Personal Loan News Archive History

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  • Cheapest loans down to just 6%
    Personal loans are set to become highly competitive again after M&S Money reduced its loan rate down to 6% APR, the lowest level for a personal loan in four years.   The 6% rate applies to loans between £7,500 and £15,000 ...
    Fri 6th Jan, 2012
  • Avoid the trap of payday loans
    Consumer watchdogs are warning vehemently that consumers take note of all the risks before taking out a 'payday loan'.   The private lending industry, glamorous in its advertising and marketing but often merciless in its ...
    Thu 8th Dec, 2011
  • Nationwide announces lowest ever personal loan rate
    Nationwide has announced its lowest ever rate for a personal loan, with effect from today.     The building society has reduced its personal loan rate to 6.1% APR for loans between £7,500 and £15,000, or 6.2% for ...
    Thu 10th Nov, 2011
  • Business confidence low amid bankruptcy predictions
    Confidence among small and medium-sized businesses is low, while failures stand at a two-year high. Quarterly reports from the Confederation of British Industry showed that, of 412 responding firms, 26% announced that they ...
    Mon 7th Nov, 2011
  • Remortgaging and personal loans better than student loans?
    There could be better ways of financing students, one university believes. The University of Surrey, based in Guildford, has been holding discussions with banks over student finance, and questions whether the student loans ...
    Mon 31st Oct, 2011
  • Payday loans 'rising in popularity'
    Many people are considering loans to see them through the month. Payday loans are an increasingly popular option for those who are struggling to get through a full month without financial help.Una Farrell, a spokeswoman at ...
    Fri 7th Oct, 2011
  • Credit Action: Unsecured lending is rising again
    Many people are choosing loans to bolster their coffers. A number of Britons are choosing to boost their current accounts by taking out loans, it has been claimed. Liz Dunscombe, director of project and partnership ...
    Fri 7th Oct, 2011
  • HSBC cuts personal loan rate
    HSBC has reduced the rate of its personal loans. Individuals requiring a personal loan may be interested in a new deal on offer from one financier.Following the recession, many Britons have found it tough to make ends meet ...
    Mon 3rd Oct, 2011
  • Payday loans 'are ridiculously expensive'
    Payday loans must only be used as a last resort, an expert has warned. Short-term personal loans must only be used as a last resort due to their excessive interest rates, a financial expert has said.In the wake of the global ...
    Thu 29th Sep, 2011
  • Sainsbury's reduces personal loan rate
    Sainsbury's has reduced its personal loan rate. Consumers with Sainsbury's savings who are exploring the possibility of taking out a personal loan may be interested in a new offer from the financier.As of yesterday ...
    Wed 31st Aug, 2011
  • Nationwide slashes personal loan rate
    Nationwide has reduced its personal loan rate. Britons seeking the most attractive personal loan rates on the market following the recession may be interested in a new deal on offer from one financier.In news that may be of ...
    Tue 30th Aug, 2011
  • Students 'will benefit from govt's new loan scheme'
    A new student loan scheme will benefit scholars, it has been said. Student account holders are set to benefit in the long-term from the government's new loan system, an expert believes.Recently, the Conservative-Liberal ...
    Thu 25th Aug, 2011
  • Payday lenders 'are loan sharks in disguise'
    An expert has urged people to avoid payday loans. Consumers have been urged to resist the temptation of taking out short-term personal loans in order to make ends meet in the present economic climate.Following the recession, ...
    Fri 19th Aug, 2011
  • Expert: No template to deal with loan debts
    Debts are an individual problem, it has been said. There is no template for people to follow when it comes to dealing with debts accrued on personal loans or credit cards, an expert has said.During the recession, an ...
    Thu 11th Aug, 2011
  • Payday loans 'must be treated with caution'
    Payday loans can be dangerous, an expert has said. Payday loans should only be considered by individuals if they have absolutely no other options available to them in an emergency, a financial specialist has said.Throughout ...
    Fri 5th Aug, 2011 (1 Comment)
  • Britons 'borrowing less as financial understanding grows'
    People are borrowing less frequently as they know more about money, it has been said. Britons are beginning to use finance options like credit cards and personal loans less frequently as they become more aware of their ...
    Mon 18th Jul, 2011
  • Expert: Payday loans are "legalised robbery"
    An expert has warned against taking out payday loans. Consumers must be wary of the long-term effects when opting to take out a payday loan, an expert has said.The aftermath of the global economic downturn has seen the ...
    Tue 5th Jul, 2011
  • Payday loans 'becoming more popular than traditional credit'
    A growing number of people are taking out payday loans, it has been said. Many consumers in the UK are deciding to opt for payday loans as a way of making ends meet instead of traditional lending methods such as credit ...
    Thu 16th Jun, 2011
  • FSA: Temporary extension for loans providers with PPI complaints
    Organisations may have longer to deal with complaints surrounding the insurance issue. Loans customers who have issued complaints to their banks regarding payment protection insurance (PPI) could find the organisations now ...
    Mon 13th Jun, 2011
  • Merlin targets 'to deal with low loan volumes'
    The scheme appears to be working when it comes to lending targets. More loans are being granted thanks to the work carried out in the Project Merlin accord, it is claimed.An article in today's (June 13th) Financial Times ...
    Mon 13th Jun, 2011
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