Full on Finance

In this section of fullonfinance.com we look at the subject of loans. Where once you may have been socially frowned upon for admitting you were in your overdraft, today, students come bounding out of university chirping about how much debt they racked up and how it will take them years to pay off their student loans. And they’re not alone, a large percentage of the population have taken out a loan at some point in their life. And why not, they’re readily available and can be used to get a car, holiday, house, clothes and much more besides.
 
However, with loans becoming more attainable and with more lenders willing to offer large amounts of money, more people are finding themselves in hot water than ever before. The key to taking out a loan or using credit cards is ensuring you have the ability to pay your debt back along with the interest you will accrue for your level of borrowing. It is crucial that you know what you are getting yourself into, so in this section we look at the different types of loan available to you, criteria for borrowing, interest on loans and so on. These pages serve as a reference guide only and it is always advisable to talk to your lender or financial advisor to establish the best borrowing options for your individual circumstances.

 

Loans Explained:

A Guide to Loan Types

This simple, no-nonsense guide provides a summary on the different types of loans available for a host of borrowing requirements.

Secured Loans versus Unsecured Loans

Learn about the differences and the pros and cons of unsecured versus secured loans to find out which is right for your circumstances.

Credit Corner: Improving Credit History

Find out how you can take steps to improve your credit record by monitoring your finances more closely and managing your debts effectively.