Guarantor Loans are the Focus of Newly-Launched Website


London, UK (PRWEB) February 19, 2014, a website that features guarantor loans to people in the UK, has just announced the launch of their new and user-friendly site. Unlike payday loan companies that feature interest rates that are sky high, is not this type of website, and they are proud to offer their clients a very affordable rate.

The founders of the guarantor loan website understand how challenging it can be to have enough money to make it through the month. Unforeseen emergencies like car repairs, medical bills and more can take already-stretched budgets and cause them to break. Unfortunately, those who have no credit or slow credit may be unable to work with mainstream lenders.

This is where can help. By offering guarantor loans between 500 and 7,500 pounds, the company can help people get through their tough economic challenges and hopefully alleviate some of their stress and anxiety in the process.

As an article on the new website explains, guarantor loans are based on trust, and allow a close friend or family member of the applicant to support their loan application by guaranteeing their repayments.

“It’s a system of lending that’s far more flexible than most modern loans which are often turned down when the borrower has poor credit or doesn’t own their home,” the article noted, adding that because each applicant has a buddy acting as his or her guarantor, there’s less risk to, which makes them even more happy to lend money.

“This means that we can reward you with lower interest rates and charges, and we won’t put your home at risk if you default.”

In general, bad credit loans like the ones that are available through are readily available to most applicants, and because the interest rates are lower than payday loans, they take an even shorter time to pay back.

Anybody who is interested in learning more about guarantor loans is welcome to visit the new website at any time; there, they can read more about who qualifies to be a loan “buddy,” and why this type of loan is such an outstanding solution for so many people.


Buddy Loans is a professional guarantor loan company who are licensed by the Office of Fair Trading. The company provides loan of between 500 and 7,500 pounds over a period of 12 to 60 months. The company’s typical APR is 49.9 percent, making it much cheaper than payday loans. Buddy Loans grant loans based on the borrower’s ability to repay the loan, and the fact a buddy (guarantor), also feels they can and will repay the loan. All applicants are considered no matter what their previous financial history has been. For more information, please visit

Rapid Recovery Solutions, a Voice Among Commercial Collection Agencies, Expresses Approval for New Restrictions On Payday Loans


Bohemia, NY (PRWEB) December 12, 2013

Rapid Recovery Solution, Inc. applauds the federal government for instituting consumer protections against deposit advance loans.

According to a December 7 article from The Christian Science Monitor titled “The Bad Business of Payday Loans,” the days of banks lending quick cash to desperate consumers are numbered. Deposit advance loans are legitimate alternatives to black market advances from loan sharks, but are equally dangerous. Banks lend funds to existing customers against future paychecks and withdraw the money when the deposit occurs. However, the accompanying interest is often so high – upwards of 120 percent – that a vicious cycle of debt ensues.

New federal regulations now “require banks to moderate the fees and interest on their loans to avoid increasing the chances of default and, equally importantly, refrain from lending when consumers show patterns of delinquency,” according to the Christian Science Monitor piece. Aside from protecting borrowers from excessive fees, these laws are intended to safeguard banks and the overall economy form unfulfilled loans.

John Monderine, CEO of Rapid Recovery Solution, weighs in. “Consumer and commercial collection agencies frequently warn cash-strapped consumers about payday loans. They buy into the misguided belief that because financial institutions distribute them they are inherently safe. In reality, they are extremely hazardous and push many consumers into deeper into debt.” Monderine continues. “It’s encouraging to see the government step in and regulate this risky practice. Exorbitant interest fees must be controlled, and only consumers in sound financial standing should be deemed safe to borrow.”

Founded in 2006, Rapid Recovery Solution, Inc. is headquartered at the highest point of beautiful Long Island. Rapid Recovery Collection Agency is committed to recovering your funds. We believe that every debtor has the ability to pay if motivated correctly. We DO NOT alienate the debtors; we attempt to align with them and offer a number of ways to resolve not only your debt but also all their debts.


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North West based peer-to-peer lending platform announces the largest equity crowd-funding offering in the region via

Manchester, England (PRWEB UK) 16 December 2013

Lee Birkett, eMoneyUnion founder, comments;

“We are absolutely delighted to announce our ordinary share offering to the crowd. As one of only three peer-to-peer consumer loan platforms, the others being VC backed Zopa and Ratesetter, eMoneyUnion are the first and only peer-to-peer platform in the UK originating one to five-year, £1,000 to £10,000 loans to non-standard personal borrowers.

The non-standard personal loan market is worth £7BN per year. is the only peer-to-peer platform to provide lower interest rate borrowing opportunities to millions stuck in payday loans and other high-cost credit. Borrowers must however secure the backing of a family member or friend to act as their personal guarantor.

Since our platform commenced BETA testing in August, we have been overwhelmed with the support received from the peer-to-peer lender crowd. In fact it’s caused us a bit of a problem, with the platform having more money deposited than planned for. We have also received approaches from institutions who have notified is of their intent to lend on the platform in 2014.

