitate a word from a foreign language and at least partly adapt it in sound or grammar to their native speech ways, the process is known as borrowing, and the word thus borrowed is a loanword'. In all of the world's languages, English, especially, has borrowed countless words from other languages.

Popular loanwords can be described as the loanwords that we use in our everyday communication. It's interesting to note that many people take for granted the words they use in everyday conversation and are unaware that many of the daily vocabulary they use are popular loanwords from other languages. Common words such as kindergarten, hamster, hamburger, wiener, and frankfurter for example, are all loanwords that made their way via Germany at one time or another. This phenomenon is clearly visible in the Japanese language as loanwords, primarily from English, are seemingly exponentially growing in number. Words such as 'biru' (building), 'biiru (beer), 'kohi' (coffee), 'sekuhara'(sexual harassment), and 'supoon' (spoon) are just a few examples of the number of popular loan words that have become part of the Japanese vocabulary and have replaced actual Japanese words. As generally stated before, many Japanese have no idea that many of the words they use in daily life come from English. 'Anyone knows that an average Japanese rice farmer would have extreme difficulty communicating if suddenly confronted with a native English speaker. This is despite the fact that the rice farmer's native Japanese is chock full of English, to the tune of 20,000 or so words added over the years or almost 10 percent of the Japanese language'.

Contrary to this fact however, some Japanese who are aware of the foreign flavor of the words they use automatically assume that the word's origin is English as opposed to coming from other foreign languages. ESL students speaking of their 'part-time job' for example, often refer to this type of employment as 'arubaito'. Most naturally assume arubaito is an English word and insert it into English sentences, not realizing it is derived from the German word 'arbeit', meaning part-time job.

In reference to Japanese loanwords and in many other cases, it may not be so difficult to trace the source of the loanword's original language (usually English) since Japanese uses separate writing systems (katakana or romanji) in writing most of it's loan words. However, successfully tracing a Japanese loanword to English may only be the first step in a long journey through history, since the origin of the English word in question may have many historical roots of its own. 'The history of a loanword may be quite complex because such words have often passed through a series of languages before reaching English. For example, chess was borrowed from Old English in the thirteenth century. The old French word (pl. esches, sing. eschec) was, in turn, a normal development of the Medieval Latin form scaccus, borrowed from Arabic, which had earlier borrowed it from Persian shah 'king'. Thus the etymology of the word reaches from Persian, through Arabic, Latin, and Old French, to English.'

As for the reasons loanwords enter a language, they range historically from ways such as the conquering of one country by another, occupation, trade, global media, and immigration. North American English (namely American and Canadian English) may be the most open to loanwords in comparison to other countries. Canada and America being countries founded on the basis of immigration, their populations include peoples from many of the common languages of the world. H.L. Mencken mentions, The American Language, the following quote: 'Constant familiarity with such immigrants from foreign countries and with the general speech habits of foreign peoples has made Americans a good deal more hospitable to loan-words than English, even in the absence of special pressure. Let the same word knock at the gates of the two languages, and American will admit it more readily, and give it at once a wider and more intimate currency'.

This is an interesting comparison since a similar comparison could be made of Japanese and Chinese. As stated previously, Japanese had a separate writing system for writing loanword used in Japanese language. Japan, being a country defeated by America in WWII, has become wide open in the adoption of English loanwords. Chinese, on the contrary, may be less enthusiastic about accepting loanwords into the language as the country remains conservative in its openness to the world and prefers to use Chinese language & characters in reference to foreign entities (with the exception of country names, brand names and the names of people).

The French-Canadian province of Quebec, in interest of the preservation of its French heritage and language, also promotes the use of French to its French residents. 'August 26, 1977 saw the birth of Bill 101, an openly discriminatory law enacted by the Province's first separatist government, which took away the right to freedom of speech from its citizens. Under the law, tighter restrictions on the use of English were introduced, as well as access to English schools. It became against the law to produce any commercial sign that wasn't in French-only, and the law aimed to make French the language of the workplace.'

