According to recent reports the PPI ban that has recently been announced by authorities will result in further spikes to loan rates, which many industry officials have said are already spiralling despite the all time low base interest rates, which stands at just 0.5 percent.

According to recently released reports the interest rates being charged on personal loans in the UK are continuing to rise despite the fact that the base interest rate has plummeted.

Most people are well aware that the financial sector has been deeply affected over the past year as a result of the global credit crunch, which has affected all sectors of the financial industry and has seen credit conditions become far tighter and borrowing rates become far more expensive.
However, over the past year the base [...]

Since the onset of the global credit crunch consumers in the UK have been affected in many ways, with the cost of borrowing rocketing and with availability of finance in all sectors becoming more restricted and difficult. Many consumers have found that whilst they were able to get finance with relative ease a year or [...]

According to a recent report some consumers may now be better off using their credit cards as a form of finance rather than opting for a personal loan because loan rates have been hiked up by huge amounts since the onset of the global credit crunch. Credit cards are well known for the high rates [...]

Unsecured loans are loans that are available from a wide range of lenders, from High Street banks and building societies to Internet only lenders. As the name suggest an unsecured loan is not secured against any asset, and is based only on trust and contract. An unsecured loan is available to both homeowners and non-homeowners, [...]

Making the decision to take out an unsecured personal loan is an important one for several reasons. Whatever you’re using the money for is likely to be an important financial investment, whether it’s home improvements, a car, debt consolidation or even a family holiday you’re planning to invest a significant amount of money in it.