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Paul Gillooly

Director at Dot Dot Loans
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Paul Gillooly is a financial specialist and the Director of Dot Dot Loans, with over ten years of experience in subprime lending.

With extensive knowledge of consumer finance in the UK, Paul is a reliable individual in the bad credit lending sector. At DotDotLoans.co.uk, he helps individuals with poor credit scores find appropriate lenders who can provide financial help.

Paul also offers guidance on improving financial management and building better credit scores.

  • Housing Market Faces Challenges Amid Rising Costs and Soft Demand
    Paul notes that builders are slowing projects due to rising costs and funding issues. "Single-family starts show some growth," he says, but price cuts are common to entice buyers. Multifamily starts are slowing sharply. With the Fed holding rates steady, the summer construction market faces challenges, and further slowdowns are possible.
  • Fed's Steady Rates Pose Challenges for Borrowers, Says Loan Expert
    Paul notes that steady rates make securing loans difficult, likening it to "climbing a steep hill." He suggests a 0.25% rate cut could provide relief. Anticipating a rate cut early next year, Paul emphasizes helping clients with budget strategies. He highlights rising living costs as a bigger issue, urging focus on preventing short-term loan dependency.
  • Personal Loans: A Quick Solution for Mobile Home Buyers?
    Paul highlights that personal loans offer quick approval and no collateral risk, ideal for purchases under $30,000. However, "high interest rates and short tenures can strain budgets." He advises against using them for homes over $50,000 or with poor credit scores. Chattel loans may be better for long-term placements on leased land.
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