http://www.uksecuredloanspecialist.com/ Bucks Loans RSS News Feed <p>If you are a company with regular customers who don’t pay immediately on receipt of their invoice, then you may have a valuable asset against which you can borrow. Your debtors, and the list of outstanding invoices, can be used as collateral for arranging cost-effective borrowing to support your business.</p><p>There are several ways of describing this type of lending, depending on the details of the arrangement, but most are referred to either as factoring, or invoice discounting. Effectively, they allow you as a business to receive funds as soon as an invoice is issued, no matter how slow your client is in settling that invoice.</p><p>Factoring is an arrangement where a specialist factoring company will take over the management of certain customer accounts. Once an invoice is issued, it is assigned to the factoring company. They will then make an agreed percentage of the invoice face value available for advance, and will take on the responsibility of chasing the customer for payment.</p><p>Invoice discounting describes a similar arrangement to factoring, but it leaves the responsibility for chasing the payment with the original company issuing the invoice. Confidential invoice discounting is a similar arrangement, although the credit is supplied without clients ever being aware their invoices are being used as collateral.</p><p>A factoring or invoice discounting company will want to vet the customers it is asked to advance against, and will have the right to refuse to take on the invoices of any customers it perceives as a poor credit risk. Additionally, the factoring company may place a lending ceiling, a maximum amount it will advance against a single customer’s invoices. For those customers that pass the vetting process, then an advance of typically around 85 to 90 per cent of the face value of the invoice can be advanced. There are additional monthly fees and charges relating to the amount of activity on the account.</p><p>The arrangement can be quite flexible, for example perhaps one large, key account is a slow payer, in which this may be the only one a factoring arrangement involves.</p><p>For companies whose business involves buying large amounts of stock on account, then it is also possible to arrange an advance of funds, borrowed against the stock. This agreement begins when stock leaves the manufacturer, so can be valuable for example if stock is in transit, such as spending several weeks in a container from a Far Eastern manufacturer. The stock can continue to be used as collateral for an advance, until such time as it is sold to the final customer – at which point the invoice could then be subject to factoring.</p><p>Factoring, invoice discounting and lending against business stock are all specialist areas of business finance, but they are well established and have been used effectively by some big name brands and highly successful British companies in order to help them manage their finances as they grow.</p><p>Bucks Loans has associations with a number of specialist lenders in this field, and will advise clients and effect introductions to the best provider to suit an individual business’s current circumstances. <a href="mailto:info@bucksloans.co.uk">Get in touch to find out more</a>.</p> http://www.uksecuredloanspecialist.com/The_benefits_of_Factoring--post--13.html At the beginning of the year, many people find themselves wanting to give their finances a new year tidy up. As often as not, this is down to the fact that the end of the year and the Christmas season leads to a blip in spending on gifts for friends and family, on going out for meals, and on entertaining. <br /><br />As a result, it can often be the arrival of the January credit card bills that really brings home the state of personal or family finances. The lucky few may have been offered tempting balance transfer offers, although today many of these come with a transfer fee attached, and offer a discounted interest rate for only a short period – after which the cost of the debt flies up to the credit card’s regular high interest rate.<br /><br />But you may not have the luxury of transferring balances. Perhaps a tough autumn, and expensive festive season, have left you with high outstanding balances on all your credit cards – and no prospect of settling much more than the minimum payments for the next month or two. All the while, the high rates of APR charged by many credit cards mean that interest payments continue to rack up at an alarming rate. <br /><br />In this case, one of the sensible options is to consider consolidating those balances into one, single loan that attracts a far lower rate of interest – a secured loan. This is an easy option for most homeowners, or anyone who has suitable security to offer for the loan, such as a valuable car, boat or perhaps a summer caravan or holiday cottage. <br /><br />You can work out what you need to borrow, by adding up all your outstanding credit card balances. This total is ideally the amount of the loan you would like to borrow, as it will enable you to pay off the credit card balances, stopping the costly, high interest rates that are racking up day by day, and start a plan to pay off not just interest, but the capital you owe, as well. <br /><br />So a secured loan has a number of benefits. First, it will cost you less than other forms of