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	Issue 75 - January 2008 As the worldwide 'credit crunch' really starts to bite lenders will be reassessing their lending policy - with one predictable result - we will all pay more to borrow. And, we predict that things will get worse before they get better so if you're thinking of borrowing this year you may be better getting on with it before things get any worse. Loan Market To Get Tougher Before It Gets Better We hate to start the New Year on a gloomy note but if you're thinking of taking a loan out this year it may be advisable to get on with it rather than wait. Our prediction is that the loan market will get tougher as the year progresses and the 'credit crunch' really starts to bite. This will mean that lenders will rein in their lending, tighten their criteria and push up rates. We have already seen some secured lenders withdrawing from the market altogether and others increasing their rates and this is probably just the start. In fact the nightmare scenario is that people who have previously relied on credit to fund otherwise unsustainable lifestyles will find their access to new credit closed off. This will in turn lead to an increase in house repossessions making lenders even more nervous and forcing them to further tighten their rules. Things are likely to become particularly difficult for those who find it hardest to obtain credit and anyone with a less than perfect credit history or uncertain income could find it impossible to raise credit or have to pay through the nose for it. On the bright side, it seems likely that we will see the Bank of England base rate coming down this year and this could help to offset some of the rate increases imposed by lenders. However, our advice would be to act today rather than wait any longer. Compare Personal Loans>>> Secured Loan Quote>>> Compare & Buy Car Insurance Banking & Saving Secured Loans Home Insurance Best Buys Travel Insurance 2 great reasons to review your live cover today. Go >>> Compare the market to find the best deal Go >>>     Compare 0% balance transfer cards plus many many more. Go >>> Get impartial advice from one of our experts Go >>> Halifax Websaver Extra Online rate of 6.00% AER. Open an account with just £1. Get extra value for your savings - and 24/7 access to your money Sainsbury's Life Assurance Sainsbury's Bank Life Insurance Save money on life Insurance and earn 5,000 Nectar points Protect your family from £5 a month Apply online today! spotlight on... credit cards MBNA Platinum Plus Typical 15.9% APR variable 0% on balance transfers until statement date in January 2009 (3% fee applies) 0% on purchases until statement date in April 2008 American Express Platinum Moneyback Typical 18.9% APR variable Time to treat yourself Enjoy up to 5% MoneyBack Barclaycard Platinum Typical 14.90% APR variable 0% on balance transfers for 14 months 0% on purchases for 3 months mortgages Beech Finance Great Mortgage and Re-mortgage deals to suit all Nothing to Pay for 6 Months On Secured Loans Free Quote and dedicated specialist to help Principality Mortgages First time buyers and remortgagors Flexible, discount, fixed, tracker and feesaver mortgages Quick quotes, payment calculators & FAQ's. Apply online YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. homeowner loans Ocean Finance Need extra cash? Nothing to repay for up to 3 months Borrow £5k to £100k for any purpose. Apply for a free no obligation quote All circumstances considered THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. insurance Protected We search over 300 insurance plans From 12 leading providers Compare your options online today in minutes Moneynet is a trading name of Sterling Business Consultants Limited of Sussex House, 8-10 Homesdale Road, Bromley, BR2 9LZ. Registered office is 51 Eastcheap, London EC3M 1JP, Reg No: 03165711. Moneynet is authorised & regulated by the Financial Services Authority. This site is intended for UK residents only. Information correct at time of publication. Click here to unsubscribe from the Moneynet newsletter