Loans
Santander offer financial hangover cure
Santander this week launched the lowest loan rate on the market, as well as bringing back their £100 current account switching incentive.
Knowledge is power when it comes to getting credit
With many people looking to consolidate their debts or take out new loans or credit cards moneysupermarket.com urges borrowers to take time to understand their credit file in order to make it work in their favour.
Let the 2011 personal loan rate war begin
A rate war has broken out in the personal loan market, which is great news for anyone looking to borrow this January. The average rate on the top 10 unsecured personal loans at £7,500 has fallen to 7.89 per cent - the lowest level since November 2008.
Loan shark warning
Housing and Communities Minister Alex Neil has slammed loan sharks for preying on Scotland's poorest communities and offering loans at astronomical rates of interest.
Personal loan rates cut as lenders battle it out
Andrew Hagger from Moneynet.co.uk looks at the latest moves in the personal loan market. In the last two weeks we have seen six big financial brands cut the interest rate on their personal loan products.
M&S Money reduces personal loan rate
M&S Money is reducing the rate on its personal loans from 9.9% APR to 7.5% APR (typical). The offer is available from 6th January 2011 and applies to personal loans between £7,500 and £15,000.
Number of personal insolvencies start to decline
Levels of personal insolvency are starting to decline following a steady upward trend over the last ten years says The Insolvency Service.
Debt and pensions were Brits biggest financial regrets in 2010
A survey of 1000 UK adults by direct bank first direct has revealed that a large proportion of the population regret not taking a longer term view of their finances.
Sainsbury's offers reduced rate on loans
Sainsbury's Loans has just introduced a reduced rate of 7.4% APR Typical for new customers applying online for loans between £7,500 and £14,999.
1 in 4 of debt charity’s clients receiving benefit or tax credit
Just over a quarter (26 percent) of a leading debt charity's clients claim one of the five main income replacement benefits.
Resolve to give your finances a boost in 2011
Brits could be saving over £3,600 in 2011 by taking time to review their finances and switching to more competitive deals. Despite over a third of Brits feeling they cannot make any savings in areas such as credit cards, home insurance and mortgages, research from moneysupermarket.com has found on average, people could save thousands of pounds over the next 12 months by switching to a better deal which suits their individual needs.
OFT works to raise doorstep lending standards
The OFT has announced it has taken targeted enforcement action and sent over 50 warning letters as part of its work to improve standards in the home collected credit (doorstep lending) industry.
Students overcharged by £15m, finds Which?
The Student Loans Company (SLC) has taken more than £15m in overpayments from ex-students, shows new research from Which?.
Online treatment to help debt and depression
Free online treatment for hundreds of thousands of Britons battered by debt starts this week. The new service has been created by the Consumer Credit Counselling Service (CCCS), working closely with the Centre for Mental Health Research at the Australian National University (ANU).
Loan apathy costing Brits dearly
One third of people who take out personal loans do not shop around, instead taking out the first loan they receive a quote for, according to research by Sainsbury's Finance. Additionally, 54 per cent of people chose their own bank or current account provider when choosing a lender and of these, 39% did not look elsewhere for a competitive quote.