Banking Turmoil Spells End of Easy Money As Borrowers Watch Loan Cost
Mail on Sunday › March 26, 2008
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Summary
CASH-strapped families in search of a cheap personal loan to tackle their debt must act quickly.
Financial data compiler Moneyfacts says a number of major loan providers, including crisis-hit Northern Rock, Norwich and Peterborough, Cheshire and Derbyshire building societies, as well as Bradford Bingley, have increased rates charged on unsecured personal loans in the past two weeks as a result of the financial problems in the banking sector. Rates on existing personal loans remain unaffected.See the full content of this document
Extract
Banking Turmoil Spells End of Easy Money As Borrowers Watch Loan Cost
Lisa Taylor, spokeswoman at Moneyfacts, predicts more lenders will follow suit in coming weeks, though she says the recent jump in prices could be temporary.
Bradford Bingley has increased the rate for n...See the full content of this document
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