In 2003's, the interest rates were at their record lowest, and the reality market was picking up steam. At the same time, disposable incomes of individuals were also rising and people started believing in nuclear families. All this resulted into increased spending on consumer durables, homes, and automobiles. Naturally, the need for loan increased, and the banks were more than willing to lend... Soon, the loan disbursements reached record levels and so did the NPS's (non performing assets) of banks, the main reason being increase in the number of loan defaulters... Banks soon realized this and tightened their recovery processes. Hence people started looking out mortgage agencies to repay their excessive loans.
With increased accesptability, fraudster mortgage agencies cropped and this resulted into more chaos... However, there are still a few trustworthy, no nonsense, plain speaking-money saving agencies and ThriftyScot is just one of them. Besides offering world-class mortgage & remortgage facilities, it also offers poor credit remortgage, credit card, loans, insurance, banking facilities, and mortgage protection. Here you will get no-nonsense advisory articles on anything related to finance and to help you manage your finances in a better and efficient way.
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