The advantages and disadvantages to such ideas of language preservation maybe cloudy, but such laws will ensure the consistency and longevity of a language (as well as heritage). Viewing Japan as a non-Japanese, it is my personal opinion that it would be in the best interest of the country to adopt such policies as it seems that the language is consistently evolving into a sub-variety of English and as a result, the younger generation are quickly ignoring their heritage and contributing to an uncertain future for Japanese language and traditions.

Affixing: It is evident that many of the words in the English language have come via foreign languages as loanwords. As stated in the previous section, loanwords comprise nearly ten percent of the Japanese language. However, aside from the borrowing of foreign words, there is also the grammatical aspect of word formation. 'The most productive source of new words is affixing, which accounts for 30 to 34 percent of the innovations in recent English'

Affixing can be defined as the adding of prefixes, circumfixes (non-English), infixes (non-English), and suffixes to words to form new words. Motives for affixing in language range from forming negatives (clear/unclear), changing the tenses of verbs (walk/walked), pluralizing (jacket/jackets), and changing adjectives to verbs (plural/pluralize).

It is interesting how we incorporate affixes to everyday speech. Our knowledge of the morphemes in our language allows us to interpret new words even if there is no previous reference to the new word. In everyday conversation, we construct new words through the use of affixing literally 'off the top of our heads'.

Although one would never find such a word in an English dictionary, affixed words, as such, find their way into the English lexicon through natural grammatical construction as well as conversational situations as shown in the Seinfeld example.

Compounding: 'Affixing is closely followed by compounding which comprises 28 to 30% of new words entering the English Language'

Compound words can be simply defined as 'a word composed of two words: i.e. dishcloth.)As pointed out by Fromkin, Blair, & Collins, there are a few simple rules that English compounding follow: When compound words are formed from two words from the same grammatical category, the compound will assume the same category. (ie. Noun + Noun =Noun). Examples of compounds that follow this formula include baseball, suitcase, and ceiling-fan. Other such formulas include (Adjective + Adjective = Adjective). Words following this formula include 'icy-cold, red-hot, and worldly-wise' Compound words that are formed from two words from different grammatical categories assume the category of the word appearing finally in the word. (ie. Noun + Adjective = Adjective). Words following this rule include 'lifelong, watertight and headstrong'

Finally, compounds formed with a preposition are in the category of the non-prepositional part of the compound: overtake, hanger-on, undertake, afterbirth, downfall, uplift'. The phenomenon of compounding is essentially limitless in the creation of new words in the English language. A compound may be used in any grammatical function: noun (wishbone), pronoun (anyone), adjective (foolproof), adverb (overhead), verb (overtake), conjunction (whenever), or preposition (without)'.).

Shifting the use of already existing words: 'The next most productive process (in the acquisition of new words to the English language) is shifting the use of already existing words; it accounts for 26 to 14 percent of the new items'

'Shifting' (or 'conversion') could be described as changing the function of a word (such changing a noun to a verb or vice versa) without changing the word itself (i.e. the spelling). This phenomenon can be seen in the words that describe parts of the body. 'One may head to a meeting, elbow one's way through a crowd, or hand in one's papers.'

The four ways in which words enter language discussed in this report are arguably the most productive methods. However, there are other, less productive ways discussed below that are worth mentioning:

Acronyms: Acronyms are words that are created from the initials of the words in the original phrase. The most popular examples in English today are: AIDS (Acquired Immune Deficiency Syndrome), CD (compact disk), VCR (Video Cassette Recorder), and the Japanese loanword; 'peto bottoru' (polyethylene terraphthallate bottle).

Back-formation: Words created in this fashion could be described as words that have lost an affix in the derivation of a new word. Examples include: (television - televise).

Blending: This describes the way that two words are 'blended' together to form one word. In creating the new word via this process, the two words lose certain sounds in the creation of the new word. Examples of Japanese loanwords that have been blended include: pahsocon (personal computer), alumihoil (aluminum foil), and waishatsu (white shirt).

Shortening/Clipping: Words are created in this fashion when multi-syllabic words are shortened and the new words become part of the language's lexicon. Examples include: (refrigerator - fridge).

Words from Names & Word Coinage: These words are usually derived from the names of the people or organizations that invented or coined the correlating entities. Examples include: sandwich (named after The Earl of Sandwich), Rollerblade (the name of the company that first produced in-line skates) and Xerox (name of the company that invented the photocopier).

