Loans
Borrow more – it can cost less!
Borrowers could end up paying less in repayments for larger loans than for smaller ones with the same lender according to Find.co.uk, UK consumer finance portal.
Sub six per cent personal loans – an endangered species?
Michelle Slade, personal finance analyst at moneyfacts.co.uk comments: “At this time of year, when many of us are still recovering from the after effects of our Christmas spending or perhaps trying to commit to our new years resolutions to sort out our finances, personal loan rates are creeping up again.
Customers could receive a refund by switching payment protection insurance
Customers with personal loans that include Payment Protection Insurance could get a significant refund if they seek a better protection deal and switch, according to the Post Office.
Millions wasted on personal loans from big high street banks
Borrower apathy and a lack of understanding of Annual Percentage Rates (APRs) could be costing UK borrowers over one quarter of a billion pounds, research from Alliance and Leicester Personal Loans reveals.
Borrow more – it can cost less!
Borrowers could end up paying less in repayments for larger loans than for smaller ones with the same lender according to Find.co.uk.
Personal loan bargains still available
January’s unexpected hike in base rates isn’t being reflected in higher personal loan costs – yet – says Moneyextra.com.
NCC welcomes new move against loan sharks
The National Consumer Council (NCC) is delighted that a scheme to tackle loan sharks will be rolled out nationally to help nearly 200,000 of the poorest, most vulnerable people escape the grip of illegal lenders.
Government announces roll out of projects tackling loan sharks
Today, the Chancellor of the Exchequer, Gordon Brown, announced new additional funding to enable the national roll out of a scheme to tackle loan sharks, with a project in every region.
Brits with good credit should not be paying more than 5.2% interest on borrowing
Zopa is the new ‘Best Value Benchmark’ for borrowing for those with a good credit history, having topped the uSwitch and MoneySupermarket best buy loan tables for well over a year.
Two more lenders drop out of the sub-6% personal loan market
Nick White, Director of Financial Services at independent price comparison and switching website uSwitch.com comments on two more lenders increasing APR’s and dropping out of the sub-6% personal loan market Northern Rock’s increase from 5.8% APR to 6.1% APR and Liverpool Victoria from 5.9% to 6.4%):
“Before I buy your house, can I see your credit rating?”
Almost three-quarters (71%) of adults in the UK incorrectly believe the people who lived at their address before them can affect their credit rating.
Personal loans to help cover tax bills
According to HM Revenue & Customs around 900,000 people missed last year's January self-assessment deadline and automatically incurred a £100 fine.
moneysupermarket.com: debt and insolvency in the UK
Commenting on debt and insolvency in the UK, Tim Moss, head of loans and debt at moneysupermarket.com, said: “People should be warned that IVAs are not a magic solution to their financial woes.
Debt consolidation loans to reach £4.8bn
January is one of the busiest months of the year for transferring balances between credit cards and for taking out personal loans for debt consolidation.
Beat the loan penalty trap
Loan firms are cutting back on penalty fees for borrowers who pay off their debts early, new research from MoneyExpert.com reveals. More than one in five loan firms now don’t charge early redemption fees.