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.
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.
Turkey on tick? Crackers on a credit card? Presents on a payment plan? Ideally, we’d all have saved up well in advance for our Christmas shopping this year, but it’s been a hard twelve months for many families. The reality is that many people will look to borrow in order to make Christmas a better [...]
The price of used cars seems to be rising as old vehicles are scrapped to make way for new. At the same time, stocks of nearly new cars are falling – a knock on effect of the drop in new car sales in recent years. Pendragon, Britain’s biggest car dealer, recently reported it had seen [...]
Debt is a fact of life. We live in a society where being in debt is actively encouraged. From student loans, interest-free overdrafts, credit cards and car finance to taking out a mortgage to buy your first home and equity release deals for the older generation. After you leave school no matter what stage of [...]
