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Should Payday loans be banned?

There is a lot of talk lately about whether payday loans should be banned or regulated. A lot of this is because of the apparent high interest rates. Yes the interest rates are astronomical if you look at APR, but many people, especially the people looking to get short term loans online realise that that isn’t a true indicator of the costs. To people who can afford to pay back these payday...

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Do we really need Log Book Loans?

In the news recently we saw about Log book loans, the biggest UK log book lender going into administration after losing its trading license after a 3 year battle with the courts. This company were the lowest of the low, pretending to be solicitors to intimidate their clients into paying more money than they actually owed. It got me thinking, should people really get to a situation where they need to rely...

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What is a Government Debt Consolidation Loan?

What is a government debt consolidation loan? Government debt consolidation loans are loans given by a government program in order to help a person pay off debts owed to multiple institutions. This type of loan is more convenient because you get to make just one payment at a time instead of making many payments. And not only convenient but this type of loan also operate under the same, often lower,...

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Want to improve your credit Rating?

Managing our money is not a skill we are born with.  It is an acquired skill and if your parents didn’t teach you, you will work it out on your own.  You might be good at saving and you pay your bills on time and so you have developed a great credit score.  Because of this great score, you will pay less in interest fees when you purchase something using credit. This can be a hugs...

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Budgeting Your Way Out of Interest-Bearing Debts

In a world of economic crisis where many families owe more money on their homes than the house is worth, and the credit card debts keep increasing due to high interest rates, getting out of debt might seem impossible. Fortunately, it is possible to get out of debt: It simply requires a little extra work each month. Organize your Debts Part of the problem with having numerous debts, particularly in the...