Essentially Home Loans Weblog

Analysts are suggesting that parents follow the government’s lead and educate their children in financial matters, to prevent them falling into financial difficulties in the future. Integral to success is the understanding of your credit report, says credit reference agency Callcredit
The plans of the Government to help school children tackle personal finance issues are a [...]

A surge in the demand for ‘mates’ mortgages is causing concern among some financial institutions. The fear is that one person can bring down the entire group, according to Moneynet.co.uk.
The British Bankers Association (BBA) and the Building Societies Association (BSA) state that 60 banks and building societies are lending up to four applicants a mortgage, [...]

When you think of things that could affect your credit you will most likely find that your payment history as well as the total debt owed will have a big effect on any creditor or lender decision to accept your application for personal loans or mortgages.  Although your payment history as the total debt owed [...]

When you are applying for a mortgage, and you are a first time homebuyer, the success of your application will depend on your financial history.  Whenever you apply for a mortgage, the bank, building society or specialist provider will look at your ability to repay the loan, to make your payments on time and will [...]

If you have managed to find a credit card with a low interest rate, you do not want any hidden fees or charges to spoil a good card.  These fees can include finance charges, late fees, over-the-limit fees, balance transfer fees and other fees.  These fees can add up quickly and make paying off the [...]

If you have more than one credit card and you find that you are not using any of them and you are wondering whether or not you should cancel them, you should.  If you are not using a credit card, cancelling it will reduce the total amount of credit that is available to you and [...]

If you currently have credit card debt and you are finding it hard to manage your finances, you may have considered debt settlement, you may want to reconsider.  Debt settlement can be a useful tool, however depending on your situation, debt settlement can be harmful to your credit report.
When you use debt settlement to settle [...]

At some point in your life you will have to deal with debt, whether it is your own debt, your child’s debt, or the debt of a friend or family member.  Debt is acquired by not living within your means.  Not living within your means simply means that you are spending more than you earn.  [...]

A new report carried out by data analysts, CDMS, has shown a marked difference in the ways that Britons deal with their finances according to where they live.
Whilst Northerners have always prided themselves on being careful with their cash, it seems that citizens of Liverpool, Newcastle and Glasgow are those most likely to pay only [...]

Students who are studying tend to focus most of their attention on their studies, and how their education will benefit them in the future. Finance is not always the first thing on their mind.  Always being aware of your finances is good, however it is when you start to neglect and forget about your finances [...]