March 9, 2010
APR on £5,000 loan soars to 13.9%
Story link: APR on £5,000 loan soars to 13.9%
It appears that despite interest rates being held for one year at the historic low of 0.5%, rates on personal loans continue to soar.
Research carried out for The Independent by personal finance group Defaqto found the average annual percentage rate (APR) on a £5,000 loan has soared to 13.9% from 9.8% in the last two [...]
February 4, 2009
Instant easy loans
Story link: Instant easy loans
We have all had it, bills on there way, or a car that needs fixing urgently, but you don’t get paid for another 14 days. An instant loan is any easy way to solve these problems, although once you open your first loan, you may change your strict way of financial thinking and end up [...]
Bad debt and unsecured loans
Story link: Bad debt and unsecured loans
Our country has spiralled way out of control over the last few years, with people finding it easier to apply for a small to medium sized loan rather than get a few extra shifts at work or a part time job. Those times are hopefully over, well, they have to be for the future stability [...]
Cash loans
Story link: Cash loans
Cash loans are an unsecured way of people requiring funds to obtain a loan without putting down property as a form of security. They are available to all UK citizens, as long as they pass credit checks and are over the age of 18.
Cash loans
The cash loans are crafted with intelligence for the people of [...]
Darling’s bank talks
Story link: Darling’s bank talks
It is good to see that the financial world is finding some security within the fact that Chancellor Alistair Darling took the initiative to suggest setting up a bad bank. Whether this is actually the correct decision; only time will tell.
Darling’s bank talks
Chancellor Alistair Darling’s suggestion that the government may set up a “bad bank” [...]
January 8, 2009
Interest rate drop, why?
Story link: Interest rate drop, why?
The rates have been cut, it was a long time coming and after many talks, the Bank of England has cut the rate to 1.5 percent for the time being, with further possibilities of further cuts in the future if things don’t change for the better over the next few months.
Interest rate drop, why?
Unless everyone [...]
December 31, 2008
Brace yourselves for 2009
Story link: Brace yourselves for 2009
How much longer can the Government afford to keep the banks afloat though, as bad debt is hardly likely to decrease in the New Year?
Personally, I don’t feel banks can keep them selves afloat for at least 12 months, which means the Government needs to have deep tax payers. This cost will be passed onto [...]
December 30, 2008
Car Maker Loans
Story link: Car Maker Loans
Lets hope that something does come of this and that both parties involved can stabilize their operations financially otherwise we could be seeing a mass of unemployment over in the US, not to mention the amount of suppliers that would be directly affected.
Car Maker Loans
Emergency loans for two of the nation’s top automakers didn’t materialize [...]
Cut your debts
Story link: Cut your debts
Its only natural that people that have lent money will want to pay it off as soon as possible as job security slowly disappears for the whole of the UK.
What I do wonder though, is if borrowers lent money when they had secure incomes coming in, how can they pay it off if there is [...]
December 27, 2008
Mortgage Approvals down, down, down
Story link: Mortgage Approvals down, down, down
Its not really the time of year for purchasing houses, so of course the approvals are going to be down on last months, but it would be interesting to see what the approval rates were this time last year.
Mortgage Approvals down, down, down
The number of mortgages approved for home purchase slumped to a fresh record [...]