borrowing. With a secured loan, the lender has the security – such as a charge over part of the value of your home – against which he can call, were you as the borrower to default on your repayments. As a result, his risk of a default is lower, as is his risk of not making a full recovery of the debt. In return, a secured loan will always have a lower rate of interest, compared with other, unsecured lending such as on credit cards or by a personal loan from a building society or bank. <br /><br />Second, compared with a credit card, a secured loan gives the borrower a discipline that ensures the loan is repaid, over an agreed period. Typically, fixed monthly payments are agreed, which will ensure the loan is repaid in full after a number of months. Compare this with a credit card, where only minimum payments are insisted on, often meaning that only interest is taken, and little if any of the outstanding capital is repaid each month. <br /><br />So how do you get your finances in shape, and find out about a secured loan? The best thing you can do, is to contact a specialist loan company, who will be able to provide you with a much more personal service than a typical bank or building society on the high street. And as they are specialists, they will be able to quickly and efficiently arrange your secured loan, at an attractive low rate of interest. http://www.uksecuredloanspecialist.com/To_much_outstanding_on_credit_cards__Time_to_consolidate_with_a_secured_loan--post--12.html If you are looking for some additional cash to cover outstanding debts, pay for a one-off expense that is coming up, or even carry out some home improvements or pay for a new car, then consider a secured loan.<br /><br />Secured loans are a simple, cost-effective way to release equity from your home. And, with mortgage lenders currently being very particular about additional lending, this may be the most practical way for you to release and benefit from the equity built up in your home. <br /><br />During the last decade, it was not uncommon for friends and family to remortgage their homes, in order to release equity to cover additional household expenditure. Home improvements, repairs to the roof, a replacement car were all legitimate expenses that such funds could cover. <br /><br />However, following the financial crisis, banks have been much more restrictive about remortgaging. In many cases, they have tightened their lending criteria to the point where they would not grant many of their existing customers a mortgage on the terms they currently enjoy, were they to appear at the bank or building society counter as a potential new customer! <br /><br />This is potentially a very frustrating situation for you, if you are a responsible homeowner, who has paid off a substantial amount of your mortgage and would now like to borrow some of that equity back. With the banks and building societies in the current environment, most will refuse a remortgage, or make the process so difficult as to render you practically doomed to fail the application process. <br /><br />But all is not lost! The simple alternative is a secured loan. These are available from a wider number of lenders than are mortgages, and so there is a competitive market that is prepared to lend on a secured basis. So long as you have equity in your home, with its current market value worth more than the mortgage value outstanding on it, then it will usually be possible to arrange a secured loan. <br /><br />Thanks to the ability of the secured lender to take a second charge over your home, they have the security of knowing that the funds advanced are protected against the possibility of default. And their experience is that a very high percentage of borrowers using secured loans will pay off their loan instalments responsibly and according to the fixed repayment schedule agreed. As a result, they are able to offer the loan at a low rate of interest, which is unlikely to be much more than a mortgage rate, and will be substantially less than other alternatives such as borrowing on a credit card.<br /><br />A secured loan is easy to arrange, and there is no need generally for you to inform your mortgage provider, as all the necessary paperwork and agreements are arranged by the provider of the secured loan. It is generally better to work with a specialist provider of secured loans, rather than simply walk down the high street and into the first bank you see, as that specialist will be able to streamline the application process, and advise you on the best product to meet your particular needs. So, if you are a homeowner, then a secured loan may be the best route to release some of the equity in your property. http://www.uksecuredloanspecialist.com/Release_equity_in_your_house_with_a_secured_loan--post--11.html <p>If you are planning to buy a new car, there are plenty of ways you can finance the purchase. And, as with most financial decisions, some careful planning and consideration beforehand will probably pay big dividends later on.</p><p>There are a number of sources for arranging car finance. Banks and building societies may well offer a vehicle loan, or an unsecured personal loan, so long as your finances look to be satisfactory and you can demonstrate that you can afford the monthly repayments. Credit cards are another option, though it may be expensive to borrow a significant amount of money on a credit card, unless you happen to be offered a seasonal discounted deal.