Interest rates are set to hit new record low

British Interest rates are set to hit a record low by the end of the week as the Bank of England struggles with a deepening recession.

The Bank’s official rate has never dropped below the current 2 per cent in its 315 year history, but financial experts predict a cut of as much as 1 per cent by Thursday as the Britain faces up to its worst economic year since the early 1990s. Read more

Government set to privatise student loans

Earlier this month a bill regarding student loans quietly passed through its final reading in the House of Commons.

It will allow the Government to raise up to £5bn by taking a chunk of the student loan book and selling it off to private banks. This loan book which represents the income stream derived from graduates paying interest on money borrowed from the Government to finance UK university courses which is currently worth £17.5bn. Read more

Compare Payday Loans

Life is certainly not static. You might be happy for a minute but can not predict when this happiness will be replaced by sorrows. But braves are those who remain ready to face every situation in their life.

To help those braves, loan market has also come up with several financial helps which is meant to offer relaxation while financial urgency or crisis. One of such financial helps is payday loans. Because of their distinct features, these loans are rapidly garnering trust of the UK residents. Read more