PUBLIC MARKS from adfunk with tags mortgages & finance

What do you do when you come to a point where you have a lot of debt which need to be cleared each month, but the interest rates are extremely high? Sometimes, people do not pay off the debt is because of the hefty charges and interest which eventually leads to bankruptcy. Nevertheless, bankruptcy is not always a good thing, thus, debt repayment is a must to avoid bankruptcy. Some of us may argue that our installments are merely enough to cover the high interest rate charged by the financial institution, but in fact, there is a way to reduce debt as well as the interest rate we are getting.

Many British homeowners were left out in the cold with the Bank of England’s announcement on earlier this month that the interest rate would remain unchanged for now. However, the question begs: Would a rate cut have had a significant impact on struggling homeowners in dire need of more disposable cash? MPG Investments, the UK’s number one cash property buyer, has a look at the way that property mortgage lenders rule homeowners’ pockets.