Latest Articles
- Bankruptcies on the rise
- HSBC scrap all mortgage fees until October
- Halifax house index up by 0.7%
- Balance transfer fees – the latest sting
- Barclaycard football card
Bankruptcies are on the increase in the UK. Official figures revealed that a record number of people filed for bankruptcy in the last twelve months,
HSBC, one of the biggest highest street banks in the UK, is axing all fees on mortgages until the end of September. This late summer
The Halifax has reported that the housing market is still slowing down, in spite of a surprising jump of £1,500 in the cost of an
It sounds great, doesn’t it? Transfer your outstanding credit card balance to another card and get charged 0% interest for three, six, nine, 12 months
Credit card providers are always on the look-out for new ways to attract customers. Barclaycard has just launches a new card that offers a life
Welcome to Loan Wize
There has never been a better or cheaper time than now to apply for a personal or secured loan !
We have searched the internet to bring you the best personal loan deals on offer today. Choose a loan today that suits your needs, be it a great APR, a repayment holiday, fixed or variable repayments or no arrangement fees.
Personal Loans
A Personal loan is very simple, a loans provider gives you a sum of money and you pay the amount back (plus interest !) with regular payments over an agreed period. Loan Providers make their money by charging interest on the amount borrowed.
Personal loans are ideal for people who do not own their own home or for people who want a loan in a hurry. Due to the fact that the loan is not secured against any assets makes the loan more of a risk to the lender hence the higher interest rates.
Secured Loans
Secured loans are perfect for homeowners, the risk to the lender is less hence the interest rates will be less. If you fall into any difficulties repaying a secured loan could mean that your home may be at risk.
The main reason to take out a secure loan would be to make improvements on your home, this would increase your homes value to offset the increased debt.
Another reason for a secured loan is for debt consolidation purposes, this means that you take on a cheaper loan for a longer period which would pay off other loans and credit cards, you would probably pay a smaller monthly payment than all the other loans and credit cards added together.