Personal Finance and Money Management

The credit card market is looking brighter, with news of a surge in credit card deals and greater competition among providers. With the market problems associated with the squeeze on lending and financial turmoil appearing over, recent analysis from financial website Moneyfacts.co.uk has revealed that a 450 per cent increase in the amount of interest-free credit cards that offer at least 10 months on purchases, as compared with the same period last year. At that time, there were only two credit cards that offered these terms, whereas there are 11 on offer today.

There has also been a rise of 20 per cent in zero per cent balance transfer credit cards offered in the same period. Full Article

As the standard of living in UK going high, lenders of UK have come up with ‘Personal loans’ to fulfill your personal requirements. Personal loan are available in the range of £1,000 to £75,000. Personal Loans UK allows choosing your own repayment options in accordance with your loan term and interest rates.

How to apply:

They can be broadly classified into Personal Secured Loans and Personal Unsecured Loans. So, both tenants and homeowners can apply for personal loans.

Personal Secured Loans UK:

Personal Secured Loans UK is a loan that gives placement of collateral against the loan amount borrowed. Colla

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Earlier this year, I wrote a post on saving large amounts of cash while in college. Believe it or not, it is possible to make it through four years or college without living entirely off Ramen noodles. Here are some more tips that could lead to big savings:

Let your bank help you. Almost every bank and credit union nowadays is coming up with ways to help customers save money. The mentality is, the more you save, the more likely you are to remain as a customer. So take advantage! If your debit card offers cash back rewards, use it! If your bank deposits a certain amount from checking to savings every month, sign up for it.

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Consumers that have taken out mortgages that are guaranteed by the Federal Housing Administration may soon see an increase in their monthly fees.

In an effort to stabilize the FHA’s finances, which have been slowly withering in light of the nationwide foreclosure crisis, the House approved a bill that would allow the Administration to raise monthly premiums, the AP reported. Many of the mortgages backed by the FHA are for first-time homebuyers.

Though the House voted overwhelmingly, 406-4, to approve the bill, it was unclear whether the Senate would follow suit, the AP report said.

The FHA does not make loans, but rather offers insurance against defaults, and borrowers pay extra fees because these loans only require a down payment of 3.5 percent of the purchase price. Full Article