Best loan rates from the Alliance & Leicester
26 June 2008
Alliance & Leicester has declared that its new personal loan rate is the best in the UK. The new interest rate is 6.3% and is on offer to new customers as well Premier and Premier Direct holders and is available from September 17th to November 4th. A spokesperson for the Alliance & Leicester said borrowers can take advantage of the ...Read More
Personal loans rate cut at Barclays
26 June 2008
Interest rates on personal loans have been cut at Barclays by up to 0.6%, while its rivals are increasing rates following the global credit squeeze as a result of the problems in the US sub-prime mortgage market. Barclays is offering a rate of 6.8% on the Barclayloan Plus product, which is aimed at existing customers and the bank is certain it can ...Read More
Higher loan rates inevitable
26 June 2008
Almost 50% of those applying for loans have been rejected - up from a third just 6 months ago. In addition, lenders have tripled their rates for high risk customers. Several loan providers have indicated that they are to pull out of the unsecured loan markets as the scarcity of credit continues following the summer’s sub-prime credit crisis, furthermore, loan rates have been driven ...Read More
Provident Financial picking up high risk customers
26 June 2008
Since the start of the global credit squeeze, banks and lenders are tightening their lending criteria meaning borrowers are struggling to get credit. These borrowers are turning to sub-prime lender, Provident Financial, who specialise in short-term, unsecured cash loans, generally between £50 and £500. Local agents deliver the money to their customers’ homes and call on a weekly basis to collect ......Read More
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