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The Co-operative Bank lowers loan rates

The Co-operative Bank has reduced rates across its personal loan range by one per cent APR. 
Available from January 5th, the reduced rates are designed to reward existing customers and members who are taking out a new loan. Rates start at 6.9 per cent APR representative on amounts between £7,500 and £14,950 for existing Privilege [...]

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Car finance sales increase

Motor finance sales for private new cars continue to grow, with a six per cent increase in October compared to the same period in 2010, according to the latest industry figures published by the Finance and Leasing Association (FLA). The new figures also show a 10 per cent increase over the last three months in [...]

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Consumers set to spend record £47 billion this Christmas

Despite household budgets being squeezed throughout 2011, shoppers are expected to loosen the purse-strings and splash out in favour of festive cheer this Christmas. Figures from Barclays predict that a record £46.9 billion will be spent during December, that’s £17,540 per second and a four per cent increase from December 2010. The research shows that [...]

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Brits stay financially confused

New research from Gocompare.com has found that when it comes to matters of life and debt, UK consumers find it very difficult to tell the difference between fact and fiction.   For example, 44 per cent of Brits believe that life insurance policies do not pay out for suicide and 18 per cent believe that [...]

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The Personal Finance Awards winners announced

The winners of the Personal Finance Awards 2011/12 have been announced at a London reception. Nationwide Building Society won best overall personal finance product provider, while there were also multiple wins for Natwest, Aviva and Halifax. The winners were decided based on a poll of readers of The Money Pages and What Mortgage websites, followed [...]

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Sainsbury’s Finance reduces loan rate

Following Nationwide’s recent launch of a new loan rate, Sainsbury’s Finance has reduced the rate on personal loans between £7,500 and £15,000 to 6.2 per cent, reduced from 6.4 per cent. Steven Baillie, head of loans at Sainsbury’s Finance said: “We’re pleased that we are able to offer a competitive rate to our customers who [...]

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Personal loan rates hit lowest levels in years

Unsecured personal loan rates for those borrowing over £7,500 have hit their lowest levels since the start of the credit crunch, according to analysis from MoneySupermarket. However, consumers looking to borrow smaller amounts are still paying considerably more, with average rates on loans for £3,000 at the highest level for six months. The analysis found [...]

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