Archive for the ‘Loans’ Category

Inflation reaching 3.7 per cent last month means most of us are now losing money on our savings - here's how to make sure you are not. Full story

Coming to the end of your 0% deal on the Virgin credit card? Or any other for that matter. We show you what to do next. Full story

If you are planning on applying for the current Sainsbury's personal loan at a rate of 7.9% APR typical, you have until Tuesday 26th January. The product is available for loans of between £7,500 and £15,000. Nectar card holders applying successfully for a loan will also benefit from double Nectar points on their ... Full story

Despite a rocky start, it seems the Government's car scrappage scheme is succeeding in its mission to stimulate the motor vehicle market in the UK. The UK car scrappage scheme was announced in the Budget speech on April 22nd, and allows owners of cars and small vans registered before 31st August 1999 to trade ... Full story

The Financial Services Authority (FSA) has revealed a package of measures to protect consumers in the Payment Protection Insurance (PPI) market and ensure they are better treated when buying PPI or complaining about it. Single premium PPI products have long been controversial, particularly with consumer watchdogs who claim that the policies are misleadingly front-loaded, accrue outrageous interest, and have strict pay-out terms and conditions. In early ... Full story

Decline in the consumer credit market continues, but the contraction rate has stabilised, according to new figures published today by the Finance & Leasing Association (FLA). Overall, business written by FLA members, who provide secured and unsecured loans, credit and store cards, and motor finance, fell by 17% in July 2009 compared with the same month in 2008 – a difference £11 billion. New consumer ... Full story

The personal loans market has shrunk by 37% in the last 12 months and rate have climber, according to new research from uSwitch.com. According to the report, since the start of September, three unsecured personal loan providers have implemented rate hikes of up to 1.2% for new customers. This product ‘tweak', although seemingly small, could ... Full story

You might think gap years are just for students, but it seems many working Brits are choosing to take a year out later in life, according to new research by Halifax Unsecured Personal Loans The Halifax research found that almost half (49%) of 55-64 years would like to take time out to travel and over ... Full story

If you are hoping to secure a personal loan , you can now expect to pay around 10.32% APR, according to calculations from moneysupermarket.com. Although the Bank of England base rate is currently at an all time low of just 0.5%, consumers are, on average, paying almost 10 percentage points above this for their loan. ... Full story

Nationwide has announced the launch of a new personal loan product with a typical APR 7.7%. From today, this new personal loan rate will be available on loans of between £5,000 and £14,999 for its current account customers only. Nationwide claims that this makes it the lender with the lowest personal loan rate in the UK, beating the supermarkets and all the high street banks. Chris Rhodes, ... Full story