After years of high interest charges following the first signs of the British credit crunch, personal loan lenders are at last becoming more competitive and affordable.
Unless you have been living on the moon for the last couple of years, it is hardly a secret that the economy is in a mess. There is a common misconception that it is almost exclusively those who have lost their job, or who are on low incomes, that are suffering.
Living with debt has become as much an accepted part of modern life in the UK as mobile phones, high house prices and fake tan. All of which might indirectly be contributing to the piles of debt we have stashed away.
Bankers are pulling their best fixed rate deals like there’s no tomorrow.
But you can use a little-known trick of timing to avoid missing out on a long-lasting low rate feast. Here’s what lenders are up to — and if you want to lock in lower mortgage rates any time in the next three months, here’s why you should act straight away.
The British appetite for payday loans is rising, according to new figures. Four times as many of these loans are being taken out now than in 2006, say the new Consumer Focus figures. But what lies behind the growth of interest in these pricey loans? We take a look at the reasons people take out payday loans as well as ways you can reconfigure your finances to avoid using expensive short-term borrowing options.
What’s so bad about tied products? To listen to some consumer champions you’d think deals that restrict a mortgage or loan only to those who hold a current account with a bank were always bad news.
But often tied products are much better deals then they are given credit for. That’s why guest blogger Robyn Hall believes we shouldn’t jump in too soon to write them off.