The varieties of ways words enter language have just been discussed, some in more detail than others. The initial four ways discussed following the introduction (word borrowing, affixing, compounding, and shifting) are arguably the most common ways words enter the English language as well as other commonly used languages throughout the world. The transformation of language over time through the production of new words is an interesting phenomenon indeed. As shown via the examples of the changes Japanese is going through, it makes one wonder to what state the language will end up after a few hundred years of language evolution. Only time will tell, but it is truly fascinating to be witness to such changes taking place in as time moves on.

About the Author

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27 มกราคม 2552

How To Borrow Money Quickly And Without Any Collateral

Author: Eric Hector

A collateral-free borrowing means that you do not have to give any security to the lender. The benefits are manifold. Quick loan processing, no risk of repossession and an amount that may extend up to £25,000, marks the benefits of a collateral-free loan.

Collateral-free loan or an unsecured loan involves a higher rate of interest than that applicable to secured loans. The reason is the higher risk that lender has to assume in the absence of collateral.

Despite a high interest rate, an unsecured loan has a lot of following; for many people prefer a collateral-free loan. This helps people in avoiding the risk of repossession. It means that your assets are safe and cannot be repossessed by the lender – even if you fail to make good the repayment of your loan. However, the lender can initiate legal proceedings against you for non-repayment of the loan amount. You may be held liable as per the terms and conditions of loan agreement.

An unsecured loan is appropriate in the following circumstances:

  • Loan range: You can apply for an unsecured loan for as small as £500. The loan amount may however extend up to £25,000 depending upon your income and credit history.
  • Short term requirements: If you need money for a period up to 8-10 years, then unsecured loans may help you. For longer periods, you should opt for secured type of loans.
  • Tenants: If you are a tenant residing in the UK, you can apply for an unsecured loan. You must also be of competent age to enter into a loan agreement.


Unsecured loans are available throughout the entire loan market. You can also apply online for your unsecured loan. For this purpose, many lenders require you to fill an online application form and submit your details. Thereafter, the lender will process your application and come up with some loan plans that meet your maximum requirements. You can choose amongst the loan plans or may altogether discard them and proceed with a new lender.

The author is a financial expert in leading lending institute, currently assisting Longdog Finance to compare loans for their clients, writes imperative articles on Secured Loans & Holiday Loans. Please visit for more information on related products: http://www.longdogfinance.co.uk

Do Personal Credit Scores Affect Your Ability to Borrow Money?

Author: Jack Igan

You Should Know Something About Your Personal Credit Score and understand how a low personal score can affect your ability to secure a credit loan.

The prospect of applying for credit unnerves many people unnecessarily. Just be truthful when you answer the questions and you should not have any problems. In our everyday lives we fill out "applications" rather frequently. Aside from the more obscure employment application we fill out more familiar forms for people several times a week. At least I do.

I spend a lot of time on my computer and the Internet and I am always requesting information. Usually they require your name, password, username, but quite often they will ask for additional information such as your address, date of birth, telephone number. Try requesting a telephone or cable service or posting a certified letter with a return receipt without first filling out a form.

The day you are born you get a birth certificate and a social security number; both follow you for life. Everytime you do a search on Google a record is made and saved in a database somewhere in California. This record includes information from your computer so they can trace that search right back to you and your house or your office.

So, by the time you get around to requesting credit, you are already in one or more databases and your personal information is usually available to anyone who wants to buy it. Everyone already knows who you are. So breathe easy and just go ahead and fill in the form.

What does this have to do with credit scoring and how does it affect me? All I want to do is buy a new (fill in the blank) .

Any company that is in the business of lending money to its customers has to know with reasonable certainty that the borrower will pay it back. Credit risk is the name of the game but managing that risk is a science and a skill combined.

If any company makes it a practice to take unnecessary risks by approving bad loans it increases the likelihood they will loose money. If that same company only extends credit to no-risk or prime risk borrowers they will ignore a sizeable group of hard working, honest, and responsible people who need credit. This group will fall somewhere between the high risk groups and the low risk groups but represents an enormous amount of profitable business. Not working with this 'average' group will cost any lender a sizeable amount of business income and opportunities for commensurate profits.

