A rising number of homeowners may find themselves coming under increased financial pressure, new figures show.

In a study released by Mintel, an estimated 5.5 million, or one in three, Britons could be due to see a surge in their monthly mortgage repayments and lenders’ fee should they wish to move home or remortgage their property. According to the media intelligence firm, out of the country’s 16.5 million mortgage holders, 1.5 million (nine per cent) are considered sub-prime, with a further four million deemed to be of high risk by lenders because they are either self-employed, have moved home several times or have developed problems making payments on household bills. In turn, it was suggested that the “unconventional financial situation” of such people may mean they could see a rise in costs in the future.

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Are you one of those people who always have their Christmas presents bought months in advance, or do you run around at the last minute on Christmas Eve trying to buy presents for 20 people? Or perhaps you bought all your presents but another expense has cropped up and there’s no money left over to pay for it?

Whatever the reason, if you need a lump sum fast this Christmas, a payday loan may be the solution.

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Set your budget before setting your sights on the car of your
dreams. Ask yourself: How will it be paid? Who will help pay
for it? What is total price of the car I want? How long will it
take to me pay off the car?

People buy cars by cashing out the down payment and paying the
balance installment. Some people pay for their new car directly,
after disciplined saving for that purpose. If you choose to
finance your car, consider that you may end up paying thousands
of dollars in interest than can take years to pay off.

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