Borrowers pay 3.4% per month compared to the average high cost credit of 20+% per month.

Lenders receive up to a 12% per annum fixed yield backed by a credit worthy personal guarantor and eProvision fund.

We have also received a number of approaches from media groups who wish to offer our platform to their readers and viewers on a profit share basis. The first of which will be rolled out across the UK next week.

Better saving rates and lower borrowing rates are a win-win for all. We look forward to welcoming our new shareholders in the phenomenon of peer-to-peer lending which has started a digital financial revolution with no high street banks involved.

Prospective Investors can register their interest by visiting ”

Merry Debtmas Scotland – Sharp Increases Expected in Those Seeking Debt Help in 2014

Edinburgh, Scotland (PRWEB) December 17, 2013

2013 has seen a huge rise in the use of payday loans and other forms of high interest credit, it won’t come as any surprise then that there has been a 106% rise in Scottish residents seeking debt help due to spiralling interest, charges and fees from payday loan providers. These loans accounted for around 7% of debts from clients in 2011 whereas they account for around 15% today.

Debt Arrangement Scotland report a high influx of clients seeking a solution to their debts as they can no longer afford to keep up with monthly payments. Margaret Beagrie from DAS told us “The last quarter of 2013 has been very busy with calls from consumers unable to cope, the scariest thing is most people hold off until the new year to seek advice, taking on more credit to finance Christmas spending”.

The government recently announced the introduction of interest and charges caps on payday loan providers which will take effect in April 2014 when the FCA (Financial Conduct Authority) takes over the duties of the Offices of Fair Trading. With rates as high as 5000% APR and system that charges daily for failure to pay, it’s easy to see how this type of debt can snowball out of control.

Debt legislation in Scotland has recently changed in order to help both creditors and debtors with a focus on cutting interest and charges and reducing monthly payments so that problem debts can be paid back over a longer period of time. The new legislation focuses on steering debtors towards the Scottish Debt Arrangement Scheme (DAS) with the government trying to increase awareness of the solution through TV and radio ad campaigns.

The DAS has seen over £13 million repaid to creditors in the 3rd quarter of 2013 with Enterprise Minister Mr Fergus Ewing hailing the scheme as a success. The main benefit to the DAS is that home owners and anyone with valuable assets are not made to sell these in order to satisfy creditors, instead the debtor will contribute a monthly affordable amount without added interest until the balance has been satisfied.

Yourwellness Magazine Explores Ways to Prevent Money Worries Harming Health


London, UK (PRWEB UK) 18 December 2013

A council whose leader hit out at Newcastle United’s sponsorship by pay-day lender Wonga has indirectly contributed money to the firm, Chronicle Live reported December 2nd. According to the article, “Newcastle City Council money goes to payday lender Wonga, it has been revealed,” leader Nick Forbes has been outspoken in his criticism of payday loans since Newcastle United signed up Wonga as its shirt sponsors, but it has emerged that Newcastle City Council is part of a pension fund with £233,000 invested in the company. A council spokesman commented, “Newcastle City Council has no direct investments in pay day loan companies and we will continue our vigorous campaign against an industry that we believe contributes to people’s debt problems.” (

With this in mind, Yourwellness Magazine explored ways to prevent money worries from harming health. Yourwellness Magazine noted, “Whether you lose your job or your savings take a hit, money worries can really give your emotional well being a knock. You can feel shock, anger, guilt and a sense of powerlessness at your situation, as well as the stress of trying to solve the problem. This can affect your mental health with anxiety and depression, so now it’s more important than ever to take care of yourself and your family.” (

Yourwellness Magazine outlined six things that those in financial difficulties can do to stay on top of their emotions:

1. Seek help from a professional about emotional concerns.

2. Write down all worries. This instils a sense of control.

3. Order worries in terms of importance. Tackle the more important ones first.

4. Get information and advice. Organisations or the internet can help. It might help to talk to someone who understands financial issues such as budgeting, saving, investing and managing debts

5. Get support from friends and family members. They can help share the burden and keep things positive.

6. Speak to a doctor about your stress-management techniques, maintaining a balanced diet and exercise programme, and ways to eliminate or avoid smoking, drugs and alcohol.

To find out more, visit the gateway to living well at

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Gea Elika of Elika Associates Elected Regional Director of NAEBA


New York, NY (PRWEB) December 19, 2013

Gea Elika, founder and principal broker at Elika Associates, was elected as the Regional Director of the National Association of Exclusive Buyer Agents (NAEBA). This continues Mr. Elika’s long commitment to representing buyers’ interests.

“I am honored and humbled in being elected as the Regional Director for NAEBA. My new appointment will enable me to take a greater role in serving homebuyers both locally and nationwide. We are going to enrich the real estate industry with many innovations. One of them is the NAEBA Home Buyers Index. The index, scheduled for release quarterly, will consist of aggregate survey data collected nationwide from active homebuyers to record homebuyer sentiment. We believe the Buyers Index will become a crucial indicator for the housing and financial markets to better understand and forecast future demand and trends. I am looking forward to fulfilling our goals and in serving to further the development of the National Association of Exclusive Buyer Agents,” said Gea Elika of Elika Associates.