To help make it more profitable for companies to work with these borrowers a system of credit scoring was developed about twenty-five years ago in an attempt to forecast an assumed credit reliability model against which any single person applying for credit would be rated. Basically, whenever you buy anything on time, that purchase and your record of repayments is recorded in a database under your name and social security number. These records are constantly updated each time you make additional credit purchases or repayments on a loan.

Your personal credit score is a fluctuating number based on your individual record of prompt on-time payments to satisfy your loans, the number and amounts of loans you have made, the number and amounts of your current outstanding loans, and how quickly or how slowly you have lived up to your obligations to repay each of those loans, your total debt, how detailed you credit history is, information found in public records, and other factors.

Opening a new account or making a payment could operate to change your score. Your information is categorized, sorted, and analyzed against previously created statistical credit models. The result of all of these reports and comparisons represents a predictive analysis of your credit worthiness, or your personal credit score.

The major credit reporting agencies are using a recently consolidated scoring system called FICO, developed by The Fair Isaac Corporation. Experian uses a proprietary version of FICO called "The Vantage System". Vantage has a scoring range from "501 to 990". The older FICO system has a range of scoring from "300 to 850". In a nutshell, the higher you're score, the lower your risk, and all other things being equal. The problem here is that all things are not equal.

Interpretation of the results is pretty much up to the lender and it is hard to get a consensus on what is an average score. Not all credit companies interpret the available information in exactly the same manner. Suze Ormand, a CNBC financial guru and television personality quotes "703" as an average FICO credit score. A personal loan credit score of 500 would probably place you at the lower end of the scale.

Your credit score affects every aspect of your financial life. Your ability to repay a loan and the probability or your repaying that loan are the highest considerations for any lender and he uses your personal credit score to determine your credit worthiness.

It is a paradox that the major credit reporting companies all use the same credit scoring models or a proprietary version but none are all that willing to tell you what threshold, or "point score" they use to deny you credit or what the "number" is that dictates the interest rate they will charge when you buy that new car, HDTV, or boat. For a more complete personal credit report that includes the actual credit score assigned you by that reporting company and a chart comparing you to other borrowers nationwide, you have to pay a fee, usually about $15.00.

    Here are several website addresses where you can get a free personal credit report:
  • www.CreditReport.com
  • www.annualcreditreport.com/
  • www.consumerinfo.com/
  • www.lendingtree.com/stm3/offers/free-credit-report.asp
  • www.spendonlife.com/

I have no interest or affiliation with any of them. They are listed here as a convenience to you, only. One caveat when visiting these websites; they all offer a free credit report but each site has enhanced additional services that do cost money.

Jack Igan is a part-time writer and webmaster at http://www.bestcreditscoring.com. This website can help you to get better credit and to straighten out an already shaky credit report.


Log Book Loans - Borrow Cheap Money Without Any Hurdles

Author: default@goarticles.com (Amanda Thompson)


If you require money for urgent or regular expenses and looking for easy borrowings then go nowhere other than log book loans. These loans are in your pocket in a hurdle free manner and are availed at low cost. You can utilize log book loans for whatever purpose you think best.

Your own car becomes a vehicle of taking log book loans. The loan is offered by the lenders on the basis of the logbook of your car. Logbook is a document containing detail of car current registration mark, VIN number, chassis number and information about registered keeper of the logbook. Logbook document is issued by Driver and Vehicle Licensing Agency.

Logbook loans are essentially secured loans and you need not to worry about the collateral. You need not to risk your house or any property for taking logbook loans as the very logbook of your car serves the purpose of collateral. So the basic requirement of logbook loans provider is that you must have logbook. The amount you are eligible to borrow depends on the vehicle and repayment capacity of the loan seeker. Usually one can easily borrow anywhere in the range of £500 to £50000.

