Thrifty Loans

The biscuit tin is alive and well

During recent research, Virgin Money has discovered that people are still storing cash in the old proverbial ‘biscuit tin’ at home. The people doing this are missing out on vast amounts of interest, not only that, inflation is eating into the value of that cash sitting doing nothing in a box in someone’s home. Virgin Money [...]

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Zopa loans in detail

Zopa (Zone of Possible Agreement) was launched two years ago in Britain. Its aim was to match people willing to lend money with borrowers – each side complete strangers to the other. The website helps people find the point at which someone might pay for a loan to match the interest rate another person is [...]

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Building society bonds move up

With Bank of England interest rates on a steady rise, banks and building societies have gradually followed suit with increases in their bond interest rates. Currently Halifax is offering the best fixed rate bond for one year, at 6.26% before tax (nets to 5.01% after 20% savings tax). There is a minimum investment of £500, and [...]

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Can secured loans be a good thing?

Secured loans poor reputation and much of it is not undeserved. Consider the high-APRs, the cheap-looking TV advertising and the hanging threats of repossession, and it is easy to see why borrowers are put off. Nevertheless, there are some situations in which secured loans can be a useful product. So, when might a secured loan be [...]

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