Preparing for the Recession

If you are a freelance writer, then you've been doing a lot of writing for financial websites. In fact, I think that most writers are becoming financially savvy due to the amount of writing and news regarding the current markets.

It is a fascinating time to be in this industry. There are so many new products that will save us money. In fact, you can see it in consumer behavior patterns. I thought we were 'unique' in that we prefer to borrow a secured loan to buy a car. Then I read the news and find that 20% of car buyers borrow secured loans, a sure sign that people are becoming smarter when it comes to their money.

"It is vital to shop around for the best deal to finance your new car to help you avoid paying over the odds," remarks Tim Moss, head of loans with the price comparison resource.

Getting a loan with an interest rate of 6.7 per cent could see borrowers repay £13,911 on a £12,600 loan, while a manufacturer's deal would necessitate repaying £14,857, he asserts.


Currently, the Secured Loan is one of the most affordable borrowing practices, but apparently 80% of the population still don't know that, which is why there is still a lot of room for new writers in this niche'.