Interest rate on log book loans is kept lower as the loan is well secured by the logbook. The logbook is taken in possession by the loan provider and is returned when the loan is paid back fully. In the mean time the owner can continue driving car. In case of payment default the lender is free to sell the car for recovery of the loan. Also the borrower has to keep the vehicle in good condition. Usually the car or any vehicle is supposed to be less than 8 years old for a logbook loan. Other requirements are that the logbook must be in the name of the borrower and he should be getting regular income. Also no financial claims should be against the vehicle.

Another advantage is that bad credit matters nothing in taking logbook loan. This is because the loan is well secured on the logbook of the borrower. So whatever be your credit rating the loan is there for asking. It would be wise to search extensively for suitable lender from numerous logbook providers who have displayed their terms-conditions on internet. Compare their interest rate and conditions before settling for a lender to make a deal.

Logbook loans are best suited for taking a low cost finance in a very easy manner as the loan is given on your car or any vehicle logbook. Compare different lenders before making a deal. Make best use of the loan and pay it off in time for a recovery in your credit ratings.

About the Author

Amanda Thompson holds a Bachelor's degree in Commerce from CPIT and has completed her master's in Business Administration from IGNOU. She is working as financial consultant for chance for loans . To find a Debt consolidation loan, Logbook loans, Secured personal loan, unsecured loan, Cheap rates at cheap rates that best suits your needs visit http://www.chanceforloans.co.uk

Curb the cost of borrowing money; take cheap unsecured loan

Author: default@goarticles.com (Judith Earl)


Borrowing money never comes free of cost, no matter from which source you take out it. Normally, money borrowed through loans cost you comparatively less than money borrowed from the traditional source. Even loans also come with different rates, low and high, according to their type, credit status of the borrower and the attitude of the lender.

If you want to borrow money through an unsecured loan and pay less cost for it then you can go for cheap unsecured loan. Cheap unsecured loan comes with low rate for which the borrower needs to pay less money in the form of interest.

Besides being a money-saving option, cheap unsecured loan is risk free too. This loan is not backed by collateral. This means that the borrower does not offer any property as security while taking this loan. In case any property is offered as security, the lender gets the right to take its possession in the event of failure from the borrower's part. By offering no collateral, the borrower rises above this risk.

Cheap unsecured loan takes the risk away from the borrower but shifts it on to the lender. The lender does not get any material assurance to get his money back in case the borrower fails. That is why the lender considers the credit record of the borrower carefully to assess his repayment ability.

It is because of this reason borrowers with credit record get an easy approval for cheap unsecured loans. This, however, does not mean that the borrowers with unimpressive credit record cannot get approval for cheap unsecured loan. Proper searching and smart shopping will help the people having bad credit record to find out the suitable lender. The most convenient option of combing the loan market is the use of the Internet.

About the Author

The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in Business Administration and is currently assisting Online-Unsecured-Loans as a finance specialist.
For more information please visit: http://www.online-unsecured-loans.co.uk

Borrowing Money to Consolidate Debt

Author: An Article by John Mussi


Debt consolidation is usually done by taking out a big loan to pays off other smaller loans. This is called a debt consolidation program. Debt consolidation programs can be very beneficial to borrowers, but may also put you at risk of further debts.

When to Use Debt Consolidation Programs

Debt consolidation programs are good for a few situations. If you are paying several different loans off, your life may be easier if you consolidate everything into one loan. You'll only get one monthly statement and make one payment.

Also, you'll find that your monthly debt payments decrease if you use a debt consolidation program that stretches your payments out over a longer period of time. This means that you'll pay out less each month and you can free up some cash.

A tempting (and sometimes successful) strategy is to use a debt consolidation program to manage various high-rate revolving debts. As an example, you might have numerous credit card balances with high interest rates. With a debt consolidation program, you might be able to get a handle on that debt and lower the interest rate that you're paying. In general, credit cards have higher rates and secured loans have lower rates.

Things to Remember About Debt Consolidation Programs

Using debt consolidation programs can help you or hurt you. You should be very aware that all these programs do is shift your debt - a debt consolidation program does not eliminate your debt. You owe the money and will have to pay it back sooner or later.

One pitfall of a debt consolidation program is that you may feel like you have less outstanding debt. For example, you'll notice that your credit cards once again have generous amounts of available credit. If you use this credit you'll only dig yourself into a deeper hole.