The NAEBA serves a valuable function in the real estate industry. It is a group of real estate professionals that represent only buyers’ needs and interests, not the sellers. As part of this commitment, the members will never list homes. In the typical relationship, the agent represents the seller, and obtaining the highest price is the most important consideration since he or she is paid on commission. Quite simply, the higher the sales price, the greater the agent’s payday.

NAEBA’s mission extends to all of the homebuyer’s needs, including information regarding loan options. During the housing bubble, agents and loan officers would push certain buyers into mortgages that had features such as the monthly payment spiking after the initial teaser rate expired. This helped lead to widespread foreclosures that contributed to the housing crisis and economic downturn.

Mr. Elika’s boutique firm is the first New York City real estate brokerage focused exclusively on representing buyers’ interests. Mr. Elika’s years of experience, knowledge, extensive industry contacts and thorough research arm potential homeowners with information not easily obtained through the Internet or editorials. Namely, it includes a comparable analysis report that is always prepared for each property in which a buyer expresses interest.

Since most agents focus on the seller, and obtaining the highest price, the buyer does not receive the agent’s undivided loyalty. In contrast, Mr. Elika has established his reputation through his commitment to serving buyers with honesty, integrity, and confidentiality. His firm maintains a website, including a blog, that helps educate buyers on the intricacies of navigating the tricky New York City real estate landscape.

New York City’s real estate market has long been compared to a jungle, and there are legendary stories of the extent people will go to land a prized apartment. Given the market has heated up again, buyers can be comforted that Mr. Elika will go to great lengths to ensure buyers won’t get stuck in a bad deal. Avoiding a mistake with a large purchase, and choosing the right property to live in is an important choice. Buyers are in good hands with Mr. Elika.

About Elika Associates

Elika Associates is New York’s premier buyers brokerage. Elika exclusively represents the buyer and provides exceptional services tailored to each discerning client’s unique real estate needs. Elika provides buyers with expert unbiased assistance while finding, managing and negotiating the purchase of real estate. Elika Associates is a proud member of REBNY, NAEBA and REALTOR(TM).

Accident Claims Giant Slams Industry Regulators for Failing Consumers


(PRWEB UK) 20 December 2013

Forget personal injury solicitors panicking about their inability to purchase cases. Likewise, forget accident claim companies fretting about their loss in revenue from selling those cases. Leading personal injury solicitors Accident Claims have voiced the real concern – the impact that the reforms have had on the public and the general impact on the competition in the marketplace.

When asked about how he would have reformed the industry, boss Josh Donn commented. “For a start, devising a plan that would ultimately see the demise of some of the most reputable firms in the country can’t be in the consumer’s best interest. Devised because of an apparent spiralling claims culture, the referral fee ban has led to Scores of reputable firms falling by the wayside. Government representatives and regulators should hold themselves responsibility if a compensation culture has been created in Britain. If we look at the bottom line, how can a government regulator issue a license to operate to anyone who completes the form.”

In some cases personal injury solicitors are paying indemnity insurance premiums of over £300,000 per annum, a testament to the sort of responsibility and ilk needed to represent clients in the legal industry. There are similarities with the negative press surrounding pay-day loan lenders and some question the ease of a new competitor entering the marketplace with little or no experience.

Donn adds, “Some of the country’s biggest problems could have been avoided by protecting consumers from the offset and regulating rather than cashing in. In terms of personal injury, thousands of claims management companies emerged and the Ministry of Justice simply opened the doors and cashed in. Between the Solicitors Regulation Authority and the Ministry of Justice, the public have been severely let down.”

At one point 8 out of the top 10 listings on Google promoting compensation claims appeared to be either an unregulated firm or failed to adhere to compliance rules regarding the content on their sites.

Accident Claims argue that they have reported a string of non-compliant consumer sites to both regulators but no action was ever taken.

Speaking at his home earlier this month Donn continues his assault. “It’s ludicrous that Google actually offers more assistance in monitoring online crooks than our own industry regulators. The ministry of Justice fail to make consumers aware that they have a profit share with claims firms ultimately questioning how objective and opposed they really are to what is happening.”

Accident Claims will launch 2014 by bringing honest personal injury services back to the high street. Online since 1997 they are now set to open their first walk-in claims bureau. Weekly clinics will be offered through the bureau network providing consumers with free advice in relation to personal injury and compensation claims.

Despite 2013 seeing a 35% drop in the number of regulated firms, the number of claims has continued to be consistent. Critics claim that the problem we now face is high numbers of claims are being handled by firms with little or no experience who simply know how to market. The way consumers look for law firms has changed and maybe regulators now need to step up to the plate to monitor the online rising presence of non-compliant and fraudulent claims companies.