Personal loan news, Apr - Jun 2006

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Interest rates stay at 4.5%

05 May 2006

The Bank of England's Monetary Policy Committee (MPC) has once again decided to keep interest rates at 4.5%.

Car purchase system offered by loan company

27 April 2006

A total of £27.05 billion will be spent on second hand cars between now and August, according to a personal loan provider.

Battle for best loan intensifies

26 April 2006

Personal loans provider MoneyBack has intensified the already fierce competition between loan companies by offering a personal loan with an APR of just 5.5%.

Big banks not delivering better personal loan rates

25 April 2006

The UK's biggest high street banks are failing to deliver better personal loan rates, despite increased competition from other loan providers, according to uSwitch.com.

Lending increases despite weak consumer credit

24 April 2006

Lending in the UK saw a significant increase during March, as it rose much faster than in recent months.

Young people more credit wise

21 April 2006

Young people are actually using credit responsibly, according to an industry study.

A&L cuts personal loan rate

20 April 2006

Alliance & Leicester (A&L) has announced that it is to cut the interest rate on its unsecured personal loan product.

2m Brits have £10,000 debts

19 April 2006

Around two million people in the UK owe £10,000 on credit cards, loans and overdrafts, according to new research.

Point of sale credit could be costing consumers

18 April 2006

The UK's DIY enthusiasts could save nearly £5,000 by choosing a personal loan to pay for their home improvements, rather than opting for the point of sale finance option.

Consumers warned to check loan contracts

07 April 2006

Consumers of a UK loan provider are being urged to check their contracts after it emerged that some of its customers owed far more than they realised and had been lumbered with huge debts.

OFT to begin loan insurance study

04 April 2006

The Office of Fair Trading (OFT) has announced that it is to begin an investigation into the payment protection insurance (PPI) sector after receiving a complaint about the product.

£120m boost for interest-free loan programme

03 April 2006

A government programme that gives cheap loans to people on low incomes has been boosted by a budget increase.



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