Loan News

Archive for December, 2007

Personal loan repayment transparency should be emulated in credit cards

Personal Loans - Tuesday, December 18th, 2007

Credit cards, which carry rates of interest that are atypically higher than average, should clearly demonstrate repayment examples as a means to protect borrowers from potential financial difficulties.
A leading debt management firm made the suggestion, in response to a number of recently launched cards, which carry typical APR’s in excess of 30%. The firm claims […]

Ignorance towards personal credit profile lessens the chance of low rate loan success

Low Rate Loans - Friday, December 14th, 2007

A recently conducted study has revealed that almost ½ of all British consumers are “fluently in tune” with their personal credit profile, yet surprisingly, almost ¼ of Brits have absolutely no idea as to how their credit history looks, as they have never thought to review it.
A leading financial comparison site (responsible for the study), […]

Unsecured loans a cheaper alternative to store cards at Christmas

Unsecured Loans - Thursday, December 13th, 2007

One of the UK’s leading product review websites has recently advised Christmas shoppers to avoid the usage of store cards over the festive season.
Traditionally, store cards are one of the most popular forms of credit attainment during the holiday season, as they offer shoppers convenience, and also provide certain loyalty related benefits. However, it has […]

Compare secured loans and credit, to avoid overpaying

Secured Loans - Tuesday, December 11th, 2007

Almost 50% of UK consumers are paying over the odds for credit, suggests a new study.
One of the UK’s leading banking institutions has discovered that British credit shoppers are paying through the nose, as a result of not being thorough enough in their search for competitively priced financial products. The most prominent areas for concern […]

Cheap loans may become scarce in the New Year

Cheap Loans - Monday, December 10th, 2007

Cheap loans will become less available to consumers come 2008, as a result of changing economic conditions, suggests a new report.
A spokesperson for one of the UK’s largest credit action groups, has stated that due to the effects of the “so called” credit crunch, fewer lenders will be inclined to offer cheap rate loans in […]

Bad Credit Loans are Go…for 2008

Bad Credit Loans - Thursday, December 6th, 2007

There could be a certain degree of hope on the horizon for individuals struggling to obtain bad credit loans in today’s financial climate, suggests an industry analyst.
According to a recently released statement by one of the UK’s leading credit management charities, many personal loan and mortgage providers within the UK may start to loosen the […]

Old Christmas loans may fuel Debt Consolidation demand

Debt Consolidation Loans - Wednesday, December 5th, 2007

According to recent studies, more than 4 million people within the UK are still in the midst of repaying personal loan and credit card commitments, that were acquired for the purpose of coping with the financial strains associated to Christmas…last year.
One of the UK’s leading price comparison sites made the discovery whilst compiling a report […]

“Spare space” drives demand for home improvement loans

Home Improvement Loans - Tuesday, December 4th, 2007

More than half of all British home shoppers are drawn towards residential property, which offer some form of  “unused space” that can be used as part of a home improvement project.
Properties that are classed as having spare space, which can be developed to improve the standard of living for the occupant are almost 3 times […]

 
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