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#1 von xuezhiqian123 , 28.11.2018 03:00

LONDON Nike Odyssey React Black Women's , April 14 (Xinhua) -- British Secretary of State for Scotland Alistair Carmichael on Monday said British government's measures to back Scottish businesses are working, stressing that it is good for Scottish business and families if the region remains part of Britain.


"Scotland is doing well as part of the UK. Large employers in Scotland from the oil and gas industry to the retail sector are saying that being part of the large and diverse UK Single Market is good for business," Carmichael said.


He added that "the creation of more new jobs shows that being part of the UK is good for hard working Scots and their families."


His remarks came after Bank of Scotland's latest PMI (Purchasing Managers Index) report for March showed that the region's employment has been on the rise for 16 straight months, with manufacturing orders increasing and cost inflation falling to a 54-month low.


"Today's PMI index provides very encouraging signs for both businesses and individuals in Scotland, as the economic recovery is getting more and more embedded," the Scottish secretary noted.


Citing the British Treasury's analysis published last week, he warned that an independent Scotland would have the second highest fiscal deficit of all advanced economies in its first year of independence.


"On the back of more encouraging signs for Scottish businesses, why should we gamble it all on independence when the Scottish Government has no plans on currency, on pensions and on EU membership?" he asked, dismissing the Scottish government's bid to walk away from Britain.


With fewer than 200 days to go before the referendum on Sept. 18 this year, London and Edinburgh have been wrangling to win supporters for their respective agendas over Scotland's future.


The Scottish government has been campaigning for Scotland's independence which it says can create a "more democratic, more prosperous and fairer" society for Scotland.


British Prime Minister David Cameron and Scottish First Minister Alex Salmond signed the Edinburgh Agreement in October 2012 to allow Scotland to hold the independence referendum this year.

Home > Home SecurityNsecured Loan To Secured Loan - How A Loan Company Can Convert Your Debt And Claim On Your Home

Posted by nick_niesen in Home on October 29th, 2010


Warnings have been issued recently by debt counselling charities, regarding an increasing trend by some of the high street lenders to issue 聯charging orders聰 on borrowers聮 homes in order to recover bad debts. Major names in loan provision such as Abbey, Alliance and Leicester, Bank of Scotland, Halifax, Lloyds TSB, Nationwide, and Northern Rock have all admitted to using these measures to turn an unsecured loan into one that is secured against the borrower聮s house.


When a loan is taken out, it can be either secured against the borrower聮s property and should repayment defaults occur then the lender can still recover their money through the sale of the property, or it can be unsecured so that no such guarantee is offered by the borrower. Due to the obvious financial risk advantages to the lender and the much lower default rates which occur with secured loans when compared with unsecured loans, increased borrowing limits and lower interest rates are usually available for those who choose to opt for a secured loan.


Charging orders are a legal means of converting a loan that has been taken out without the provision of securing that debt against your house into one where the debt is secured against your property. Having a charging order put on a house means that when the property is sold and the mortgage is cleared, any money that is then left over will automatically go to pay the remaining outstanding debt. According to Fool.co this means that you 聯cannot sell your house until you've paid off your mortgage, any second mortgage and other secured loans, plus the amount due under the charging order.聰


It should be noted that before a court will consider an application granting a charging order, the lender must have issued a county court judgment against the debtor and the borrower must have failed to make the required payments on that judgment as agreed by the court. Also a charging order does not of itself ensure that the lender gets repayment of the outstanding debt but it does prevent the debtor from selling their property without paying what they owe. The debtor is not under any obligation to sell their property once the charging order is put in place; however, there are some extreme circumstances where it is possible for a lender to apply to a court in order to force a sale. It is very rare for the court to allow a creditor who has a Charging Order Absolute to sell your home. It is up to the court to decide whether to make an Order for Sale.


Currently the number of charging orders being issued is about 35,000 per year; however this figure is gradually rising. According to the BBC, 聯Advisers say the practice is becoming so common that the way loans and credit cards are being marketed should change to include mortgage-style warnings that your home may be at risk if you miss repayments.聰


Whilst most people would agree that lenders should be able to recover the money lent, the whole point of an unsecured loan is that it will not put the borrower聮s home at risk if future financial difficulties are encountered and they cannot meet the repayment schedule. Peter Tutton of the Citizens Advice highlighted that the banks are also profiting from this practice as they are still charging the higher interest rate of the unsecured debt, "lenders are kind of getting it both ways, they are getting the risk premium off the borrower, but they are getting the security of the charge and that seems unfair."


Malcolm Hurlston of the Consumer Credit Counselling Service told the BBC, that if the practice of using these orders to force unsecured loans into secured loans. Cheap Jerseys Cheap Authentic Jerseys Cheap Jerseys China Free Shipping Cheap MLB Jerseys China Cheap Jerseys China Free Shipping Cheap NBA Jerseys China Cheap NCAA Jerseys Wholesale Cheap Kids NBA Jerseys Wholesale Jerseys Cheap Adidas NHL Jerseys Online

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