| 6 Million Brits Consolidating Their Loans
The preferred method of debt consolidation in the UK is where unsecured personal loans are combined into one loan with a lower monthly payment. While this is a positive move in the short term, it can be fiscally devastating over the long-term if done in the wrong way. Unsecured personal loans are the preferred method of consolidating loans. The interest rate is normally lower than interest being charged on credit cards and store cards. Research from uSwitch.com revealed that a number of Brits who consolidate their loans continue to use their credit cards and store cards to create further debt. The number of UK consumers who apply for personal loans that are higher than the amount they need to consolidate their loans are using the extra money, not for wealth generating, but to maintain a higher lifestyle.
Home loan rates set to rise further
NEW DELHI: Interest rates on loans are set to shoot up further with the Reserve Bank of India on Friday deciding to make money costlier by hiking the inter-bank short-term lending rate by 0.25% and the mandatory deposits banks are required to make with the RBI by 0.5%.
These measures are likely to hit economic growth. But, in a significant policy-turnaround statement, RBI said growth had now become a secondary concern. Controlling inflation is the central bank's top priority.
This would leave banks with no choice but to increase home loan rates by half a percentage point to 11.50%. The measure, besides affecting prospective loan seekers, will also hit those already paying home loan EMIs at floating rates. Interest rates on personal and commercial loans are also set to increase by the same amount.
Getting A Clean Credit Report
KUALA LUMPUR, March 29 (Bernama) -- Ever wondered how banks evaluate whether a person is credit-worthy or not without the person revealing any credit information about him or her? Or have you ever wondered how much information the bank has on a person's credit pattern? The answer lies with the Credit Bureau and its database known as the Central Credit Reference Information System (CCRIS), which serves as a reference point for the banks. The Association of Chartered Certified Accountants (ACCA) explains at great length the workings of the Credit Bureau and CCRIS. Managed by Bank Negara Malaysia, the Credit Bureau was formed under the Central Bank of Malaysia Act 1958 and has been in operation since 1982. Since then it has accumulated credit information of over five million borrowers in Malaysia.
Property records at library, online
How do I research free information on the sales amount and description of houses in my Gentilly Woods neighborhood two years prior to Katrina? I need to get an idea if my Road Home appraisal was fair. What is the importance of the appraisal figure anyway?
You can research real estate data using a service called deedfax. This service is available online for a subscription fee at deed.fax.com. However, many public libraries in the area subscribe to deedfax and offer the service to their patrons for free. So check with your local library.
Another option is for you to use the free online property records database on the Orleans Parish Assessors Office Web site: www.opboa.org/Search/GenericSearch.aspx. This service only offers current real estate information. It does not contain data from prior years.
|
