Student loans could fall to zero percent
Deflation has occurred for the first time in the UK since the 1960s and the Retail Prices Index (RPI) figure has been used to track the interest rate payments on student loans.However there has always been much speculation as to what would happen if the RPI would turn negative and yet last month, this stopped [...]
Publ.Date : Sat, 25 Apr 2009 06:35:44 +0000

HSBC takes responsible lender accolade
HSBC this week secured the title of Responsible Lender of the Year at the Credit Today awards 2009.The commercial and consumer lending magazine applauded HSBC for its conscientious attitude towards lending.Joe Garner of HSBC UK said the bank is “proud” to be recognised for its “approach to responsible lending”.“To us, responsible lending is about knowing [...]
Publ.Date : Tue, 09 Jun 2009 13:07:00 +0000

Nationwide cuts rate on personal loans
Nationwide Building Society has cut the interest rate it charges on personal loans between £7,500 and £14,999.Typical annual percentage rate (APR) for newly taken out loans has been reduced from 8.2% to 7.9%.By comparison, RBS offers a typical APR of 8.9% for loans of this amount, whilst HSBC’s typical APR is 9.9%.“With this typical rate, [...]
Publ.Date : Fri, 08 May 2009 15:08:04 +0000

Student loan interest payments at 0%
The Government has announced this week that 2.5 million students will pay 0 percent interest on student loans from September.However, this slashes the hope that student loans, which are linked to the Retail Prices Index which has fallen to 0.4 percent, would mean that loans would be reduced accordingly.The Student Loans Company has stated [...]
Publ.Date : Thu, 14 May 2009 16:45:57 +0000

Student loans could fall to zero percent
Deflation has occurred for the first time in the UK since the 1960s and the Retail Prices Index (RPI) figure has been used to track the interest rate payments on student loans.However there has always been much speculation as to what would happen if the RPI would turn negative and yet last month, this stopped [...]
Publ.Date : Sat, 25 Apr 2009 06:35:44 +0000

?Staggering?loan rates up 44% in two years
Loan interest rates have seen a ’staggering jump’ over the past 24 months, according to Moneyfacts.co.uk.The average interest rate charged on unsecured personal loans has increased by up to 44% in two years, Moneyfacts said.According to the price comparison site, the average APR on a £5,000 has jumped from 8.6% in May 2007 to 12.4% [...]
Publ.Date : Fri, 08 May 2009 15:06:07 +0000

M&S gives 10% cashback on personal loans
M&S Money is offering 10% cashback to new customers taking out a personal loan.Borrowers will be given a 10% refund on the interest they’ve paid once their final repayment has been made.The offer is available until 11 August, and applies to loans paid back over a period of at least 36 months.Customers who repay the [...]
Publ.Date : Tue, 23 Jun 2009 12:54:44 +0000

Student loans could fall to zero percent
Deflation has occurred for the first time in the UK since the 1960s and the Retail Prices Index (RPI) figure has been used to track the interest rate payments on student loans.However there has always been much speculation as to what would happen if the RPI would turn negative and yet last month, this stopped [...]
Publ.Date : Sat, 25 Apr 2009 06:35:44 +0000

Loan sharks set to profit from recession misery
Financial difficulties caused by the recession will drive up the number of consumers borrowing money from illegal lenders and loan sharks, the Money Advice Trust (MAT) warned this week.Brits seeking a quick cash injection will be tempted by the lure of easy money that loan sharks appear to offer.“It could be that someone is worried [...]
Publ.Date : Mon, 01 Jun 2009 12:18:49 +0000

?Staggering?loan rates up 44% in two years
Loan interest rates have seen a ’staggering jump’ over the past 24 months, according to Moneyfacts.co.uk.The average interest rate charged on unsecured personal loans has increased by up to 44% in two years, Moneyfacts said.According to the price comparison site, the average APR on a £5,000 has jumped from 8.6% in May 2007 to 12.4% [...]
Publ.Date : Fri, 08 May 2009 15:06:07 +0000

Nationwide cuts rate on personal loans
Nationwide Building Society has cut the interest rate it charges on personal loans between £7,500 and £14,999.Typical annual percentage rate (APR) for newly taken out loans has been reduced from 8.2% to 7.9%.By comparison, RBS offers a typical APR of 8.9% for loans of this amount, whilst HSBC’s typical APR is 9.9%.“With this typical rate, [...]
Publ.Date : Fri, 08 May 2009 15:08:04 +0000

