12 December 2006
A buoyant secured loans market and a radical set of changes to the Consumer Credit Act (CCA) have made the secured loans market a more attractive option for consumers looking to borrow money, according to a loans expert.
05 December 2006
Homeowners with secured loans are breathing a collective sigh of relief this morning as the vast majority of economic analysts state that they are confident that the interest rate will hold, ahead of tomorrow's monthly review by the monetary policy committee.
23 November 2006
Consumers with secured loans breathed a tentative sigh of relief yesterday as the threat of a further interest rate rise was lowered by the news that the decision to raise it earlier this month was not a unanimous one.
15 November 2006
Finally, some good news has arrived for consumers who have taken out loans as the possibility of further interest rate rises eased today.
14 November 2006
Good new for all secured and personal loan holders this week as it emerged that none of the banking 'big four' have implemented the changes to the interest rates yet.
10 November 2006
Yesterday the Bank of England's monetary policy committee (MPC) confirmed that it was raising the base rate of interest from 4.75% to 5%.
03 November 2006
Research from Birmingham Midshires has hinted that many Brits may have started their Christmas shopping early and that a lack of savings could persuade consumers to take out secured loans in order to pay for presents and food over the holiday period.
27 October 2006
The deputy governor of the Bank of England has called for interest rates to go up to try to curb the demand for loans and credit.
27 October 2006
The Financial Services Authority (FSA) has fined credit company Loans.co.uk £455,000 for treating its customers unfairly when selling them payment protection insurance (PPI) policies.
24 October 2006
The UK's fast expanding economy and the continuous rise in house prices are among the reasons being cited by economic forecasting group Ernst & Young, as to why the interest rate must rise again.
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