Legislation and Governing Bodies Affecting the Secured Loans Industry
It is often said the Secured Loans Market is unregulated – but is it? This article attempts to answer that fundamental question
Financial Terminology: Jargon Buster A – E
A
1. Account holder
The person who has a personal loan account.
2. Advance
The mortgage loan itself is called the advance.
3. APR (Annual Percentage Rate)
An interest rate designed to show you the total annual cost of getting credit. It should include all the interest and charges payable by you as a condition of taking the loan. Where taking Payment Protection Insurance is a condition of taking the loan, this should also be included in the APR. The typical APR is …
Benefits of Debt consolidation
For more information about debt consolidation, debt consolidation loan, secured loans, homeowners loan, secured personal loan, poor credit remortgage, cheap remortgage, remortgage visit: www.choiceofloans.co.uk. Experts recommend debt consolidation for recovering control over personal money management. Debt Consolidation refers taking one loan in order to pay out other loans. In such case, you only have a tension of serving one debt consolidation loan and can secure a lower and fixed interest rate.