Posts Tagged ‘repayments’
The dangers of interest-only mortgages
Have you been enticed by an interest-only loan or mortgage? An interest-only mortgage may initially seem like a brilliant prospect when you decide to buy a house; an interest-only period where you only pay back the interest of your loan rather than what you’ve actually borrowed is an attractive option for many. Lower monthly repayments…
Read MoreNo company is too big to fail!
Why do many large companies view themselves as being “too big to fail”? Huge businesses turning over hundreds of thousands of pounds a year can be seen as being a million miles away from a small, family-run business taking in comparatively tiny amounts. It’s important to remember, however, that debt still needs to be paid off…
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