Money Saving E-Newsletter
Enter e-mail address to signup NOW!
You are here:
Home 
Loans Latest News DTI fund to aid debt recovery
Loans Latest News DTI fund to aid debt recovery DTI fund to aid debt recovery
People struggling with spiralling levels of personal debt could benefit from a new fund set up by the Department of Trade and Industry (DTI).
The £45 million DTI fund is intended to help organisations like Citizens Advice offer support and guidance for people in debt.
Despite last year's interest rate rises the appetite for loans and credit cards among Britons has not abated.
"I know the misery that debt can bring from my own mail bag," said consumer affairs minister, Gerry Sutcliffe. "There is some first rate debt advice currently available, but debt remains a problem for many people.
"This money will lead to more advice to help people find a way out of the debilitating problems that debt can cause."
People with debt problems often turn to consolidation loans to help sort out their finances.
The £45 million DTI fund is intended to help organisations like Citizens Advice offer support and guidance for people in debt.
Despite last year's interest rate rises the appetite for loans and credit cards among Britons has not abated.
"I know the misery that debt can bring from my own mail bag," said consumer affairs minister, Gerry Sutcliffe. "There is some first rate debt advice currently available, but debt remains a problem for many people.
"This money will lead to more advice to help people find a way out of the debilitating problems that debt can cause."
People with debt problems often turn to consolidation loans to help sort out their finances.
Friday, 24 June 2005 13:01
Top 5 Personal Loans
|
Loan |
Representative APR |
Min Loan |
Max Loan |
Min Term |
Max Term |
Apply |
|---|---|---|---|---|---|---|
| View Full Table > | ||||||
 |
6.8%
|
£7,500
|
£14,999
|
1 Year
|
5 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.8% (fixed) equals monthly repayments of £148 and a total amount repayable of £8,868. There are no other charges included in the total charge for credit. | ||||||
 |
8.2%
|
£5,000
|
£7,499
|
1 Year
|
7 Years
|
|
| Representative Example: £5000 borrowed over a period of 5 years at 8.2% (fixed) equals monthly repayments of £102 and a total amount repayable of £6,112. There are no other charges included in the total charge for credit. | ||||||
 |
6.1%
|
£7,500
|
£14,999
|
1 Year
|
10 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit. | ||||||
|
|
8.1%
|
£15,001
|
£25,000
|
1 Year
|
7 Years
|
|
| Representative Example: £15001 borrowed over a period of 5 years at 8.1% (fixed) equals monthly repayments of £305 and a total amount repayable of £18,293. There are no other charges included in the total charge for credit. | ||||||
|
|
6.1%
|
£7,500
|
£15,000
|
1 Year
|
7 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit. | ||||||