You should also be aware that you may end up paying more total interest if you use a debt consolidation loan. If you stretch out your payments over a longer period of time, it is possible that your total interest cost will be higher. Of course, it may be worth it to you if you can more easily manage your cash flow today.

Finally, remember what you're risking by using one of these programs. Often, you'll use a home equity loan or a home equity line of credit to consolidate your debt. The consequences of falling off the payment schedule can include the loss of your home in some cases. Credit card companies can't take your home. However, if you pledge your home as collateral in a debt consolidation program then your house is fair game.

How to Find the Best Debt Consolidation Programs

There are a variety of choices, and you should shop around to find one that fits your needs. If you need some ideas on where to start, try this plan:

Local credit unions or banks that you already have a relationship with are reliable sources that are likely to give you a fair deal.

Banks that you don't already have a relationship with might offer you a good deal in order to win your business.

Mailers offering debt consolidation programs already want your business - they've mailed you an offer because something about you fits into their desired profile.

E-Lending programs offer increased efficiency and easy processing, but be sure to check the legitimacy of the lender.

In addition to shopping around, you can ensure that you get the best deal by managing your credit. Loans are hardest to get when you need them the most.

You may freely reprint this article provided the following author's biography (including the live URL link) remains intact:
About the Author

John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the www.directonlineloans.co.uk website.

Borrow Unsecured Loans To Avail A Lower Sum Of Money

Author: Eric Hector

If you have any need and you think that you can meet it with a smaller loan amount, then it’s better to take unsecured loans. The tenants and those homeowners who don’t want to put their home as collateral can avail unsecured personal loans for varied reasons. Unsecured loans are mostly used for the purpose of debt consolidation, going for a holiday trip or home improvement.

You can borrow a loan amount from £500 to £25000, and the repayment term varies from 1 to 10 years. The good thing with unsecured loans is that you will not be having the threat of repossession of your property, as is the case with secured loans. Borrowers can procure unsecured loans fast, because the valuation of collateral doesn’t takes place.

The lenders have a high risk associated with this loan type; so they charge higher interest rates as compared to a secured loan type. The criteria for getting unsecured loans are that the borrower should be of 18 years of age, and he should be employed. However, the loan criterion depends from lender to lender. People having a bad credit record can also seek an unsecured loan if they meet the loan criteria of the lenders. People with adverse credit record can also get the opportunity to improve their credit record with this loan type.

The lenders can offer variable and fixed interest rates with an unsecured loan. If you opt for a fixed interest rate, then the interest rate for your loan will remain the same throughout the loan tenure. On the other hand, with a variable rate of interest, this can go up and down according to the base rates of the Bank of England.

You need to compare loans with different lending institutions like high-street banks, building societies and private lenders across the UK. The private lenders may offer you competitive interest rates with this loan.

The author is a financial expert in leading lending institute, currently assisting Longdog Finance to compare loans for their clients, writes imperative articles on Holiday Loans & Personal Loans. Please visit for more information on related products: http://www.longdogfinance.co.uk

Step By Step Tips On What A Bank May Want From You If You Want To Borrow Money For Your Business

Author: Makabongwe Maseko

If you need to borrow money, your bank manager and your professional advisers need to understand how you see your business developing. They can then assess the viability of your plans and forecasts and give you advice and practical help. But, first, what does the bank expect from you?

Broadly speaking before meeting your bank manager, you should be asking yourself some key questions:

(a) What type of business do you intend to start – and is it likely to succeed?
(b) Do you have the personalities needed?
(c) Will you need money to establish or expand your business?
(d) Do you need the bank to lend it to you?
(e) If so, how much?
(f) And when?
(g) How will you pay it back?
(h) Do you have any security you could offer the bank?

Your bank manager will expect you to know the answers to these questions on the outset.

Your bank manager will base the decision on whether or not to lend money to your business on his/her assessment of your business plan. Ultimately, the decision has to be a financial one. But if you present your plan on the back of an envelope it may indicate that you have a non business like attitude, which is unlikely to impress your potential customers.

Therefore, try to prepare your business plan in a clear, professional way. Consider typing it, or having it typed, and do not overcrowd the page. Ensure that your headings are clear and that all the figures used add up correctly. Clarity and simplicity are the key words. If your business plan is confusing, it is unlikely to convince your bank manager.

