Latest Loans News
The latest news on loans and lending:
April 23, 2008
Welcome Car Finance, which specialises in loans to those with a poor credit rating, has withdrawn funding from hundreds of independent dealerships and is to concentrate on its own outlets.
The group aims to focus on this business as it is more profitable than providing finance to third-party dealers.
The move by the group will mean the thousands ...
Welcome Car Finance to concentrate on its own outlets
by Kay Murchie
December 19, 2007
Since the start of the global credit squeeze, banks and lenders are tightening their lending criteria meaning borrowers are struggling to get credit.
These borrowers are turning to sub-prime lender, Provident Financial, who specialise in short-term, unsecured cash loans, generally between £50 and £500. Local agents deliver the money to their customers’ homes and call on a weekly basis to collect ...
Provident Financial picking up high risk customers
by Kay Murchie
November 9, 2007
Almost 50% of those applying for loans have been rejected - up from a third just 6 months ago. In addition, lenders have tripled their rates for high risk customers.
Several loan providers have indicated that they are to pull out of the unsecured loan markets as the scarcity of credit continues following the summer’s sub-prime credit crisis, furthermore, loan rates have been driven ...
Higher loan rates inevitable
by Kay Murchie
October 15, 2007
Interest rates on personal loans have been cut at Barclays by up to 0.6%, while its rivals are increasing rates following the global credit squeeze as a result of the problems in the US sub-prime mortgage market.
Barclays is offering a rate of 6.8% on the Barclayloan Plus product, which is aimed at existing customers and the bank is certain it can ...
Personal loans rate cut at Barclays
by Kay Murchie
September 18, 2007
Alliance & Leicester has declared that its new personal loan rate is the best in the UK. The new interest rate is 6.3% and is on offer to new customers as well Premier and Premier Direct holders and is available from September 17th to November 4th.
A spokesperson for the Alliance & Leicester said borrowers can take advantage of the ...
Best loan rates from the Alliance & Leicester
by Kay Murchie
August 8, 2007
Research from Experian, the global information solutions company, has shown that a consumer without credit history may encounter difficulties due to the fact that lenders have nothing on which to base their decision.
Experian commented that the amount of people opting not to register on the electoral roll is also an obstruction - this is the most important method of assessing ...
No credit history could be a setback
by Kay Murchie
Loan rates continue to increase
by Kay Murchie
May 17, 2007
A new study from moneysupermarket.com shows that loans such a debt consolidation loans and homeowner loans are cheaper than they have been in recent memory. The price comparison website has found that the difference between the Bank of England’s base interest rate and average interest rates for all kinds of loans has narrowed.
In March 2003, ...
Difference between Bank of England interest rate, loan interest rates narrows
by Elaine Frei
February 23, 2007
As if the traditional loans, the credit cards, and the banks weren’t taking enough of the average man’s wages – now tax preparers are popping up to take the tax refund even before it makes it to the people’s hands. It’s not “interest rates” that are eating up the tax refunds. Instead, companies are calling it an advancement fee or extra fee. Basically, the company that does ...
Refund Loans - Don’t Go There
by Kathyrn LangAs if the traditional loans, the credit cards, and the banks weren’t taking enough of the average man’s wages – now tax preparers are popping up to take the tax refund even before it makes it to the people’s hands. It’s not “interest rates” that are eating up the tax refunds. Instead, companies are calling it an advancement fee or extra fee. Basically, the company that does ...
February 13, 2007
The consumer is gaining more control over lending options with the introduction of flexible loans. These new loans are a result of flexible banking. This practice allows the interest that comes from a savings product be used to offset interest on borrowing products.
As the popularity of flexible banking continues to increase, it is likely that ...
Flexible Loans – The Wave of the Future
by Kathyrn Lang
Consolidation Loan – When Is It Right
by Kathyrn Lang
Bridging Loan – the Who, What, and Why
by Kathyrn Lang
January 30, 2007
It is possible to get a loan even with a bad credit rating, but is it the best idea? Bad credit loans have a higher interest rate, higher penalties, and cost more in the end than traditional loans. Before choosing to go down the road of a bad credit loan, take evaluate the circumstances surrounding the need. 1) Will the bad credit loan be a bandaid to bad budgeting and spending habits? ...
Bad Credit Loans Aren’t Always A Good Idea
by Kathyrn LangIt is possible to get a loan even with a bad credit rating, but is it the best idea? Bad credit loans have a higher interest rate, higher penalties, and cost more in the end than traditional loans. Before choosing to go down the road of a bad credit loan, take evaluate the circumstances surrounding the need. 1) Will the bad credit loan be a bandaid to bad budgeting and spending habits? ...
Bad Credit Loans - Who Makes Them, Who Gets Them
by Kathyrn LangJust how bad does credit have to before a loan company refuses a bad credit loan? Have you ever tried this tongue twister? As hard as it is to say, it’s just as hard to answer. The difficulty lies in the fact that the question comes in two parts – the lenders and the borrowers. The Lenders Banks are the most conservative of the lending institutions. These companies have to ...