FSA bans lenders from selling PPI
The Financial Services Authority (FSA) has banned lenders from selling payment protection insurance (PPI) alongside unsecured personal loans.Starting today, banks and other loan providers are no longer allowed to sell PPI, the FSA has ruled.“No firms will be selling single premium PPI on unsecured personal loans from today following FSA intervention and action with the [...]
Publ.Date : Mon, 01 Jun 2009 12:23:41 +0000

M&S gives 10% cashback on personal loans
M&S Money is offering 10% cashback to new customers taking out a personal loan.Borrowers will be given a 10% refund on the interest they’ve paid once their final repayment has been made.The offer is available until 11 August, and applies to loans paid back over a period of at least 36 months.Customers who repay the [...]
Publ.Date : Tue, 23 Jun 2009 12:54:44 +0000

Loan sharks set to profit from recession misery
Financial difficulties caused by the recession will drive up the number of consumers borrowing money from illegal lenders and loan sharks, the Money Advice Trust (MAT) warned this week.Brits seeking a quick cash injection will be tempted by the lure of easy money that loan sharks appear to offer.“It could be that someone is worried [...]
Publ.Date : Mon, 01 Jun 2009 12:18:49 +0000

?Staggering?loan rates up 44% in two years
Loan interest rates have seen a ’staggering jump’ over the past 24 months, according to Moneyfacts.co.uk.The average interest rate charged on unsecured personal loans has increased by up to 44% in two years, Moneyfacts said.According to the price comparison site, the average APR on a £5,000 has jumped from 8.6% in May 2007 to 12.4% [...]
Publ.Date : Fri, 08 May 2009 15:06:07 +0000

FSA bans lenders from selling PPI
The Financial Services Authority (FSA) has banned lenders from selling payment protection insurance (PPI) alongside unsecured personal loans.Starting today, banks and other loan providers are no longer allowed to sell PPI, the FSA has ruled.“No firms will be selling single premium PPI on unsecured personal loans from today following FSA intervention and action with the [...]
Publ.Date : Mon, 01 Jun 2009 12:23:41 +0000

?Staggering?loan rates up 44% in two years
Loan interest rates have seen a ’staggering jump’ over the past 24 months, according to Moneyfacts.co.uk.The average interest rate charged on unsecured personal loans has increased by up to 44% in two years, Moneyfacts said.According to the price comparison site, the average APR on a £5,000 has jumped from 8.6% in May 2007 to 12.4% [...]
Publ.Date : Fri, 08 May 2009 15:06:07 +0000

?Staggering?loan rates up 44% in two years
Loan interest rates have seen a ’staggering jump’ over the past 24 months, according to Moneyfacts.co.uk.The average interest rate charged on unsecured personal loans has increased by up to 44% in two years, Moneyfacts said.According to the price comparison site, the average APR on a £5,000 has jumped from 8.6% in May 2007 to 12.4% [...]
Publ.Date : Fri, 08 May 2009 15:06:07 +0000

FSA bans lenders from selling PPI
The Financial Services Authority (FSA) has banned lenders from selling payment protection insurance (PPI) alongside unsecured personal loans.Starting today, banks and other loan providers are no longer allowed to sell PPI, the FSA has ruled.“No firms will be selling single premium PPI on unsecured personal loans from today following FSA intervention and action with the [...]
Publ.Date : Mon, 01 Jun 2009 12:23:41 +0000

Loan sharks set to profit from recession misery
Financial difficulties caused by the recession will drive up the number of consumers borrowing money from illegal lenders and loan sharks, the Money Advice Trust (MAT) warned this week.Brits seeking a quick cash injection will be tempted by the lure of easy money that loan sharks appear to offer.“It could be that someone is worried [...]
Publ.Date : Mon, 01 Jun 2009 12:18:49 +0000

Eight-million percent loan shark jailed
A ruthless loan shark who charged his victims interest at up to eight million percent has been jailed for eight months.Ian Jenkins, 43, targeted homeless people in Gloucester with illegal loans to fund their drug and alcohol habits.Taking personal documents and pin numbers as security, he charged 30% interest per day on the loans – [...]
Publ.Date : Thu, 11 Jun 2009 11:08:41 +0000

FSA bans lenders from selling PPI
The Financial Services Authority (FSA) has banned lenders from selling payment protection insurance (PPI) alongside unsecured personal loans.Starting today, banks and other loan providers are no longer allowed to sell PPI, the FSA has ruled.“No firms will be selling single premium PPI on unsecured personal loans from today following FSA intervention and action with the [...]
Publ.Date : Mon, 01 Jun 2009 12:23:41 +0000