Posts from May, 2008

Weird and Wonderful Loans

Posted on Wednesday, May 28th, 2008 at 5:44pm

Botox, bulls and boats; what’ve they all got in common?  Not much, you’d be forgiven for thinking.

But you’d be wrong.  Bizarrely, they’re all reasons people give loans companies for needing to borrow money.

Lenders ask their customers why they need the money and, following research by Accepted.co.uk, it was discovered that a huge 43 percent of the loans companies surveyed regularly dole out money for plastic surgery.

Whether it’s used for boob jobs, bum lifts or belly tucks isn’t specified, but there’s now no doubt that people throughout the UK are taking out loans to give their bodies a makeover.

One of the lenders surveyed also provides loans for ‘livestock purchase’, while others will give you cash for everything from boat purchases and school fees to holidays and caravan investments.

So there you go, if you want a loan - no matter how weird or wonderful the reason for needing it - you’ll probably be able to get it from somewhere.

Just remember, go easy on the botox.

North-East Nightmare for Secured Loans Staff

Posted on Wednesday, May 21st, 2008 at 3:58pm

North-East financial workers were given further reason to tear out their hair today following the announcement that Future Mortgages will no longer be offering secured loans or mortgages in the UK.

The wrapping up of the Citigroup brand will lead to 400 job losses in the Sunderland area and comes only months after Tyneside neighbours Northern Rock revealed that they’ll be shedding a frightening 2,000 employees by 2011.

It seems that it’s not such a great time to be working in the finance sector in the North-East, but a Citigroup spokesman tried to appeal for calm, saying, “The bank has entered into consultation with the staff affected.  Some may be offered jobs elsewhere in the group.”

Facebook Advertisers Come Under Fire over Secured Loan Ads

Posted on Wednesday, May 14th, 2008 at 11:14am

Facebook seems to be everywhere, there’s just no escape.

Whether it’s past boyfriends coming out of the woodwork, or finding yourself ‘tagged’ in some horrific drunken photo from yesteryear, Facebook is invading every part of our lives.

But now a finance charity has decided enough is enough and has called for an investigation into some of the ways Facebook is allowing advertisers to target its users.

Credit Action insists that some of the adverts pushing secured loans contravene advertising regulations by not initially giving potential customers all the necessary details.

The debt charity has now made a complaint to the Office of Fair Trading for fear that young Facebook users could get themselves into money trouble by taking out payday loans or logbook loans without first fully understanding the terms and conditions.

Remortgage Loans the Latest Craze

Posted on Wednesday, May 07th, 2008 at 3:06pm

If you want to be way cool, you need to get down with the kids and bag yourself a remortgage loan. With applications rising by 27% over the past year, there’s no funkier gang to be in. Everyone’s doing it, it’s the latest playground craze!

If, on the other hand, you’re a bit of a geek and the latest fashions simply pass you by, you may be more suited to getting a home buyer mortgage. Back in the day these were the hottest thing around, but huge declines in applications last year mean that now they’re only for the sad kids.

So there you go. If you want to be the coolest thing since the Rubik’s Cube, you know what to do. Word.


15.9% APR Typical variable

WARNING: THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. LOANS ARE SECURED ON YOUR HOME. ALL LOANS SUBJECT TO STATUS.