Your manager will also want to assess your personal qualities and your reliability, your capacity to stay in business and fulfill the promise of your business plan. You need to think carefully about these important questions, as your ability to answer them will determine the manager’s response to your approach.

Other considerations

Once you have made your business plan, checking every aspect of your business and deciding whether or not you need help with the finance, you need to consider some other areas, two of which are insurance and taxation.

It is important that you understand the implications of both of these from the beginning, as failure to do so could result in serious repercussions for your business later on.

Insurance

It is very important that you take adequate insurance to protect your business’ future. This should include protection against:

(a) The cost of replacing stock and equipment that is lost, stolen or damaged.
(b) To cover your premises against fire, floods etc.
(c) Damages for injury to an employee, customer or third party whilst on your premises.
(d) Any special risks that apply to your type of business.
(e) Loss of life. (What happens to your family in the event of your death)?

Without the right type of insurance the survival of your business could be threatened.

Taxation

It is very important to you to make sure that you pay no more tax than you are obliged to pay, although you are of course obliged to provide accurate tax returns. Poor record keeping and lack of the right advice can lead to pay excess tax.

An unexpected tax bill can kill a small business, so you must be able to anticipate your tax liabilities.

Makabongwe Maseko offers advice on the business industry on his weblog "Online Marketing Business Opportunity". To get more information and tips on business matters visit: http://online-marketing-business-opportunity.traders-online.net/

The Basics of Borrowing Money

Author: Jose Valdez

Are you thinking about starting a business but have no money to do it with? Well, you're not alone. This article will tell you the basics of borrowing money.
A loan is money that is borrowed, and has to be paid back along with interest. If the money is borrowed from an institution such as a bank, this is called a commercial loan. Money that is borrowed from a friend or a relative is called a personal loan.
The borrower, or debtor, is the business or individual that takes out the loan. The lender, or creditor, is the source from which the money was borrowed. The term, or period, is the time that is specified during which the borrower has to use the money borrowed before he has to repay the loan. The maturity of a loan is when a loan term reaches its end. The Principal is the amount that is borrowed from the lender. When you or your business borrows money, the lender wants to know when they will get their money back. Keep this in mind when you are looking for a lending source.
If the business is not able to repay the loan, the lending source has a right to legally come after assets to recoup it's money. The extent to which you are personally liable depends on the business structure your business is operating under.
If you are approved for a loan, that you will have to make scheduled payments (typically on monthly basis) plus interest. A loan can sometimes be set up as a balloon loan. A balloon loan will typically require smaller initial payments and one lump sum of what was borrowed as the final payment at the end of the term.
Borrowing from Institutions
Business loans generally fall into two main categories: short term and long term loans. A short term loan is a loan that is to be payed back within one year. Examples of short term loans include:
Working capital loans
Accounts receivable loans
Lines of credit
Long term loans are loans that are to be payed back typically from one to seven years. Long term loans are typically used for:
an expansion of a business
the purchase of equipment
real estate
Most business loans that are used for starting a business are long term loans.

When you approach an institution for a business loan, it will be looking at you as the business owner as closely as it will be looking at the business itself. One of the ways lending institutions make money is by lending money and they want to be as sure as possible that they get back their money with the interest owed.

The time between applying for a loan and learning that you have been approved (or disapproved) can vary. If you are disapproved, you may be told almost instantly. If you are approved, it may take a few days though it usually takes longer. It may even take several months to learn whether you or your business has being approved for the loan.
Borrowing from Family and Friends
If you don't want to, or can't get a commercial loan, you can consider getting a private loan from family or friends. This is usually real informal. However, you need to be careful because this can lead to ruined relationships.
If you are getting a private loan, it is in the best interest of the lender to have an agreement put in writing. The written agreement should state the principal, the interest charged and the terms of repayment. This puts the lender in better position either write off the loan on his or her tax return or to legally come after you.
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Jose Valdez is the owner/operator of www.AGuideToStartingABusiness.com and www.AllHomeBasedBusinessIdeas.com


