Archive for January, 2010
Credit card borrowing costs are highest since 2006
The average loans interest rate charged during the month was the highest average interest rate since September 2006. The cost of credit card borrowing continued to increase during December, with lenders hiking their rates from an average of 15.89pc in November to 16.28pc. The interest charged during the month was the highest average rate since [...]
January 13, 2010
Tags: Credit Crunch, recession, sub prime loans Posted in: Uncategorized 
No Comments
Christmas takes three months to pay off on average
Britons are taking twice as long to repay their Christmas debts having spent an average of £435 on presents than a decade ago. Credit card holders are taking an average of 90 days to pay off the debt they built up over Christmas, more than a month longer than a decade ago, according to the [...]
January 12, 2010
Tags: Aussie loans rates, consolidate debt loans, Credit Crunch, recession, UK loans rates Posted in: Uncategorized No Comments
Sub prime lender may be about to re enter loans market
Sub prime lender Paragon announced last week that the buy-to-let lender was getting closer to starting new lending. Rumour has it that management at the group met with bankers and lawyers last week to discuss the resumption of lending. The company said last November that any improvements in funding markets would encourage it to look [...]
January 11, 2010
Tags: consolidate debt loans, Credit Crunch, home loans, Loan calculator, sub prime loans Posted in: Uncategorized No Comments
Bank of England freeze on UK interest rates continues
UK interest rates have been left at 0.5% following the Bank of England’s latest meeting. The cost of borrowing has been at a record low since March 2009 and economists do not expect the central bank to raise rates in the near term. The Bank’s Monetary Policy Committee (MPC) also maintained the quantitative easing (QE), [...]
January 8, 2010
Tags: Aussie loans rates, Bank of England, Credit Crunch, home loans-rates-UK, Interest Rates, Loan calculator, MPC, Quantitative Easing, uk recession Posted in: Uncategorized No Comments
UK loans interest rates could rise as early as March
UK loans interest rates could start to rise in two months’ time, according to one economist. Signs of an economic recovery and sharply rising inflation could force the Bank of England’s monetary policy committee (MPC) to consider raising rates early this year, an analysis by Henderson New Star indicated. The company’s “MPC-ometer” – a statistical [...]
January 7, 2010
Tags: Bank of England, home loans-rates-UK, Interest Rates, Loan calculator Posted in: Uncategorized No Comments
Beware credit card quick fixes
Credit cards are the number one source of outrageously high interest debt in this country and also the number one candidate for debt consolidation. Before the credit crunch, it was all too easy for most of us to obtain as many credit cards as we could pack into our wallets. Constantly bombarded with teaser rates [...]
January 6, 2010
Tags: consolidate debt loans, Credit Crunch, Loan calculator, loans, loans rates, sub prime loans, UK loans rates Posted in: Uncategorized No Comments
Beware quick fix loans can be expensive
Even a £100 loan can turn into a monster debt if you don’t pay it back on time. Short term loan firms will be expecting a bumper month as the post Christmas debt blues take their toll. Instant cash following a couple of quick text messages can help tide you over until payday, but the [...]
January 5, 2010
Tags: Credit Crunch, Loan calculator, loans, sub prime loans Posted in: Uncategorized No Comments
