The material on this website is for information only
and is not intended as any recommendation or endorsement of any products or companies mentioned. We are not licensed by the FSA to give financial advice, and none of the material on this website constitutes or is intended to constitute financial ...
News
Mirror.co.ukHow safe are you paying with a credit card? The dangerous gap firms are exploiting to sidestep your rightsMirror.co.ukMartin Lewis, founder of MoneySavingExpert.com, said: “If you're buying anything costing over £100 I've always suggested you pay for at least some of it on a credit card to get the hugely valuable Section 75 protection. “Yet we now have the bizzare ...
AOL UKMortgage price war erupts as Nationwide unveils its lowest ever ratesAOL UKThe mortgage price war has been ramped up further as Britain's biggest building society has unveiled some of its lowest ever rates. Nationwide Building Society said that from Thursday, it is snipping rates on selected two and five-year fixed and two ...and more »
Escape pensioner poverty – can you claim benefits?moneyfacts.co.ukAge UK points out that millions of people aren't claiming Pension Credit, yet in doing so they could be missing out on a much-needed income boost – the credit has slightly increased this month, which means those who make a claim could increase their ...and more »
Sky NewsSantander cools fears for UK arm from BrexitSky NewsHours earlier, Santander UK reported a "degree of caution" in its own outlook for the UK economy, as rising inflation begins to hit consumer spending power. The lender voiced fears of an easing in credit growth to households and businesses alike while ...and more »
Spectator.co.uk (blog)What's happening in the world of personal finance? Spectator Money takes a closer lookSpectator.co.uk (blog)The data shows that UK consumers withdrew £1.59 billion in the first quarter, and a total of £10.8 billion from pensions during the first two years of the pension freedoms. The average withdrawal per person continues ... MoneySavingExpert.com has found ...
Have you met...
Latest Members:


yuanyuan


Upton


afnaan


mugs200


lw789


wqwq


adwhitco

 

General News

Email this story to a friend:

LOAN APATHY COSTS US DEAR

By sticking with current account providers and failing to get several quotes we end up paying hundreds of pounds more for our loans than we need to.
22-11-2010
•    More than half of all people taking out loans in the last five years have borrowed from their current account provider
 
•    One third (33%) received just one quote before choosing a lender
 
•    Loan rates can differ by as much as 18.3% a potential difference of £1404 over the course of a three-year £5000 loan    
 
Research by Sainsbury’s Finance shows that one third of people who take out personal loans don’t shop around but take out the first loan they get a quote for. More than half of people chose their own bank or current account provider when choosing a lender and of these 4 of every 10 don’t look elsewhere for a competitive quote. The research also found that older people are less likely to shop around and more likely to stick with their current account provider than younger people.
Steven Baillie, Head of Loans, Sainsbury’s Finance, said: “Given the increase in number and popularity of price comparison websites it’s surprising that so many people still go straight to their high street bank without comparing deals.  There are many deals to be had but you simply won't know how much you can save until you shop around a little. The difference in price between the most competitive loans and the rest of the market can be literally hundreds of pounds.”

Advertise with us  |  Privacy  |  Terms & Copyright                                                                                     Website maintained by USP Networks