Who is Responsible For A Debt When Someone Dies?
When someone dies, any outstanding debts will come out of their estate, which is a combination of all their assets, properties and valuables which are calculated when they die. The executor of the will, usually a spouse, child or relative is responsible for managing the estate, but none of the beneficiaries will actually be responsible for it, unless they have: Co-signed a loan agreement, like a guarantor Have a joint
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Do I Need a Guarantor for a Payday Loan?
No you will not require a guarantor for a payday loan in the UK. Unlike traditional bank loans, payday loans often require minimal paperwork and can be obtained swiftly, sometimes within the same day of application. Also, the loans are typically small at around £200 or £300 and it is not worth getting a guarantor involved for small amounts. A lender will always carry out checks before funding a payday
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Amigo shares plummet after regulatory crackdown
The guarantor lender Amigo has seen its shares lose half their value in the past week, and the firm has warned that it will be looking to revamp its business model in light of regulatory crackdowns by the Financial Conduct Authority. Amigo shares drop dramatically The stock price of the FTSE 250's business has dropped by a whopping 40 percent in early trading before falling further by the end of
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Is a secured loan the right option for me?
Are you currently thinking about making an application for credit, but are unsure as to whether or not you should apply for a secured or unsecured loan? In order to help you make the right decision, we have put together a guide on everything that you need to know about secured loans so you can decide if this will be suitable in your circumstances. What is a secured loan? To
Read MoreThe five most common pension scams
It is estimated that the total amount of money that ends up being lost by pensioners to scammers is increasing year on year. In fact, it has more than doubled in just a year alone, meaning that on average £23 million is lost, which per victim, amounts to an astonishing £91,000 in total. One of the worst things about this is that in the majority of cases it is is
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