December 30th, 2011 
Paul Smith Christmas is a time when many people need extra cash. Some lenders are more than willing to provide it but not all are reputable. Residents of Manchester, England, have been warned by city council executives to avoid dealing with illegal loan sharks. Instead, they should use legitimate funding sources like banks and the Manchester Credit Union.
Consumers will get the money they need, while avoiding high interest rates and possible violence.
Nigel Murphy is the city council executive member for the environment and he issued a warning to loan sharks. Referring to them as “violent criminals,” he vowed that their illicit behavior would not be tolerated. Too often, loan sharks deal in local communities, preying on residents with money issues.
They may initially seem friendly, offering a sum of cash to help consolidate debt or pay bills, but the relationship soon becomes ugly and borrowers are pressured into repaying the money.
Those who lend money illegally rarely use paperwork, keeping customers in the dark regarding interest charges and late payment fees. Acc
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Do you hate paying private mortgage insurance every month? You might be paying it even when you don’t have to. If you bought your house with a down payment of less than 20% of your home’s value, you are most likely very familiar with private mortgage insurance, PMI. Private mortgage insurance is extra insurance that your mortgage lender requires you to make in case you default. PMI protects your mortgage lender in the event you default on your mortgage payments. Most homeowners who have less than 20% equity in their homes have to pay PMI. Every homeowner hates paying for PMI. Typically, it is an extra $100 or so that is just paid to an insurance company that neither lowers your loan balance or even pays for any interest towards the principle of your mortgage. But, it does not have to be that way. You can eliminate PMI.