Tip of the Week
Looking for a personal loan for your new car
With the credit crunch making borrowing more expensive, it's more important than ever to shop around for a great deal for your money.
With the new car registrations only a matter of weeks away, now's the time to get your finance sorted.
Moneyback Bank is currently offering personal loans of between £7,500 and £15,000 at 7.6% APR Typical.
Click here to find out more |
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Minimum Payments Are Bad For Your Wealth
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With over 30 million credit card users in this country owing in excess of £50 billion on plastic, it's not surprising to learn that lenders continue to look for ways of boosting their revenue in what is a very profitable line of business.
Whilst it is difficult to imagine life without the flexibility and convenience that the credit card gives us, if your 'flexible friend' is used for long term borrowing, you can end up playing into the hands of those clever marketing men from the banks and paying out a small fortune in interest charges into the bargain.
A credit card used correctly can enable you to buy things now and then pay for them in seven or eight weeks time without incurring any interest charges as long as you repay your credit card statement balance in full. From time to time we have unexpected expenses such as car repairs or a washing machine breakdown when we don't have sufficient cash to pay for them there and then -this is where the credit card comes into its own as a way of easing your cash flow.
If you are unable to repay your balance for two to three months whilst you are getting your finances back on track, then you will pay interest to your lender for the privilege and this is what the credit card was designed for.
Unfortunately over the years, more and more people have got into the habit of using credit cards to fund their everyday living expenses or to purchase goods, knowing that they will be unable to clear the balance in the short term. Now whilst maintaining a balance on your credit card isn't an issue if you've managed to get your hands on a 0% interest deal, when it comes to paying interest at a rate approaching 20% per annum, it is a different ball game altogether.
Continued....
Compare Credit Cards>>>
How to prepare for your financial future
Now more than ever is the time to think long term when it comes to managing your money, yet it seems as a nation we're short-sighted. The saving message is gradually getting through, but almost half of us are still not saving adequately and those that do save are saving more for the short term.
Women are the best savers but it seems that all of us are only thinking a few years ahead, according to new research from Scottish Widows. Traditionally in times of economic uncertainty long term savings increase, but too many of us are under prepared both for the impact of the economic down turn and for our own retirements.
As over a third of Brits are worried about the lack of provision they have made for their retirement, now is the time to seek expert advice. Log in to our live webchat on 3rd of July 2008 at 15:00 BST to pose your savings and retirement questions to pensions expert Ian Naismith.
Join Webchat>>>
Webchat Archive>>>
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Compare & Buy
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| Loans |
Compare the market to find the best loan deal
Go >>> |
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American Express Green
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The American Express Card. Protect your purchases from theft or damage and add an extra year to the warranty! Find Out More |
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spotlight on...
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credit cards |
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MBNA Platinum
- Typical 15.9% APR variable
- 0% on balance transfers until August 2009 (2.9% handling fee applies)
- 0% on purchases until October 2008
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The Blue Sky® Card from American Express
- Typical 17.9% APR variable
- 0% interest on purchases for the first 6 months
- No annual fee
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MBNA Platinum Rewards
- Typical 15.9% APR variable & Rewards!
- 0% on balance transfers August 2009 (2.9% handling fee applies)
- 0% on purchases until October 2008
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insurance |
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Protected Life Insurance
- We search over 300 insurance plans
- From 12 leading providers
- Compare your options online today in minutes
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Post Office® Life Insurance
- From just £5 per month
- Or £100 cashback also available
- Terms & conditions apply. Get a quote online now!
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homeowner loans |
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Ocean Finance
- Want to survive the credit crunch? Ocean Finance could help
- Do you want to borrow £5,000 - £100,000 for any purpose?
- Apply today for a no obligation free quote. All circumstances considered
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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.
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personal loans |
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Alliance & Leicester Personal Loan
- 7.7% APR Typical
- On loans from £7,500 to £15,000
- 1 to 5 year term. Apply online
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banking & saving |
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Capital One Base Beater Account
- 5.05% gross/AER variable
- Guaranteed to beat the Base Rate until 1st July 2010
- Free and easy access to your money. Apply online!
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mortgages |
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Nationwide Mortgages
- First Time Buyer
- Mover and remortgage deals
- Find out more
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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.
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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.
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