Thrifty Loans

Northern Rock Bidders Line Up

The sale of Northern Rock is still up for grabs. It looked last week as though Richard Branson’s Virgin Money were on the brink of a deal, but it’s not done yet. Indeed it began to look at the start of this week as though there may be a competitive auction for the ailing bank. [...]

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UK Borrowing Higher Than Ever

Brits are clearly relying on borrowed money more than ever before The average Briton now owes £33,000 compares with £17,000 in 2000. That’s nearly a doubling of debt in seven years. The main reason for the increase in debt is because of rising house prices and increased mortgages. Gloomily, experts are predicting that tough times [...]

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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 [...]

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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 [...]

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