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press releases



October 2007

Date Title
 
31/10/07     SELF-INTERESTED LENDERS KEEPING MUM ON REAL COST OF SMALLER LOANS – CONSUMERS UNAWARE THEY COULD BORROW MORE FOR LESS, SAYS MONEYNET.CO.UK

  • Higher rates for smaller loans means borrowers don’t realise they could afford to borrow more and pay less
  • The bigger the loan, the lower the rate – and in some cases the lower the monthly cost and total repayable
  • No publicity for advantages of borrowing more money
LENDERS are maxing up takings on loans by keeping quiet on the facts about tiered rates – and are raking in the same profits whilst lending borrowers less, according to new research by personal finance data comparison site Moneynet.co.uk.

Press Release 31 October 2007
11/10/07     PLASTIC FIRMS TO CLEAN UP ON BACK OF POST STRIKE AS MILLIONS SUFFER LATE PAYMENTS – MONEYNET.CO.UK URGES CONSUMERS TO TAKE ACTION

CONSUMERS could be hit with swingeing penalties from late credit card payments as a result of the post strike unless they take the initiative themselves, warns personal finance comparison site Moneynet.co.uk.

“Those borrowers who put cheques in the post to their lenders over the last ten days or so stand to incur a late charge as their remittances languish in the Post Office’s overflowing depots,” says Moneynet.co.uk chief executive Richard Brown.

Press Release 11 October 2007
04/10/07     SAFE IN THEIR HANDS? SAVERS SHOULD BUILD OWN FIREWALL TO PROTECT FUNDS, ADVISES MONEYNET.CO.UK
  • Any savings above £35,000 unprotected against institution collapse
  • Savers advised not to put all funds in one place
  • Checking FSA regulation of account brand can avert losses
UNDER the mattress never was the best place to keep hard-earned savings, but following the Northern Rock crisis, savers should think twice about how safe their money really is in a bank, says online financial data comparison site Moneynet.co.uk.

Press Release 04 October 2007


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Press enquiries

Richard Brown, Chief Executive: 0208 313 9030

David Andrews/Cathy Tully, David Andrews Media Ltd: 07941 255855 / 01273 774109 / 07747196854

Consumer enquiries: 0208 460 2833 / www.moneynet.co.uk

Moneynet.co.uk is the UK's longest established online personal finance research and data analyst company. The company offers consumers a choice of thousands of low cost financial services products. From mortgages, personal loans to motor, home and medical insurance, credit cards, savings accounts and best buy fixed rate products, Moneynet is one of the most comprehensive online services of its kind in the UK. Founded by chief executive Richard Brown, the Moneynet brand is destined to become one of the UK's major players in consumer finance products.

A DAVID ANDREWS MEDIA LTD
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