Over the next three years, house prices, the cost of borrowing, inflation, and the cost of living are all expected to go up. But some people are finding that their wages don't keep up with these changes and are falling deeper and deeper into...
When someone buys a car, they usually take out a loan to pay for it. This loan is called a "secure loan," and the car is used as the loan's "collateral." This means that the lender can take the car back and sell it to pay off the loan if the...
Every year, banks and other lenders start around 100,000 mortgage repossession actions. Many of these could have been stopped by taking quick action, such as setting up a new mortgage with a repossession company.
If you are about to lose...
When you get a loan or use a credit card to make a big purchase, it's good for you because you'll be able to buy something like a house or a car that you couldn't pay for with cash. When you get a loan, you can get anything you want, and it's...
The most important part of your financial stability is your credit score. You use credit for everything in your life, including cars, credit cards, furniture, student loans, college tuition, and, most importantly, the purchase of your home. If...
If you live in the UK and have trouble paying your mortgage, you can get a lot of good advice from websites and groups. If you can't make your mortgage payments or are about to fall behind, don't stick your head in the sand like an...
It's a bad thing to lose your home. It's never easy when your credit starts to take away your things because you didn't pay your debts. It can mess up your life, your health, and your credit score. People who have to deal with things like being...
Most people don't want to deal with foreclosure. When someone is at risk of foreclosure, they could lose their home. When a person stops making their mortgage payments, the last thing a lender can do is put the house up for sale. There isn't much...
When someone buys a new or second home, the last thing on their mind is that they might not be able to keep up with the payments. Their goal is to own a house where they can raise their children and leave something valuable to them. Sometimes,...
Having your car taken away can be embarrassing and hard to deal with on an emotional level, not to mention what it does to your credit report. Legally, the lender who made sure you could drive the car off the lot in the first place has the right...