Archive for December, 2009
Personal loans rationed as costs rise
UK borrowers looking to take out a personal loan will find it increasingly difficult as banks tighten their lending criteria and increase the cost of personal loans to limit the best deals to existing customers. The average rate of a best buy £5,000 loan has risen by 1.54 per cent since the beginning of the [...]
December 29, 2009
Tags: Interest Rates, Loan calculator, loans rates, UK loans rates Posted in: Uncategorized 
No Comments
Cost of UK loans close to Italy debt interest rates
The cost of borrowing for the British citizens has surged to within a whisker of Italian levels as global debt markets issue their damning verdict on the labour Government’s spending plans. The yield on 10 year gilts rocketed yesterday to 3.97pc, 46 basis points higher than costs on French bonds. Britain and France were neck [...]
December 24, 2009
Tags: consolidate debt loans, Credit Crunch, Interest Rates, labour liars, refinancing rates, sub prime loans, UK loans rates Posted in: Uncategorized No Comments
UK consumers pay off debts
New loans figures from high Street banks showed consumers are concentrating on paying off debts in the recession. Figures from the British Bankers’ Association (BBA) showed that total consumer credit has contracted by 2.2% over the last year. But the number of mortgage approvals for house purchases has reached the same level as two years [...]
December 23, 2009
Tags: consolidate debt loans, Credit Crunch, home loans, Loan calculator Posted in: Uncategorized No Comments
MPs review credit rating systems
A committee of MPs has recommended an investigation into whether consumers are being penalised for shopping around for loans. The report by the Treasury Committee failed to give any strong indication as to whether any changes should be made in the market. Consumer groups argue that multiple searches affect the rates that people might be [...]
December 22, 2009
Tags: consolidate debt loans, home loans, Loan calculator, loans, sub prime loans Posted in: Uncategorized No Comments
iPhone apps to help you save money
There are a growing number of “apps” that are designed to help you manage your money better. For those still getting to grips with the world of “apps” these are simply applications that can be downloaded to an iPhone or iPod Touch, two of the most search for products this Christmas. The iTunes store [...]
December 21, 2009
Tags: consolidate debt loans, Credit Crunch, home loans, sub prime loans Posted in: Uncategorized No Comments
Students loans let down by new labour spin
Every September the Student Loan interest rate changes based on the Retail Price Index rate from the previous March. This March’s RPI was -0.4% however most students who could have expected to see student loan balances reduced in line with this will be disappointed. Only Students who took out there loan pre 1998 will actually [...]
December 18, 2009
Tags: consolidate debt loans, Loan calculator, sub prime loans, UK loans rates Posted in: Uncategorized No Comments
Sainsburys Bank increases it’s UK loans market focus
As the UK’s personal and business markets improve Sainsbury’s appears to be focusing on the UK personal loans market. Customers who hold Sainsbury’s nectar loyalty cards are being offered cheap personal loans from between £5000 and £15,000 if they apply online. The more conventional rate is 8.1% but all holders of nectar cards are able [...]
December 17, 2009
Tags: Credit Crunch, home loans, UK loans rates, uk recession Posted in: Uncategorized No Comments
US to keep loans interest rates low
The Amercian US Federal Reserve repeated its promise to keep interest rates low for an extended period as economic activity remains weak. Releasing the minutes from its December meeting, the central bank committee left the lending rate at zero to 0.25 per cent. There has been no change to the rate since last December. The [...]
December 16, 2009
Tags: Bernanke, FED, home loans, Interest Rates, loans rates Posted in: Uncategorized No Comments
New debt repayment system talked about
A group which reports directly to the Cabinet Office and the Government’s chief scientific officer meets to discuss various proposals including setting up better co-ordinated “debt care pathways” between health professionals and debt advisers. The so-called “Foresight Project on Mental Capital and Wellbeing” will also look at the idea of a “voluntary register for bipolar [...]
December 15, 2009
Tags: consolidate debt loans, Credit Crunch, home loans, refinancing rates Posted in: Uncategorized No Comments
UK banks increase cost of personal loans
UK banks are being accused of profiteering as they increase the amount they charge for personal loans and limit the best deals to existing customers. The cost of a best buy £5,000 loan has risen 1.54 per cent since the beginning of the year to 10.78 per cent despite interest rates being at a historic [...]
December 14, 2009
Tags: Bank of England, home loans, Interest Rates, Loan calculator, loans Posted in: Uncategorized No Comments
