Signing up to an annual direct debit payment plan from your energy supplier is supposed to help prevent bill shock as your payments are spread equally throughout the year. But it might not work like that...
Loan rates at lowest since 2006
The top personal loan rates for people looking to borrow larger sums have dropped to pre-credit crunch levels
The top personal loan rates for people looking to borrow larger sums have dropped to pre-credit crunch levels, a comparison website has said.
Derbyshire Building Society has launched a rate of 5.6% on loans between £7,500 and £14,999 - the lowest headline rate seen since November 2006, MoneySupermarket.com found.
The move means that the top 10 average for personal loans over £7,500 has dropped to 5.94%, making it the lowest typical rate since February 2006, the website said.
Derbyshire merged with Nationwide four years ago, when it turned to the giant mutual for shelter from financial difficulties after racking up losses in the first half of 2008. In August it cut its personal loan rate to 5.8% APR, the lowest rate the Nationwide Group had ever offered.
The new 5.6% rate, which is available for terms of up to five years, is a representative one, which means that more than half of successful applicants will receive the interest rate advertised.
Asked why Derbyshire had chosen to slash its rates further, a spokeswoman for the society said: "The Derbyshire loan has been consistently competitive in this market and following recent competitor moves the society has decided to re-price to improve its competitive position."
Tim Moss, head of loans and debt at MoneySupermarket.com said: "As we have seen over recent months, when one lender moves, others tend to follow, so we could see the personal loan market hotting up - good news, especially when rates are falling to below credit crunch levels.
"However, the best deals are generally only available to consumers with excellent credit histories.
"Those with less than perfect records may be offered a different rate and lenders only have to offer the advertised loan rate to 51% of successful applicants, so although a rate may initially appear attractive, it may not be the one you receive in the end."
The Bank of England and the Treasury launched an £80 billion funding for lending scheme at the start of August to unclog the flow of credit to households and businesses.
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You constantly Police the stories dictating what people can and cannot comment on!!??
Why have a comment site and what gives you the right to determine ?? You are in breach of the publicity law, dictating freedom of speech!!
Take this pathetic story< allow comment? when we have so many relevant and important things in the past, present and future news to have comment on and also have a right to do so!!
Like, Crap lying self serving Politicians, Immigration, NHS, Benefit system, Transport, Education, Heritage, Social Fabric of GB, Industry, LACK OF JOBS and Unemployment, stupidity and weakness of our laws, governed by Europe, Euro referendum - never allowed to comment on any of these!
Yet every single one of them affected by weak politicians and there after every single facet affected by obscene and mass immigration!
Its about time the flexible and giving people of the UK stood up and demanded these things are dealt with properly!!
Isn`t it lovely, the good giving, flexible British people, despised by immigrants and foreigners, treated with disdane where ever they go, treated like crap by foreigners in there own country and continually S @ i T on by their own government/s....
And now we the British people suffer disgracefully because of policies which single them out - its about time that great old saying that our parents and grandparents said often - charity should begin at home!! Was heeded by the Government!! still what would they give a monkeys about it! They have never had it hard or tough any of them!
No matter how hard or difficult it becomes for Real British people it will never affect them (politicians) and never has...
I think the British people should comed down hard and stamp out ANY denegration of British people, or Great Britain by foreigners or immigrants or other countries or ridiculous and rubbish policies..
I think any foreigner abusing our soldiers or protesting against our veterans and war dead on remembrance day should arrested charged/fined and immediately deported to their country of origin or families country of origin and never allowed back to the UK, no questions, no appeals done gone! and that goes for any illegal, or criminal immigrants from wherever!
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While Royal Mail showed an increase in yearly profits Marks and Spencer saw profits fall agaisnt last year's figures.
Date 21/05/13, Duration 1:51, Views 593
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