Young people in the United Kingdom have a lot of debt, which is not a secret. Many things have led to this problem, such as rising unemployment, rising living costs, high college costs, and a lack of financial literacy. Here we will try to find out why young people have so much debt and what …
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With the winter season in full swing, many are preparing to face the rising costs that typically come with the colder months. However, this year may be different due to the warmer winter weather, which could lead to lower energy bills later on. In this article, we will explore the potential impact of warm winter …
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Payday loans have got bad publicity for charging outrageously high-interest rates for years. It came under heavy criticism when unethical practices by Wonga came to light. Being accused of trapping credulous borrowers into an endless cycle of debt to extort money, the company had to close its doors and ever since, the FCA put a …
Continue reading “How are Payday Loans Different from the Other Loans?”
Before taking out a loan A: I want to buy a new mobile phone, but I do not have enough savings.B: Don’t be on edge. Why not borrow some money?A: That’s a great idea. After taking out a loan A: The debt is rising. My heart sinks.B: What can I do?A: Excuse me? How can …
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The UK is a hub for education. In the past, it has been a centre for academic practices. It is still so in the present time and is excelling at its work. What’s most interesting is that you can get that perk. If you are a Brit or an international student, your studies will know …
Wait! Wasn’t the word ‘unsecured’ meant for loans? Well, the word unsecured may apply to a good many things apart from a loan. Debts are unsecured too. This is the reason you see this post. The fundamental reason to say this is the presence of the collateral. The collateral is an asset against which a …
Continue reading “5 Kinds of Unsecured Debts You Need to Know”