Items tagged with: interest rates
Car loans 'up by a fifth' in March
22 May 2012
If you're thinking about taking out a loan to buy a new car in the near future, you might be pleased to learn that the number of cars bought on finance increased by more than a fifth (22%) in March.
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90% mortgages 'getting cheaper'
18 May 2012
The average interest rate on a 90% LTV (loan-to-value) mortgage has been falling steadily over the last five years, research by Moneyfacts.co.uk shows - despite concerns about the problems they can cause homeowners.
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Bank rate: low for at least one more year
14 May 2012
The Bank of England's base rate is expected to stay low for another year at least, according to analysts IHS Global Insight. While it's good news for plenty of homeowners, savers won't be pleased.
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Could a credit card now be cheaper than a loan?
9 May 2012
In the past, personal loans have been preferred over credit cards for long-term borrowing. This is because, over a long period, credit cards could traditionally cost you a lot more in interest.
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Payday lender launches small business loans service
8 May 2012
Payday loan provider Wonga.com has launched a new service that could give small businesses access to loans almost as quickly as its consumer loan customers.
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Will debt consolidation freeze my interest?
8 May 2012
There are different types of debt consolidation, and only some of them can freeze interest on your debts.... read more »
Savings rates 'on the up' - but check your own rate isn't falling
18 April 2012
The average interest rate on an easy-access savings account has risen above 1% for the first time in two years, according to Moneyfacts.
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Credit cards: when the rate rises…
19 March 2012
What are your options when you hear that the interest rate on your credit card is about to rise? Drawing on a few experts' opinions, an article in yesterday's Independent takes a look at the question.... read more »
Could a credit card help 'repair' your credit rating?
13 February 2012
The charity National Debtline has said that it currently deals with five times as many cases involving a payday loan as it did 18 months ago, This is Money reports - due in part to people with a damaged credit rating looking for alternative forms of credit.
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Overdraft debts 'more expensive than ever'
1 February 2012
Yesterday the Bank of England said that the average rate of interest on an authorised overdraft is currently 19.47%. The Daily Mail reports that this is the most expensive time to have an overdraft since records began in 1995.
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Interest rates on loans and credit cards 'have been falling'
24 January 2012
Interest rates on credit cards and new personal loans fell in the three months to November, figures from the Bank of England show - meaning it was cheaper for people to borrow money than in previous months.
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Latest on call for payday loans cap
11 January 2012
As you may have read, some MPs are calling for a cap on the cost of high-cost credit such as payday loans. They're being backed on this by what might seem like an unlikely supporter - a payday loan provider.
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Interest rate 'not the only consideration when choosing a loan'
10 January 2012
When choosing a loan, most people will hope to get the lowest interest rate possible to help keep down their repayments. But interest is just one of many factors people should consider when looking for a loan, according to Defaqto.
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Mortgage payments 'most affordable for almost 8 years'
14 December 2011
Figures from the Council of Mortgage Lenders (CML) for October 2011 have indicated that monthly mortgage payments for first-time buyers in that month were the most affordable they've been for nearly eight years - largely as a result of ongoing low interest rates.
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The real cost of unauthorised borrowing
5 December 2011
Some UK banks are charging their customers 'eye-watering' interest rates for exceeding their overdraft limit, the BBC reports.
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Loan rates 'at lowest point since beginning of credit crunch'
23 November 2011
Borrowers who take out loans of £7,500 or more are paying the lowest interest rates since the 'credit crunch' began, on average, according to MoneySupermarket.
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Cap on payday loans to be considered
23 November 2011
Should payday loans be 'capped'? Some say yes; some say no. So the Government has asked Bristol University's PFRC* to look into it.
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'Tempted' into debt? New store card rules coming into force
22 November 2011
A new ban is coming into force, as stores have agreed to stop offering discounts that encourage people to sign up for store cards.
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Italy: new PM calms fears about debt
14 November 2011
Mario Monti (front row, second left) at the XVII Pontignano Conference: "After the crash" in Rome, 2009. Image © British Embassy in Rome (CC 2.0).... read more »
Sir Mervyn King: the recession 'would have been worse'
26 October 2011
The Governor of the Bank of England, Sir Mervyn King, addressed MPs yesterday to defend the Bank's policy decisions.
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