Loans
Nationwide cuts personal loan rate
Nationwide Building Society is reducing its personal loan rate by 0.2% for both new customers and for new loans to existing customers.
Whopping wedding bills - take three years to pay off
We don't expect William and Kate to have this problem, but the average couple will take nearly three years to pay off their big day.
Don’t fall into the poor credit trap
With household finances at breaking point across the UK, many consumers will be looking to consolidate their debts or take out a new loan or credit card to give them some much needed financial flexibility.
Britain's debt tipping point
The average amount of personal debt, excluding mortgage debt, owed by individuals in the UK is £8,431, though it takes an additional £1,300 before it becomes a concern, according to new research from moneysupermarket.com.
Santander offer new lower online-only rates for personal loans
Santander is to make changes to its rates for unsecured personal loans available via its own website. These rates are available to new and existing customers and are effective from 09:00 on Friday 8 April 2011.
Family and friends key to raising awareness of free debt help
National debt charity Consumer Credit Counselling Service (CCCS) says that family and friends are key to preventing people paying for debt advice unnecessarily.
Payplan welcomes 'Stop the Debt Rogues' campaign
Payplan has welcomed the “Stop the Debt Rogues” campaign launched this week in the Daily Mirror. The Mirror’s campaign calls for a clamp down on the widespread bad practice by fee-charging debt management companies – with an estimated 400 firms operating in the UK, many are ripping off consumers and not paying their creditors.
Thousands seek debt help in the middle of the night
Thousands of people have been seeking help with their debts in the middle of the night according to national debt charity Consumer Credit Counselling Service (CCCS).
Rising unemployment and high inflation will lead to debt crisis
National debt charity Consumer Credit Counselling Service (CCCS) is warning that rising unemployment and high inflation will lead to a sharp rise in personal debt problems for thousands of people over the next few years.
Direct loans market showing signs of recovery
The latest market figures from the Finance & Leasing Association (FLA) show that direct loans increased for the third consecutive month, with new business in January up 27% compared with January 2010.
West One Loans completes over a quarter of all UK bridging loans
West One Loans, the privately funded bridging lender, has topped the latest table produced by the Association of Bridging Professionals (AOBP) detailing which bridging lenders completed the most cases in January 2011.
Better education will help reduce student debt, says Payplan
Numbers of parents seeking help to resolve their children’s student debt issues are rising, according to national free to client debt solutions and advice company Payplan.
Sainsbury’s Finance cuts personal loan rate
Sainsbury's Finance has reduced its best buy personal loan rate to a best buy 6.9% APR. Representative for loans between £7,500 and £14,999 until 29th March.
Savings suffer as consumers pay off debts in record amounts
New research from unbiased.co.uk, the professional advice website, reveals 2010 was a record year for consumers repaying their debts, but savings levels suffered as a result of it.
Rate war spreads to smaller personal loans
Anyone looking to take out an unsecured personal loan will benefit from a resurgence in the loans market, which has seen average rates across all lending amounts drop for the first time this year, according to analysis by moneysupermarket.com.