|
Thursday, 20 March 2008 |
|
More info...
By Steve Smith
 Consumers may find cheap UK loans are harder to come by, reports an industry expert.
Pointing towards research carried out by Moneyfacts, Michelle Slade, analyst for the personal finance publication, revealed that interest rates on unsecured personal loans have surged over the course of the last 12 months. It was claimed that loans are currently an average of 4.6 per cent more expensive than they were in the same month in 2007.
However, it is possible that those looking to take out loans of smaller amounts could be coming under more pressure. Moneyfacts revealed that in March of last year the cheapest rate available on a UK personal loan of 1,000 pounds stood at 14.4 per cent. In the space of 12 months, however, this has risen by 4.6 per cent to 18.9 per cent. Meanwhile, consumers borrowing 2,000 pounds will now pay an average of 17.9 per cent interest, up by 3.9 per cent from a year ago. Furthermore, it was indicated that the highest rate charged on loans of between 1,000 pounds and 2,999 pounds is at 27.9 per |
|
Last Updated ( Thursday, 20 March 2008 )
|
|
Read more...
|
|
Wednesday, 19 March 2008 |
|
More info...
By Michael D. Strauss
 No matter how convenient credit cards are - and they're almost obligatory for modern life - there's no denying that they can land the unwary card-holder in a whole world of trouble if not used carefully. Here we present the seven deadly sins of credit card use.
Late Payments
The number one rule of using credit cards is to pay your statement on time. Not only do late payments cause damage to your credit rating, they also cost you money - both in the form of the late payment fee, but also in the form of a hike in your interest rate for repeat offenders.
Minimum Payments
Even if you keep to a good repayment schedule and always pay on time, only paying the minimum amount required on your statement is a major mistake that most of us make - not least because we're actively encouraged to do just that by setting up automated payments such as direct debits. The problem is, with minimum payment levels set at only a few percent, nearly all of what you pay |
|
Last Updated ( Wednesday, 19 March 2008 )
|
|
Read more...
|
|
|
<< Start < Prev 11 12 13 14 15 Next > End >>
|
| Results 92 - 98 of 102 |
