Loans
Nationwide offers personal loans rates of 7.7%
With effect from Thursday 6 August 2009, Nationwide will be reducing its personal loan rate to offer a marketing leading rate of 7.7% typical APR for loans of between £5,000 and £14,999 for its current account customers.
Brits begin to ditch the debt
Research conducted by moneysupermarket.com has found that whilst more people are paying off their non-mortgage debt than increasing it, more than half of the UK's adult population is still carrying an average of £6,956 non-mortgage debt.
Stronger protection for consumers borrowing money
Consumers taking out new deals on credit and store cards and personal loans are set to benefit from enhanced protection.
Lenders shy away from unsecured borrowing
Latest figures from Moneyfacts.co.uk show a 37% drop over the last two years in the number of lenders offering unsecured personal loans.
£60m worth of loans taken out for dental treatments
Around 6,900 personal loans worth an estimated £60.2 million have been taken out either wholly or partially to fund dental surgery in the UK since the beginning of 2007, according to Sainsbury's Finance.
Seven not so magnificent loan providers up rates by 1%
In just four weeks, seven unsecured personal loan providers have implemented rate hikes of 1% for new personal loan customers, increasing the average loan rate from 8.74% to 9.07% compared to this time last year.
‘Green shoots of recovery' lead Brits back to debt
With news that we are near the end of the recession all around us, research from Unbiased.co.uk, the professional advice website, reveals that the so called ‘economic optimism' has led Brits straight back down the debt path.
Citizens Advice warns of overzealous use of charging orders
Lenders are increasingly threatening customers with charging orders as a tactic to intimidate debtors into paying unaffordable amounts says a new report out today from national charity Citizens Advice.
Shrinking credit market may put consumer choice at risk
The consumer credit market is shrinking and consumers could face even less choice and reduced availability in future, according to the Finance and Leasing Association (FLA), which today published its latest consumer lending figures.
OFT warns consumers about 'Debt Sale' scams
The OFT is warning consumers not to be taken in by businesses claiming to help them become debt free by 'buying' or 'selling on' their debts.
M&S Money offers 10% cashback reward on personal loans
M&S Money is offering a 10% cashback reward to customers who take out a personal loan between 24th June and 11th August 2009.
Regular PPI as expensive as single premium
Which? has found regular premium payment protection insurance (PPI) with unsecured loans that costs as much as single premium PPI.
Payment protection insurance: Have you checked yours?
Claims for mis-sold payment protection insurance are on the up; in fact cases have doubled every month for the last six months at Fairinvestment.co.uk's partner firm Claims Financial.
UK's outstanding debt overtakes annual salary earning
As the recession continues, new figures from Confused.com highlight the levels of debt British homes are exposed to, as people owe more than they earn in a year.
Sainsbury's one of just four lenders in "Sub 8% Loans Club"
New research from Sainsbury's Loans reveals that there are currently just four lenders, of which it is one, offering an APR of less than 8% on unsecured loans on loan amounts between £5,000 and £15,000.