About the author:
Jose Valdez is the owner/operator of www.AGuideToStartingABusiness.comand www.AllHomeBasedBusinessIdeas.com

Caution: Seven Things To Look Out For When Borrowing Money

Author: Jane Wilson

    1. The APR - This is the calculation of the interest payment and any other fixed or variable costs expressed as a percentage of the loan’s repayment value over a year. The APR does not take into account late payment charges or other penalties.
    2. Introductory offers - It is not unusual to see a great rate advertised and then to see in the small print that it is applicable for three months or until September, after which it will shoot up.
    3. Early repayment fees - If you decide to pay off the loan early, there could be charges involved that can make it cheaper to continue paying off the loan normally. You might find a cheaper loan after 12 months and decide to transfer your old one, but such charges can make the switch pointless.
    4. Payment protection plans - Some experts say that payment protection plans are nothing more than a money-making scheme, and when you add up the amount you can pay over the period of a loan, it is hard to disagree. In fact, if you miss a few payments and pay the fines, you will be a lot better off than if you paid the payment protection charge every month.
    5. Payment breaks or postponed first payments - Some money lenders will allow you to take out a loan and not start paying anything back for a period of time, often three or six months. Others allow you to have a few months off every year with no penalties. These deals can increase the APR, but are useful if your income is seasonal or unpredictable.
    6. Secured loans - Homeowners can benefit from lower rates by using their home as security. People with poor credit histories might find this an essential condition.
    7. Your credit rating - Your rate will probably depend upon your trustworthiness, which in turn will be arrived at mathematically by your credit history. Some money lenders have better deals for people with poor credit ratings – shop around.

Jane Wilson gives you the benefit of her many years in the world of finance. When borrowing money use the website http://www.money-review.org.uk to make sure you are considering all the important options.

Where To Borrow Money For Your Wholesale Business

Author: Joaquin Reveron

Let us say that you found a bargain for your wholesale business for a wholesale xbox 360 bulk unit consoles. You do not want to go to the bank, file papers as many banks still need your presence and you truly believe that your offer will be rejected by the loan officer clerk that probably receives a loan request for the more than feared online investment. How can I get a loan then?

The interest is full of fantastic financial resources. One of the greatest places I have found for getting even lower APR rates for a small business or personal loan goes by the name of, Prosper in the Internet. You can type the name on your internet explorer with the .com option and find it or you can easily find them by hitting a search on Google for the word, Prosper.

Upon entering in such lending site, you will see that you can either borrow or lend money. If you want to borrow money for either your wholesale business, for wholesale xbox 360 units or perhaps, anything of need from real people like you and me, that do not have anything to do with banks or cooperatives- Prosper is a mega star site you should get to research and read in-depth for a potential small-based-business loan immediate worth it or not conclusion. The reasons are numerous.

Simplistically, it has in many ways the concept of lending banks. The more money you owe to banks and the more expenses that you carry on a monthly basis, the higher the possibilities of getting a higher APR rate. The less expenses and the more clean you are as far your monthly income goes, the less likely you are to receive 20-30% APPR rates from private investors all across the USA.

While there have to be some limitations, like they should be for every lending agreement- you could still borrow money if you are a US resident, have a 520 or higher of credit score and you have definitely met their identity recognition and fraud checks. From $1,000 to $25,000 can even be borrowed as unsecured category loans.

Just imagine the potential this could be for you or your personal financial growth if done correctly. While many say that credit cards are evil, money well invested or borrowed could save you and help you dramatically in both the present or in the future.

Better yet, just imagine if you start helping people by lending the small amount of money for a period of time, you start to get feedback from the people that have borrowed from you similarly to the concept of the eBay feedback rating system and you get yourself a reputation as a lender?

What could that do for you and your resume? Better yet, do you think the thousands of people that routinely visit Prosper will be able to lend you money in the future if needed in the future upon needing it if so? Very likely so, and it could be a golden gem for your new wholesale business, wholesale Xbox 360 console units for re-selling purposes or for plainly personal use!


About the Author:

Finding a Wholesale Business online is one of the business components Joaquin serves as an e-commerce coach. His focus today is providing a rich Wholesale List sources