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There are close to 320,000 British expats who’ve made their home in Spain, and at just over 20%,they make up a substantial portion of Spain’s foreign property buyers. Anyone applying for a mortgage from a Spanish bank would probably not have noticed a hidden ‘floor clause’, tucked away in the small print, which capped minimum repayments above the advertised interest rate. After many years of legal battles this clause hasnow been declared void and abusive, and in this article, we explain what the floor clause is and how mortgage...

Most young people are relatively unfamiliar with the world of credit and finance. This inexperience can lead to mistakes, and some financial mistakes can have long-lasting repercussions. However, students who are responsible and educated about credit can successfully begin a good credit history, which is one of the fundamental building blocks of financial success. While building a credit history from scratch can be a difficult task, college students have some unique opportunities that other young people do not. One such opportunity that...

When operating a small business, you need to use lines of credit as well as available capital to solve cash flow issues. However, most startups do not have enough cash, making it necessary to obtain a business credit card. Businesses have large expenses and you do not want to be personally responsible for them. This means that funding your business expenses with your personal credit card is not a good idea. Although getting a business credit card might seem daunting, it is not that hard. Here are some tips that will come in handy: Check...

If your credit score is below 630, it is bad. However, this does not have to stop you from getting a loan. Some lenders only cater to people who have bad credit. Although such companies take credit histories and scores into account when deciding whether to give you a loan, their requirements are more flexible than those of banks are. While loans from online lenders who are reputable are good options for most people, you should first visit your local credit union before trying your luck on the web. Most credit unions have lower rates of...

If you think that the only thing that can save you from the burden of debt is filing for bankruptcy, you are wrong. Debt settlement is another option that lets you eliminate debt quickly. However, you first need to understand the difference between debt settlement and bankruptcy. Debt settlement This option can help you to eliminate your debts by paying less money than you owe. With the help of a debt settlement company, you will be able to negotiate lower payoff amounts with your creditors. By paying a single bill to a debt settlement...

Millions of American default on their monthly car payments every single year. If you think you may be headed in this direction, an ill-used option that can save a negative hit to your credit history is to simply refinance the loan to lower the payments to a more manageable level. So, under what conditions can you refinance a car loan with bad credit? It happens when there’s a lot of money left to be paid on the outstanding principal, you expect hardship to be forthcoming, or you expect to need to drive that same car for several more...

What’s one of the ways you can make a profit on physical assets, without having to wait for the market value to go up? Improving on something you’ve bought, of course. People make money from buying things that look a little worse for wear and doing them up so that they’re worth more than they paid. Of course, the initial cost and the price of improving on the asset together have to be less than what you sell the final product for. Some things are better for this kind of “flipping” than others. Property is...

When you have a loan from the bank, or just borrowing money on a credit card, then the best way to use them is make sure that you are paying as little interest as possible. For a bank loan, there will be a certain amount of interest that gets paid, and it will have been agreed at the time of the loan application. For things like credit cards, the interest rates can be exceedingly high. So the best thing to do is to make sure that you aren’t paying anything extra. Why are you paying more for something when you don’t really need to?...

Picture by Pexels If you have had several years of financial misfortune recently, it’s likely that your credit score isn’t very good and, if you’re looking for a loan, to buy a house or are in need of a credit card you are likely to be rejected. Of course, this now means that you will be looking to repair your history of bad credit, but what steps do you need to take to do this? Audit your credit report It’s frustrating enough that you have to pay for the financial mistakes you have made, let alone being penalised for ones you...

When you get married, the number one thing that you’re thinking about is your future. You’re making a future with the love of your life, you’re excited to start something real with them – but you also need to be practical and think about your financial situation. Here are some tips to help… Talk About Your Goals First of all, it’s important that you talk about all your goals with your partner. Not only do you need to consider matters of your relationship like how many kids you want to have and where you want to live...