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

The fixed rate loan rip off

UK banks are reaping an extra £3.5 billion a year on fixed-rate mortgages after raising margins to 25 times pre-credit crisis levels.

More than half of all borrowers were taking out fixes as recently as September, despite expectations that rates would fall, because many loan lenders had in effect pulled out of the tracker market. 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