A to Z of Finance (Jargon Buster) - The Letter N

The world of Finance is full of buzz words and Jargon. In this section I'll translate a whole range of finance terms so you won't get caught out.

Index A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Negative Equity

This means that the current value of your property is lower than the amount you owe on it (your mortgage) or is secured on it. This can cause problems say if you want to move or are considering either a Online Personal Remortgage or a Online Personal Secured Loan.

Non Status

This is another term used to describe Credit Problems due to an adverse credit history. If you have taken out loans or finance in the past and failed to make full regular monthly payments this will result in a bad credit score :CCJ's, Mortgage Arrears and other credit debt repayment problems can lead to being classed as Non Status rather than Status. Non Status could also mean that you may have never borrowed finance of any sort in the past, this would mean that you have no credit record to examine. Non Status is used to describe: Non Status Mortgages or Non Status Loans Mortgages or Loans or a Bad Credit Rating Tenant Loan. You can also get Non Status Remortgages from Finance Jungle.

Typical, variable APR is 10.9%. Rates range from 7.7% to 18.3%
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP MORTGAGE OR DEBT REPAYMENTS SECURED ON IT
THINK CAREFULLY BEFORE SECURING ANY OTHER DEBT ON YOUR HOME. NON PAYMENT OF ANY LOAN CAN AFFECT YOUR CREDIT RATING

Every effort has been made to ensure that the facts here are correct. No liability is accepted for any errors contained herein or for any loss resulting from actions taken.