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Unsecured personal loans are granted on a mixture of factors, the most important are your income and employment status and your credit history. The interest rates available vary widely depending on how much you borrow and the time period over which you pay it back. Most advertised rates are typical rates and so, if you only wish to borrow small amounts, you will normally be charged a higher rate than that advertised. Unsecured loans are only available for sums of 25,000 or less. Click here for more on interest rates. To get the very cheapest unsecured loan rates you will need to have a good credit history. Click here to find out more about credit ratings. .
Special report: Inside the Kebble forensics
Even hardened cynics would concede that Investec, the investment bank, has been placed in an invidious position in the wake of the late Brett Kebble scandal. But litigation has silenced Investec. The key piece sits in the hands of London-based lawyer and entrepreneur Monty Koppel, who speaks for 20% of shareholders in JCI. Koppel is suing JCI and Investec over the legitimacy of a profit sharing fee, now running around R500m, that JCI agreed to pay Investec. The fee stems from the Investec loan agreement (ILA), dated to late August 2005, when Investec bailed JCI out with loans of around R460m. Investec was separately attacked last Friday by Johann Blersch and Tom Dale, simultaneous with their ousting (as independent directors) from the board of Randgold & Exploration (R&E).
Student loans create debt issue
It seems that only two certainties once you graduate college: you'll have to go out and find a job somewhere, and you'll have to spend the next 10 to 20 years paying off all the debt you accumulated in college.
Today's BG News addresses the issue of rising student debt, specifically student loans and the problems paying them off. According to Collegegrad.com, an entry level job Web site, 51 percent of student loan recipients said it would take them more than 10 years to pay off loans.
The issue of debt affects many who are currently enrolled in higher education. According to a November 2006 article in USA Today, two-thirds of this current generation carries some debt. Sixty percent of those polled said they felt that they faced tougher financial pressures than previous generations, while 30 percent worried frequently about their debt.
What Is Pmi?
PMI is an acronym for Personal Mortgage Insurance. It has probably been around for a good long while, but it became of major importance over the last ten years as houses have rocketed up in value and obtaining a mortgage to buy one became more and more of a challenge. The traditional mortgage has always topped out at eighty percent of the home's sales value. Today, millions of people cannot assemble the tens of thousands of dollars required to pay a twenty percent down payment, even on a relatively modest home. Lenders have determined that any mortgage on a home for more than eighty percent of the home's value must be insured by a PMI policy, so that they – the lender – are protected if you default on the loan. What that does is add an additional sum to your monthly mortgage payment, often $100 dollars or more.
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