Thrifty Loans

Fears For US Credit Card Market

There are new fears for debt in the United States, with concern that $415bn of credit card debt there could be sucked into the void created by the credit crunch. Britain’s biggest bank, HSBC, has warned that it is seeing knock-on effects from US subprime mortgage business onto other consumer loans across the Atlantic. The [...]

Continue reading...

Shop Around Now To Get A 0% Transfer Card For Your Christmas Spending

Credit card provider have tightened their lending criteria and increased the cost of borrowing, which will make life harder for consumers in the busy spending period leading up to Christmas. It is forecast that the average spend on Christmas gifts will be £380, but consumers will need to tread carefully with their cards if it [...]

Continue reading...

Credit Cards Providers Tighten The Squeeze

The credit squeeze is tightening its grip. Even borrowers with no blemishes on their credit records are being targeted. It seems that credit card companies are playing dirty, and imposing punishing interest rates on people they think might be about to struggle. That would make it a rather self-fulfilling prophecy. Credit card providers look for [...]

Continue reading...

Personal Loans Shoot Up

The interest rates for personal loans have seen steep increases in recent months. The Bank of England’s base rate has remained at 5.75% since July, but personal loan rates have shot up as a result of the credit crunch. A survey of 32 loan providers showed that some have pushed rates up by 3% – [...]

Continue reading...