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Family Finance Beyond RRSPs
(NC)-Congratulations, you have contributed the maximum amount to your RRSP. So now what?
"At this point," says Anita Prescott, a certified financial planner (CFP) and Winnipeg-based financial adviser with CIBC Imperial Service, "it's best...
Home Mortgage Loan Refinance – Benefits To Refinancing Your House Online
Here are some of the benefits to doing your home loan refinance online: Everything seems to happen faster - Online, when looking for a mortgage loan you can search around, fill out an application and a few minutes later, you can be receiving a...
Managing Finances As A Couple - What Is Best
You may find it difficult to manage finances together when
you've been acustom to managing your finances alone. But when
you become part of a couple, many things change, and your
finances are no exception! Some couples take the traditional
path...
Refinance Home Loan and Refinance Home Loans
Refinance home loan lenders are eager to lend money to any individual regardless of credit as long as the homeowner has a fair amount of equity in the home and the home itself is in a condition that can be resold. Refinance home loans are...
Refinancing Your Home Mortgage Loan - Refinance Your Adjustable Rate Mortgage
Refinancing an adjustable rate mortgage (ARM) is a common
practice for borrowers. However, it may not always be the best
option. Depending on how high interest rates climb, there are
cases when you could end up spending more on converting...
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Moneynet adds weight to intelligent finance with new personal finance product guides
Moneynet adds weight to intelligent finance with new personal finance product guides
Moneynet.co.uk, the UK’s longest established online personal finance information website, has recently published three online product guides to help consumers get to grips with the increasing complexity of personal finance products.
With a strong stance on ethical finance, the company felt it was important to be proactive on educating consumers about the different aspects of credit related products to get the best deal. This is crucial, as a recent report by Credit Action indicates that less than the half of adults are financially literate, which drops to a third for young adults aged between 21 and 24.
According to the National Statistics website, 91% of men and 90% of women in the UK have at least one credit card, collectively accumulating over £54.3 billion of debt. Credit Action, a national money education charity, states that 50% of the people who take out credit in shops, hadn’t planned to do so
when they left home. This is particularly serious as store cards often present the highest rate of interest, indicating
either a lack of awareness or understanding on the part of the consumer, or worse a lack of concern about the possible consequences. A survey published last year by the Office of Fair
Trading showed that whilst 60% of cardholders thought they had a good understanding of credit cards, they were unable to answer specific questions or extract key information, such as the APR, fees for late payment or cash withdrawal.
There are currently three guides available on http://www.moneynet.co.uk, covering credit cards, mortgages and loans. In addition to explaining the different aspects of credit application, moneynet also offer a glossary of key terms in the resources section to help visitors gain a complete
understanding of the best product for their needs. Further guides are due to be published later this year.
About the Author
Moneynet.co.uk is the UK's longest established, online personal finance research and data website.
E-mail: INFO@MONEYNET.CO.UK
Telephone: 020 8313 9030
Website: http://www.moneynet.co.uk
ADDRESS: Moneynet
Sussex House
8-10 Homesdale Road
Bromley
Kent
BR2 9LZ
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