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

Triodos to raise €90m for ethical lending
Triodos Bank has announced plans to issue €90 million of new shares.Money raised from the shares will be used to provide loans to sustainable projects.Set up in 1980, Netherlands-based Triodos provides loans to environmentally-friendly projects such as wind farms and organic agriculture.Since the credit crunch, the company has seen an upsurge in interest in its [...]
Publ.Date : Fri, 02 Oct 2009 12:22:50 +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

Triodos increases UK lending
Ethical bank Triodos increased its lending in the UK by nearly one third in the first half of this year.Current lending by the bank rose to £223 million, with a further £82 million in loan commitments that have yet to be drawn down.This £305 million total represents an overall lending increase of 29% compared to [...]
Publ.Date : Mon, 05 Oct 2009 11:47:48 +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

Consumers see few benefits from low base rate
Consumers have seen very little benefit from the Bank of England holding its base rate at a record low of 0.5% for six months, a consumer advice site pointed out this week.Interest rates on savings accounts have dropped, while rates on mortgages, credit cards, and personal loans have continued to rise, said Moneyfacts.co.uk.Research by the [...]
Publ.Date : Thu, 10 Sep 2009 15:03:06 +0000

Consumers see few benefits from low base rate
Consumers have seen very little benefit from the Bank of England holding its base rate at a record low of 0.5% for six months, a consumer advice site pointed out this week.Interest rates on savings accounts have dropped, while rates on mortgages, credit cards, and personal loans have continued to rise, said Moneyfacts.co.uk.Research by the [...]
Publ.Date : Thu, 10 Sep 2009 15:03:06 +0000

Lending to businesses falls for second consecutive month
In its latest “Trends in Lending” report, the Bank of England said the flow of credit to British businesses fell to £3.4 billion in May and followed a drop of £6 billion the previous month.During 2007, the normal levels of lending were £7 billion per month and £4 billion in 2008 – when the credit [...]
Publ.Date : Tue, 21 Jul 2009 08:59:13 +0000

Savings down as consumers opt to repay debt
Figures from the Building Societies Association (BSA) have revealed that consumers are opting to repay debt rather than save amid the historically low interest rate environment.According to the BSA, savings balances held by building societies fell by £-929 million in October compared to an increase of £545 million a year ago, when interest rates stood [...]
Publ.Date : Mon, 30 Nov 2009 10:47:56 +0000

Car loans rise following launch of ‘cash for bangers’ scheme
Research from Sainsbury’s Finance has found that since the launch of the Government’s scrappage scheme in May, an estimated £61.2 million of personal loans per month have been taken out to purchase cars, compared with a monthly average of £44.7 million in 2009, prior to the scheme.The scheme, which pays consumers £2,000 to get [...]
Publ.Date : Wed, 28 Oct 2009 08:49:32 +0000

Graduates too poor to pay back student loans
Half the university students who graduated since tuition fees were introduced are too poor to pay back their student loans.Of the 1.4 million graduates who started university after 1998, 702,000 are earning too little to pay back debt accrued whilst studying.Repayments are triggered when graduates start earning at least £15,000 per year; over half a [...]
Publ.Date : Sun, 26 Jul 2009 09:00:31 +0000

Graduates too poor to pay back student loans
Half the university students who graduated since tuition fees were introduced are too poor to pay back their student loans.Of the 1.4 million graduates who started university after 1998, 702,000 are earning too little to pay back debt accrued whilst studying.Repayments are triggered when graduates start earning at least £15,000 per year; over half a [...]
Publ.Date : Sun, 26 Jul 2009 09:00:31 +0000

Rates soaring on personal loans
Consumers taking out a personal loan are “paying through the nose” due to soaring interest rates.Banks are now charging an average APR of 10.32% on personal loans even though the Bank of England’s base rate has been held at a record low of 0.5%.This compares to an average personal loan APR of 8.71% in 2004.“Despite [...]
Publ.Date : Tue, 25 Aug 2009 16:46:22 +0000