Loans
Nationwide offers personal loan rate of 6.1%
Nationwide is cutting its personal loan rate to 6.1% APR Representative - the lowest rate Nationwide has ever offered, and once again, the UK's lowest personal loan rate.
Twenty three million Brits have unsecured debt
Twenty three million (52% of Britons over eighteen) have unsecured debt, beyond their mortgage, according to research from Vincent Bond & Co, UK personal insolvency experts.
Debt charity concerned about high number of redundancies
Consumer Credit Counselling Service (CCCS) has raised concerns about the number of redundancies reported by the Office for National Statistics (ONS) and said many of those affected will now struggle to repay their debts.
Bankruptcy 'still a valid solution'
In response to the latest Insolvency Service figures, financial solutions company Think Money says bankruptcy is still the best option for some people in debt, despite a sharp fall in take-up figures.
Debt collectors use social media to track down debtors
The Office of Fair Trading have warned that debt collectors are targeting people through social media sites such as Facebook and Twitter.
Loans to developing world entrepreneurs offer alternative Christmas gifts
A loan to an entrepreneur in the developing world could make the ideal ‘alternative' gift this Christmas, according to The Co-operative and CARE International UK.
Tesco Bank cuts loan rate to 6.4% APR
Tesco Bank has cut its interest rate on loans between £7,500 to £14,999 for new customers from 6.7% APR to 6.4% APR representative.
Barclaycard announces additional £100k in educational grants
More lone parents are set to benefit as Barclaycard announces £100,000 in additional funding for educational grants, as part of the award winning Horizons programme, to help lone parents with education and training to get back to work.
Unsecured loan rates have increased significantly since 2009
Analysis of the unsecured loan market by independent financial research company Defaqto has found that since the base rate reduced to 0.5% in March 2009:
Tesco Bank cuts loan rate
Tesco Bank has cut its interest rate on loans between £7,500 to £14,999 for new customers from 7.4% APR to 6.7% APR representative.
Payday loans market rife with poor practice, finds Which?
A Which? Money investigation has uncovered widespread poor practice in the payday loans market, including potential breaches of the Consumer Credit Act, poor privacy provisions and inflated APRs.
Brits spend £9 billion every month paying off debt
One in four people are using over 40 per cent of their wages each month just to pay off non-mortgage debt, according to research from MoneySupermarket.com.
Nationwide offers its lowest ever personal loan rate
Nationwide Building Society has cut its personal loan rate by 0.2%. This latest rate is the lowest personal loan rate ever offered by the Society and is open to both new customers and for new loans to existing customers.
M&S Money reveals market leading loan rate
M&S Money is reducing the rate on its personal loans from 6.7% to 6.4% APR (representative). The offer applies to personal loans between £7,500 and £15,000.
Steer clear of potential loan scams warns OFT
The Office of Fair Trading (OFT) is warning people to steer clear of scam loan companies who take upfront fees but fail to provide credit or offer clearly unsuitable credit alternatives.