There are practically endless possibilities when it comes to choosing your current bank account in the UK. Since the financial market in the UK is a very developed one, there will be a large variety of decisions you need to make when choosing your current account. Nevertheless, whether you are looking for your first current account or you want to switch your bank, the most important thing to pay attention to are the current account fees.
The surveys carried out on the market reveal the fact that the more than 80% of current account holders would switch their bank if charges were introduced on the current accounts. Read more
Many debtors are considering debt consolidation as the silver lining in the low financial state they are currently experiencing. It does seem like a quick fix in solving multiple debts, but a deeper understanding will aid those who are contemplating on consolidating their loans.
Convenience of Making a Single Monthly Payment.
With multiple debts, you are faced with several payment dates every month. Read more
Interest rates have certainly increased over the last couple of months. This is due to many different reasons. However, probably the most significant of these reasons is the Market’s fear of the Federal Reserve easing it’s Bond Buying program, currently at about $85,000,000,000 per month! The current policy was started as an effort to prop up an ailing economy. Read more
The overall objective of most businesses is to earn a satisfactory return on invested funds, consistent with maintaining a sound financial condition. There are at least two aspects of a sound financial condition:
(1) ability to meet current obligations (liquidity);
(2) ability to meet interest costs and repayment schedules associated with long-term obligations (solvency).
Liquidity ratios have to do with the size and relationships of current liabilities, which are the obligations soon coming due, and current assets, which presumably provide the source from which these obligations will be met. Read more