</p><p>Most car companies and car dealers also provide car loans, which they will try to make as easy as  possible for you to obtain, in order to help them close a deal. Do be aware, however, that the interest rates they offer may not be competitive: they will rely on the fact that you have fallen in love with the car you are looking at, and that your emotional desire to buy the car will mean you overlook the cost. Many sales staff may also concentrate on the monthly payment – and whether you can afford this – rather than the overall cost of the car finance, and the interest rate you will be charged for the finance that is advanced.</p><p>Car loans provided by manufacturers are also frequently advertised. These are always worth checking out, however their attractive monthly payments may only be available to encourage the sales of particular models of a car which are not selling well, or may be the sell-out model ahead of the launch of an upgrade. Do you really want to buy a car in an unattractive colour, or without the extras and luxury you decided you wanted?</p><p>One possible alternative is a secured loan. If you are a homeowner, this may be the preferred option, as it will generally offer you a lower overall cost for vehicle finance. Using a very simple procedure, lenders use the security of the equity you have in your home against the funds they advance, and as a result your loan is considered to be a lower risk: with a lower interest rate charged as a result. Secured loans are easy to arrange, and are usually best procured via a specialist secured loan provider, rather than through your mortgage provider or bank. In this way, you will have access to a wider range of alternative loan providers, and can seek out the most attractive package to suit your vehicle finance needs. With the right car loan package, you can choose the timescale over which you pay back the loan, and set the level of monthly payments at a level you can afford. Best of all, the car is then yours, and by taking good care of it, you are maximising the value of your investment, when the time comes to sell and purchase a new vehicle.</p> http://www.uksecuredloanspecialist.com/How_to_find_the_best_car_finance_deal--post--10.html <p>When it comes to getting your next car, it is easy to be confused by the various terms used to do with financing your car. Leasing, personal contract purchase, guaranteed future value are all terms bandied about by professionals within the motor industry – so what do they really mean?</p><p>The key difference to keep in mind is that there are two ways of obtaining your new vehicle – leasing, or buying.</p><p>Leasing is the umbrella term for what is, in practice, renting a vehicle. Most of us initially think of car rental as being for a week or two, when on holiday. But in effect, a lease is just a long term rental of a vehicle, and it is used by many major companies as a way of arranging company cars for their staff. As well as “business-only” deals, many leasing companies are now happy to quote a private individual for a lease. Typically, a lease has an initial lump sum to pay – often equivalent to three months' payments – and then a monthly amount to pay for the length of the lease. Many vehicle leases are based on a three year contract, though shorter periods are possible.</p><p>So, while there a car lease is attractive as there is little initial finance to find, and you can pay as you go for the rest of the time you have the vehicle, there are some downsides. First, the vehicle usually has a limit on the mileage you can cover: above this limit, extra charges will apply. This may not suit you, if you cannot predict with reasonable accuracy the likely mileage you will cover. And the lease is a contract on a specific single vehicle – so if you decide you need a bigger or smaller car part way through your agreement, you will have to pay what could be a substantial penalty to end the agreement early. There are other restrictions, too. Should you want to add modifications such as a tow bar, you will need permission – and you will get nothing back for that expenditure, when the vehicle is surrendered at the end of the lease.</p><p>The alternative to leasing is to buy your car – and there are plenty of car finance options, such as obtaining a car loan, which will put you in the position of being able to buy rather than lease. Buying means you have much more flexibility. If your lifestyle changes, and you need a larger or smaller car, then you can simply sell your existing vehicle and find another that suits your needs better. Because you own the car, you are free to make any modifications you wish: and you're likely to reclaim some of those costs, when it comes to sell the vehicle. And, in contrast with a leased car, you have no need to worry about the mileage you drive – so long as you can afford the fuel!</p> http://www.uksecuredloanspecialist.com/Whats_the_difference_between_car_leasing_and_car_finance--post--9.html Do You Offer Loan Rate Locks? http://www.uksecuredloanspecialist.com/Do_You_Offer_Loan_Rate_Locks--post--8.html I would like to know about all the loans and which one is best among all the loans available. http://www.uksecuredloanspecialist.com/Which_Type_of_Loan_is_Best--post--7.html I want to know more about secured loans http://www.uksecuredloanspecialist.com/Loans--post--6.html