All across the UK flexible mortgages are going into default at record rates. Many are not sure how they are going to keep paying on their homes as the problem gets worse. Right now, it is estimated that approximately three million homes in the UK will be switching to flexible mortgage rates before the end […]
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Even Legitimate Businesses are Feeling the Pinch Of Guaranteed Unsecured Loan Caps
Posted on May 24th, 2008 by Bright Light
Legitimate businesses have been feeling the results of the guaranteed unsecured loan caps on interest rates that was intended to only affect the predators in the industry. Despite the fact that the majority of locally owned businesses were operating ethically, there were plenty that were gouging the consumer with usurious interest rates. Unfortunately, many of […]
Flexible Mortgages Changing in Australia
Posted on May 15th, 2008 by Bright Light
On the heels of a serious housing crisis, rules for flexible mortgages may be changing as banks are being forced to help their customers. Although many banks still continue to charge high rates for flexible mortgages, the increasing amount of foreclosures has forced others to rethink their lending practices. When flexible mortgages go into default, […]
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