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Things to consider before taking out a bank loan

Bank loans are a good option to assist you financially for large purchases or to simply get you back on your feet. There are a few things to consider before you decide to go ahead with any bank loan. Do you really need a bank loan? This is the most important question to ask yourself. Is loaning money from the bank the only way you can obtain the money your need? Have you considered borrowing money from a relative or working extra shifts? There is a certain criteria you have to meet for the bank to accept you for a bank loan. Having a regular income is essential, and you must be out of a probation period before you apply. Work out how much you wish to borrow and how...

Expensive Purchases: Credit Card vs Bank Loan

When it comes to the almost age old question of whether you need a credit card or bank loan to pay for expensive purchase, there really is no straightforward answer. It really comes down to a few key factors that effect the choice of whether to go either with a bank loan or credit card. One of those is cost. There are a number of fees –application fees and annual fees- and upfront costs to be considered to get the best-valued deal. For such large purchases, a bank loan is suitable as credit cards act as revolving credit whereby you are given a certain spending limit to work with. However, if you are looking to have continued access to credit; credit cards will work best for your needs. How you...

Having a credit card can improve your credit rating

Your credit report and score will influence many things in your life, such as the auto loan rate you receive and the mortgage amount you are approved for. Your capability of managing your finances and debt can significantly determine the outcome of much of your personal life. Therefore, learning how to develop and maintain a strong credit rating is very crucial. You can work to improve it so that you can easily qualify for the loans that you need to help you achieve your dream. One way that many are improving and rebuilding their credit is through the use of credit cards. They give you small lines of credit that allow you to make purchases and payments anywhere they are accepted. What makes them effective as a way to build...

Why do Online Banking systems crash / collapse?

Online bank systems such as nwolb.com have come under scrutiny in the last few years due to the amount of maintenance that the system has had to undergo. The reason being why these types of systems have had to under such a large amount of re-structuring in the last few years and months is down to the fact that on average, each day, these types of systems see up to 1,000,000 potential entry break points of unknown hackers trying to break the system. The security team behind something like the natwest online banking system, which has been running for a number of years now, must be extremely experienced and knowledgeable in being able to ward off any potential hackers, otherwise, the back could find itself in a sticking situation, especially...

Payday Problems for HSBC Customers

Thousands of people with HSBC accounts have not been paid ahead of the bank holiday weekend due to a technical glitch. Around 275,000 payments to HSBC business customers have been affected. The bank are still investigating, though it is thought that the issue is linked to the national Bacs system. This means that other banks may also be affected, though it looks at the moment to be limited to HSBC. Customers began to notice problems earlier this morning when payments failed to be made into their accounts. Numerous customers have reported struggling to get through to HSBC to ask for further advice, and many have been using social media to notify the bank of their difficulties. HSBC were originally not aware of the issue when customers began reporting problems at...