First Plus have announced they will cease lending to new borrowers on the 8th of August 2008.
Homeowner loans have decreased in popularity over recent months with rising rates and lenders reducing the maximum loan-to-value on their products.
Secured loans became more popular a few years ago when house prices started to take off.
Lenders were prepared to […]

The Moneyback Bank unsecured loan Typical APR has risen today by 0.4% to 7.6% and the cost of borrowing less than £5000 from the same lender has shot up by 1.9% to 10.8%.
Also affected by LIBOR, the unsecured loan market has seen gradual rate rises over recent months but has failed to attract as much […]

Loan rates are rising across the country with some of the former leaders in the low rate loan market now being found at the bottom of the comparison tables.
Northern Rock who have been consistently competitive for many years have recently upped their rate making to what is now one of the least competitive rates available. […]

With a ‘green’ Budget expected from Gordon Brown later this month, new research from Alliance & Leicester Personal Loans reveals that motorists are missing out on an opportunity to save the environment through their choice of car.
Despite an expected increase in taxes on ‘gas-guzzlers’ and environment-busting vehicles, only 2% of motorists are planning their […]

The majority of people who take out a loan to consolidate debt then take on more debt and struggle with the consequences.
Research commissioned by price comparison website moneysupermarket.com reveals more than 13 million Brits (28 per cent) have taken out a loan to consolidate some or all of their existing borrowing.
However, the statistics also […]

January is one of the busiest months of the year for transferring balances between credit cards and for taking out personal loans for debt consolidation.
Sainsbury’s Bank research indicates that only 52% of people expect to clear their Christmas spending by the end of January, with 8% expecting it to take longer than 12 months. The […]

Plans for a website which will allow consumers to compare the costs of home credit providers and compare them with credit union loans available in their area has been welcomed by the Association of British Credit Unions.
The website is one of the recommendations contained in the final report of the Competition Commission’s Home Credit Market […]

The abbey loan offers one of the most competitive rates available and is advertised on television with a great rate of 6.3% (as at 26.10.06) but through an exclusinve online partnership creditmarket.co.uk is able to offer the Abbey loan at an exclusive online typical rate of just 5.8% apr (variable).
This represents even further savings for […]

Parents are taking out personal loans in order to provide financial support for their children at university, according to new research.
Some £58.3 million worth of personal loans will be taken out this year by parents, Sainsbury’s Bank has estimated.
The bank claimed that this increase has been seen in the wake of tuition fees from £1,175 […]

Although the cashback option on many personal loans may be attractive, it may not always provide borrowers with the best option, an expert has claimed.Personal loans which offer better value over the long-term are available, stated Michelle Slade, personal finance analyst at Moneyfacts.
The expert comments in the wake of two recently-launched personal loans with cashback […]