Financial Favourites

News from the BBC (http://news.bbc.co.uk/1/hi/business/8358688.stm):

Newly established small firms should be given some form of tax exemption for their first year or two of business, a report has concluded.

The suggestion is one of 10 core findings in the study produced by the British Library’s Business & IP Centre.

It adds that a fast-track scheme should be created to help firms patent ideas, and that broadband speeds must rise.

The report has been produced to coincide with Global Entrepreneurship Week, which starts on Monday.

Are you looking to start a new business but are worried about money?  Consider a loan from Loan for New Business .co.uk

Women have specialised insurance companies and other targetted services.  Now they too can have their own Loan Service,  Loans for Women is a web site aimed at women looking for loans of £200 – £15,000 for any purpose.

For more information, please visit Loans for Women.

Are you looking for a Christmas Loan, buy that loved one the gift she’s always wanted. Or need help getting enough money together to buy gifts for all those kids?

A Christmas Loan could be the answer, to find out more take a look at Loans for Christmas.

Payday loans vary in repayment term and interest quite dramatically, some payday loan companies charge interest over 1,000 percent, some even over 2,000 percent!

If you are considering a payday loan we would recommend using a lender with a more reasonable APR, and flexible repayment periods.  Payday loans applied for through my-payday.co.uk have an APR of just 200%, the lowest in the UK and can be repaid as quickly or as slowly as desired.  if you cannot repay the loan within a month it isn’t a problem, just repay the interest!

For more information please visit: payday loans.

BBC News reports:

UK public sector borrowing in June was almost twice as much as a year ago, after the downturn shrank tax receipts.

Borrowing reached £13bn – a record high for the month of June – compared with £7.5bn in June 2008, the Office for National Statistics (ONS) said.

Total outstanding government debt rose to £799bn, or 56.6% of UK GDP – the highest since records began in 1974.

Are there alternatives to a guarantor loan?

This all depends on your financial situation, taking out a guarantor loan from a company like FLM Loans may be your only real option other than taking a much lower amount for a much higher APR.

It should also be remembered that FLM charge interest daily, so you could borrow money for a shorter term that originally planned and not suffer in additional cost, this is great if your financial situation changes and you want to clear your guarantor loan in favour of a high street loan.

According to this news article from the BBC web site the worst of the recession is over:

The worst of the UK’s recession is over, according to the British Chambers of Commerce (BCC) business group, but talk of a recovery is premature.

Its report, based on a survey of 5,600 companies, found there had been “welcome progress” in confidence levels between April and June.

But the BCC is still predicting that unemployment will reach 3.2 million by the middle of 2010.

It warned that the increase in confidence was fragile.

So we are not out of the woods just yet but it’s certainly a good sign.  Finance will remain difficult to get unless you use guarantor loans from companies like FLM Loans.  Remember though, cover yourself with something like Income Protection Insurance just to be safe!

FLM Loans offer the cheapest Guarantor Loan on the UK market.  FLM are committed to providing finance for people who have been turned down by their bank or other lenders and do this by offering a guarantor product.

To apply for an FLM Loan please click here.

Repaying a guarantor loan is the responsibility of the applicant but is backed up by the guarantor.  Each month the lender will try to take the repayment from the applicant and only failing that will they seek to recover the funds from the guarantor.

If the applicant always makes their payments the guarantor should not need to be bothered at all by the lender.

Check out our friends over at Loans for Christmas, they just launched a new blog!!

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