Personal loan news, Jan - Mar 2007

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Asda puts on the pressure by offering 5.9% APR

23 January 2007

Supermarket chain Asda has heaped pressure onto the personal loans market by offering an extremely competitive 5.9% APR on personal loans from £5,000 and £25,000.

Self-employed likely to take out loans to cover tax bills

17 January 2007

A report written in the Thrifty Scot has claimed that around £50 million will be taken out in 2007 in order to pay for unexpected extra tax bills, with self-employed consumers being most likely sector of society to consider a personal loan for this purpose.

Post Office and rural bank closures lead to loan shark increase

15 January 2007

Consumers living in rural communities are being advised to steer clear from loan sharks after it was revealed that the closure of Post Offices and local banks had led to the public turning to loan sharks for personal loans.

Spring-clean your finances with Zopa

09 January 2007

Social lending looks set to make a big impact on the personal loans market in 2007 and one of the largest social lenders, Zopa, is offering to help spring-clean consumers' finances by offering an APR rate that is lower than many high street banks.

January is one of the busiest months for personal loans, says Sainsbury's Bank

04 January 2007

Research from Sainsbury's Bank has revealed that January sees a large take-up of personal loans for debt consolidation purposes as consumers attempt to reorganise their finances after festive spending.

More Brits are turning to personal loans to consolidate debts

03 January 2007

Research from Alliance & Leicester has revealed that nearly 23% of consumers consider consolidating their debts into one loan and, out of those, 31% are interested in consolidating their debts by taking out a personal loan



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