Rising Personal Loan Rates

Thanks for dropping by! Feel free to join the discussion by leaving comments, and stay updated by subscribing to the
RSS feed:

According to Moneyfacts.co.uk, personal loan interest rates continue to rise, with the overall average rate now standing at 4.6 per cent higher than this time last year.
The ongoing credit crisis is being blamed for the steep increases, as lenders become more cautious and concentrate on getting money in rather than lending it out.
The site also reports that the secured loan market is now reducing, seeing eight lenders, including Picture Financial and Alliance & Leicester, no longer offering a secured loan.