Archive for December, 2009
The cost of fixed rate loans tumbles
The cost of fixed rate loans continued to fall with two more lenders cutting the interest rates they charge on the deals. Nationwide and Abbey became the latest groups to announce they were reducing rates on their fixed rate deals. They followed other major lenders such as Cheltenham & Gloucester, first direct, the Post Office [...]
December 11, 2009
Tags: home loans, Loan calculator Posted in: Uncategorized 
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UK loans interest rate remains at 0.5%
The Bank of England has held UK loans interest rates at the record low of 0.5% in a widely expected move. It also announced no changes to its programme of pumping newly-created money into the economy – so-called quantitative easing (QE). In November, the Bank of England said it would inject another £25bn, taking the [...]
December 10, 2009
Tags: Credit Crunch, home loans, home loans-rates-UK, Quantitative Easing Posted in: Uncategorized No Comments
Half of borrowers rely on high cost loans to survive
Half of borrowers rely on high cost loans to survive, the Office for Fair Trading (OFT) has disclosed. The figures come just a fortnight before Christmas, when consumers traditionally face a sharp rise in their outgoings – and it paves the way for borrowers to wake up with a financial hangover in the New Year. [...]
December 9, 2009
Tags: Credit Crunch, loans rates, recession, sub prime loans, UK loans rates Posted in: Uncategorized No Comments
Students disappointed by broken loans principle
Each September the student loans rate changes, based on the Retail Price Index (RPI) 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 their loan pre 2008 will actually [...]
December 8, 2009
Tags: consolidate debt loans, Credit Crunch, loans, sub prime loans Posted in: Uncategorized No Comments
Loans comparison websites can be misleading
Loans comparison websites, used by millions of consumers every month, are “misleading” because they give greater prominence to companies willing to pay their fees, according to industry experts. They warn that families who rely on these websites could miss out on hundreds of pounds on the best credit card and loans deals. Price comparison websites [...]
December 7, 2009
Tags: Credit Crunch, Loan calculator, loans, loans rates, sub prime loans, UK loans rates Posted in: Uncategorized No Comments
Lenders warned not to mislead customers over debts
Lenders must not mislead borrowers that their debts are enforceable, when in fact they are not, the Office of Fair Trading (OFT) says. The regulator also says many debtors have, in turn, been misled about their ability to escape their debts. The OFT’s comments are part of an intervention in a series of High Court [...]
December 4, 2009
Tags: Loan calculator, loans, sub prime loans Posted in: Uncategorized No Comments
Bank customers prefer bounce payments rather than be overdrawn
Nearly half of consumers would like banks to block payments that would take them into an unauthorised overdraft, a survey has showed. Around 46pc of people said they would prefer banks not to process payments if doing so took them into the red or breached their agreed overdraft limit, according to consumer group Which?. Only [...]
December 3, 2009
Tags: consolidate debt loans, Loan calculator, sub prime loans, UK loans rates Posted in: Uncategorized No Comments
500,000 borrowers seek debt advice in three months
The number of people contacting Citizens Advice for help with debts soared by a fifth during 2009. The charity said it dealt with 573,000 inquiries from people struggling to keep up with their borrowing during the three months to the end of September, 21pc more than during the same period of the previous year. Debt [...]
December 2, 2009
Tags: consolidate debt loans, home loans, Loan calculator, loans, sub prime loans Posted in: Uncategorized No Comments
UK consumers repay record levels of debt
Consumers repaid a record level of unsecured loans and credit card debt during October as they continued to focus on improving their finances in the face of the recession. The figures will reinforce suggestions that Britain will be slow to emerge from its worst recession in decades as the cost of repaying multi-billion bank bailouts [...]
December 1, 2009
Tags: Aussie loans rates, consolidate debt loans Posted in: Uncategorized No Comments
