Loans
Getting your credit profile into shape in 2014
With post-Christmas credit card bills hitting door mats over the coming weeks, many UK households will be looking to consolidate their debts in order to get their finances in order.
Checking your credit report - One of the first steps to dealing with debt
Equifax, the online credit information provider, is providing helpful insight to consumers into how debt looks on an individual’s credit report as part of Debt Awareness Week. It is also confirming that it is continuing to provide free access to credit reports for anyone seeking advice and assistance from the debt advice charities.
Loan market hots up again with the launch of exclusive low rate loan
Average rates on the top five personal loans have fallen again for the second time in two months, according to analysis by MoneySuperMarket.
New from Santander lower personal loan rates
For a limited period only, Santander is to reduce APRs on personal loans between £3,000 and £10,000 when taken out for the purpose of debt consolidation.
January offers for Nationwide customers
Nationwide Building Society has launched a series of exclusive offers for its main current account customers. This includes a credit card cashback offer and a reduced personal loan rate; just two of a number of ‘Flexclusive’ offers that are available.
Clydesdale and Yorkshire launch their lowest ever personal loan rate
Clydesdale Bank and Yorkshire Bank have dropped their rate for unsecured online personal loans between £7,500 and £15,000 by 30bps.
AA cuts personal lending rate as New Year realities hit home
AA Financial Services has slashed its personal lending rate to 4.8% APR Typical for loans between £7,500 and £15,000 to AA members (4.9% for non-members).
Most payday loans used for ‘everyday expenses’, not just ‘emergencies’
The most popular use of a payday loan is for everyday expenses like groceries and not just for emergencies like fixing a boiler or repairing a car, according to new polling for the think tank IPPR.
Payday mayday - new cap will encourage borrowing
The majority of Brits (84%) are in support of Government plans to introduce a cap on the cost of payday loans, however it may encourage some groups of people to take on debt, according to the latest research from Amigo Loans.
New from Santander ‘10-day special’ personal loan rates
For 10 days only from Monday 9 December through to midnight on Wednesday 18 December, Santander is to reduce APRs on personal loans between £5,000 and £15,000.
Average adult has £3,249 in unsecured debts
Brits estimate that they currently owe an average of £3,249 in personal loans, car finance, unpaid credit and store cards and overdrafts.
Cap on payday loan costs is welcome, but more still needs to be done
In response to the Government announcement that it will be introducing a new law to cap the cost of payday loans, Michael Ossei, personal finance expert at uSwitch.com, says: “While the Government’s announcement is a step in the right direction, putting a cap on interest rates does not solve the real issue of short-term lending.
Loan market hots up with launch of the lowest ever personal loan rate
Average personal loans rates on the top five personal loans at £7,500 has dropped to the lowest average rate on record, according to analysis by MoneySuperMarket.com, following the launch of the UK’s lowest ever rate of just 4.6 per cent APR.
Over 65s have lent £1.2 billion to loved ones in the past 12 months
Some people are turning to their elders to cover the cost of holidays, nights out and other expenses, according to a new study from Gocompare.com.
Cost of unsecured loans at six year low
Sainsbury’s Bank has announced a flash loan sale, reducing the rate on its Standard Personal Loans from 5.1% to 4.9%APR Representative. During the sale, if the repayment term is between one to three years, the rate becomes 4.8% APR Representative.