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Archive for February, 2008

BOE cuts rates by 1/4 of a percent

Loans - Friday, February 8th, 2008

As accurately predicted by many analysts and financial experts over the past few weeks, the Bank of England has confirmed its decision to reduce the interest base rate by ¼ of a point to 5.25 per cent.
For variable rate loan borrowers and mortgage repayers, the news will come as something of a relief. Reports suggest [...]

Seasonal trends reveal car loan opportunities

Car Loans - Thursday, February 7th, 2008

Car loan borrowers, who are looking to reduce the cost of buying a second hand vehicle, have been advised that bargain basement deals are most common at and around January/February time.
A new report reveals that reduced demand throughout the fourth quarter of the preceding year often leaves many second hand car resellers with inflated stock [...]

Loan apps double in Jan

Loans - Thursday, February 7th, 2008

The most common time of the year for consumers to amass most in the way of personal loan and credit card debt is January, reveals a new report.
Although it may not come as much of a surprise to many readers, recent statistics reveal that loan applications increase by more than 100% throughout the month of [...]

Insolvency cases for loan and credit borrowers may rise in 2008

Loans - Wednesday, February 6th, 2008

A rise in the number of individuals who are struggling to manage personal loan repayments and mortgage commitments, coupled with newly introduced legislation, is set to fuel an increase in the number of newly identified insolvency cases throughout the course of 2008.
One of the UK’s largest debt management providers has revealed that inter industry changes [...]

UK debts soar during last 12 months

Loans - Monday, February 4th, 2008

A year of excessive personal loan, credit card and mortgage borrowing, has expanded Britain’s collective debt threshold by more than £100 billion.
Recently published figures show that British consumers are now indebted by more than 1.5 trillion pounds, with the average homeowner owing close to £60’000 of which approximately 15% is formed by way of personal [...]

Women less financially savvy than men

Loans - Friday, February 1st, 2008

Women are up to 3 times more likely to require help with the management of their financial commitments (such as loans and credit cards), than men.
According to a recent survey, women are less inclined to search for cheaper means of attaining credit than their male counterparts, with many simply responding directly to ads or going [...]

 
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