Borrowers looking to take out a personal loan, mortgage or credit card in 2013 could benefit from greater competition in the market as a result of the Bank of England's Funding for Lending Scheme.
M&S Bank is reducing the rate on its mid-value personal loans from 7.3 per cent to 7.0 per cent APR (representative). The offer applies to new personal loans between £5,000 and £7,499 over 12 to 60 months.
Clydesdale and Yorkshire Banks have announced a market leading rate of 5.1% APR on personal loans for both new and existing customers.
In the aftermath of Christmas 2012's debts, more than one in six people may be looking to consolidate their debts or take out new loans or credit cards this New Year, according to a recent poll from MoneySupermarket.
borro, UK leading personal asset lender, saw a host of unusual and high value assets come through the doors of its vaults in 2012 - to be used as collateral for loans.
The year of 2012 has seen many of the UK's wealthy ditch the banks, and turn to their assets for finance - unlocking the value of personal assets ranging from fine wine and prestige cars to fine art and antiques.
Tesco Bank has reduced its interest rate on personal loans between £7,500 and £15,000 to 5.2% APR representative, offering customers the lowest personal loan rate from a UK bank in a decade*.
The Co-operative Bank has reduced rates across its personal loan range, with loans now available from 5.4% APR.
As the nation continues to seek alternative sources of finance, borro – UK personal asset lender - has seen a 64% rise in loans to clients for bridging purposes in 2012.
AA Financial Services has reduced the rate for personal loans to 5.6% APR representative but AA members benefit from a lower 5.5% APR representative rate.
Debt problems are affecting almost every aspect of people's lives, having a damaging impact on their work and home lives, family relationships and health, according to the results of a new Citizens Advice survey.
People are using their fine wine collections to access finance, according to new analysis from borro, the UK personal asset lender. Since this period last year, borro has seen a 244% increase in loan value of vintage wine collections.
An Individual Voluntary Arrangement (IVA) is often an alternative to bankruptcy if you have unsecured debts with multiple creditors that you’re struggling to repay.
As the new payday lending customer charter is launched, Citizens Advice Bureaux across the country are releasing new figures demonstrating a worrying increase in the number of serious debt cases relating to payday loans.
Brits are turning to fine art and sculpture to access finance, according to analysis from borro, the UK personal asset lender. Since this period last year, borro has seen a 21.7% increase in the loan value of art.
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