Posted on Wednesday, August 27th, 2008 at 2:48 pm
New research suggests it might be time to stop sponging off the bank of mum and dad.
A survey by Chelsea Building Society reveals 30 per cent of people say the credit crunch means they are no longer able to bail out family members who find themselves in financial strife.
Although 54 per cent happily provide accommodation free of charge and 51 per cent say they will take the kids while a family member goes out to work, they are no longer able to dole out handouts.
Maybe the time has come to approach an official loan provider?
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Posted on Wednesday, August 20th, 2008 at 2:51 pm
Would you be happy to stay with a partner who was driving you mad just for the sake of cheaper bills?
Well, one survey suggests some of us might.
Research by online bank cahoot has found 12.4 million people in the UK would be reluctant to split up with their current boyfriend or girlfriend for fear they would not manage financially.
Maybe, they should just consider a loan?
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Posted on Wednesday, August 13th, 2008 at 5:00 pm
I’m lucky I bought my first gaff when I did, a couple of years ago before this whole credit crunch thing kicked in. What with it now being near impossible to get a first mortgage, I’d have no chance today and would probably still be pouring my money down the drain by renting if I hadn’t take the leap.
It’s no surprise really that approvals for mortgage loans have more than halved over the last year. I bet I’m not the only one letting out a sigh of relief after deciding to take the plunge a few years back.
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Posted on Wednesday, August 6th, 2008 at 4:29 pm
I always thought that if I went bankrupt my student loan would get scrubbed. But, as I’ve just found out, that’s not the way it works. I’ve also just discovered that fleeing abroad for a few years won’t get me out of paying back all the money I blew on kebabs and cheap cider.
So it looks like those evil monthly payments to the Student Loans Company are going to have to carry on being taken out of my pay packet for a few more years yet. Not fair.
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Posted on Wednesday, July 30th, 2008 at 4:45 pm
I’ve noticed Abbey have just launched an uber loan which will let you borrow up to £5million for a mortgage.
I doubt it’s available to just any Tom, Dick or Harry, but just think of the house you could buy with that much spondooly. Hmmm, something like this perhaps, or maybe you could club together with a few mates and put a bid in on this beauty.
If you’re after something a bit more tame, however, have a gander at Accepted.co.uk to get yourself a more sensible-sized loan.
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Posted on Wednesday, July 23rd, 2008 at 2:57 pm
It looks like it’s getting harder and harder to get a mortgage, and young professionals throughout the UK are the ones feeling the effect.
Loans approved for buying houses dropped by 67% in June, compared to the same month last year, and those wanting to their foot on the property ladder and make their first buy are therefore the ones missing out.
“I can’t get a home loan for love nor money,” said one frustrated 22-year-old.
Maybe she should come take a look at Accepted.co.uk.
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Posted on Wednesday, July 16th, 2008 at 11:33 am
A massive sixth of all Britain’s households have taken out a loan or borrowed money on their credit card just to meet their day-to-day living costs, a top Scottish paper has revealed.
With the credit crunch firmly starting to take hold, people are finding it harder and harder to get by, and loans are often the only answer for many.
Finance experts are advising that people cut back on non-essential costs, but if you reckon a loan’s the answer for you, come and have a chat with us here at Accepted.co.uk.
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Posted on Wednesday, July 9th, 2008 at 6:27 pm
With the credit crunch hitting home and more and more people unable to get loans, pawnbrokers are reporting huge increases in their profits.
Brits from all walks of life are trading in their valuables to raise a bit of cash to see them through until payday, and it’s the pawnbrokers who are reaping the benefits.
Before you trade in your granny’s engagement ring, however, pop along to Accepted to see if you qualify for a loan; you’ll be surprised how easy it can be!
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Posted on Wednesday, June 25th, 2008 at 4:52 pm
We graft away all day, sweating our guts out and getting moaned at by the boss, and we’re still short at the end of the month.
That’s what it’s like, anyway, if new research from moneysupermarket.com is anything to go by.
The online giant recently found that the number of people taking out payday loans has increased by a staggering 130% since last August, meaning masses of UK residents need to take out a loan just to survive until their wages arrive in the bank.
That seems a bit off to me, maybe it’s time I asked for a payrise. Now there’s a thought…
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Posted on Wednesday, June 18th, 2008 at 4:16 pm
All those Pot Noodles and cans of Fosters cost something, and now it seems that the UK’s army of ex-students are paying the price for their university high life.
With the credit crunch firmly taking hold, graduates with student loans to pay off have seen the interest on their debts increase considerably.
It’s believed that former students now owe a total of £3.2 billion, and with more students passing their degrees than ever before, there simply aren’t the jobs around to ensure that it all gets paid back.
Opposition MPs have demanded that the student debt problem is addressed but, with more and more parents taking out secured loans to send their little darlings away to uni, it doesn’t look like there’s going to be an end to the debt spiral anytime soon.
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