Loan

Credit News

Government Grant Advice – UK Business Grants for Small Businesses #bank #loan


#business loans uk
#

Government grants

How a small jewellery business secured a government grant

Ben Lobel | 13 Jul 2015

Chiara Stone, founder of jewellery company Hoobynoo World, talks about a cash injection she received from SUCCESS, a grant provider backed by the government s Regional Growth Fund.

More from Government grants

How to get grant support from the Technology Strategy Board

Brian Taylor, CEO and inventor of fraud prevention service PixelPin, discusses how he got grant assistance from a government-affiliated advisory organisation.

Most popular

Creative minds driving SME innovation

Small Business Offers

Tell us about your idea for growing your business and you could win 150k. Submit your pitch .

Get a business loan part-funded by the local Government

The UK Government is lending 60m to businesses through Funding Circle, alongside thousands of people and other investors. Find out more or check if you qualify for a business loan in just 30 seconds.

Apply for 1000 – 1,000,000. We ll qualify and connect you with the best funding for your business. Must be in business 4+ months and have min.revenues. Apply Now .


Fixed rate home loans, fixed rate home loan australia, home loan fixed rate, fixed rate home loan, home loan calculator, home loan fixed rates, home loans australia, home loan interest rates, fixed home loan rates, best fixed rate home loan, home loans, home loan comparison, best home loan rates, fixed rate home loans australia, best home loans, home loan rates australia, compare home loans, home loan, home loan repayment calculator, home loan calculator australia, home loans calculator, home loan calculators, no deposit home loans, cheap home loans, home loan australia, home loan rate, fixed rates home loans, lowest fixed rate home loan, current home loan interest rates, home loan interest rates australia, home loans rates, lowest fixed rate home loan australia, interest rates home loans, compare fixed rate home loans, fixed interest rates, 100 home loans, home loan interest rate, variable rate home loan, best home loan interest rates, no deposit home loan, low deposit home loans, fixed home loans, compare home loan rates, cheapest home loans, fixed home loan, no deposit home loans australia, home loan brokers, choice home loans, home loan fixed interest rates, home loans perth, fixed home loan rates australia, lowest home loan rates, low interest home loans, current home loan rates, home loan lenders, bad credit home loans, 100 home loan, home loans comparison, interest only home loan, low rate home loans australia, cheap home loan, ing home loans, cheapest home loan, refund home loans, fixed rate mortgage, home loan rate comparison, home loan rates comparison, fixed rate home equity loan, 5 deposit home loans, fixed rate loan, interest rates for home loans, home loans adelaide, interest only home loans, home loans sydney, amp home loans, australian home loans, 95 home loans, interest rates on home loans, compare home loan interest rates, home loans no deposit, 100 percent home loans, home loan repayments, home loan interest, cheapest home loan rates, non conforming home loans, home loan deposit, best home loans australia, bank home loan rates, cheapest fixed rate home loan, rate city home loans, home loans interest rates, fixed rate loans, fixed interest home loan, home loan repayment, best fixed home loan rates, equity home loan, fixed interest rates australia, fixed rates, ing fixed rate home loan, fixed home loan rate, home loan finder, fixed interest rate, compare fixed home loan rates, fixed rate home loan rates, current home loan rate, home loan interest calculator, home loan application, home equity loan, home loan calculater, home loan comparisons, fixed rate, interest rate home loan, home loans brisbane, tassie home loans, home loans for bad credit, loan calculator, bank home loans, easy home loans, home loan mortgage, variable home loans, aboriginal home loans, home loan pre approval, home loan no deposit, loan repayment calculator, mortgage repayment calculator, mortgage broker, interest rates australia, mortgage, home loan interest rates today, low rate home loans, mortgage calculator australia, home loan advice, low income home loans, me bank home loans, interest rate, home loan interest rates comparison, interest rates home loan, mortgage brokers, fixed mortgage rates, current interest rates, homeloans, bank interest rates, online home loans, credit union home loans, mortgage rates, zero deposit home loans, home loans bad credit, online home loan, fixed rate home loan calculator, best mortgage rates, home loans fixed rate, cheap home loans australia, compare interest rates, house loan calculator, mortgage interest rates, interest rates today, homeloan calculator, interest only loan, home loans melbourne, best interest rates, reverse mortgage, line of credit, personal loan rates, bank west home loans, current home loan interest rate, getting a home loan, government home loans, ram home loans, home loan sydney, home loan fixed, line of credit home loan, homeloan, personal loan interest rates, morgage calculator, no deposit home loans qld, no doc home loans, mortgage payment calculator, compare fixed home loan rates australia, home equity loans, best fixed interest rates, no deposit home loans perth, aboriginal home loans nsw, equity, bendigo bank home loans, mortgage calculators, ozzie home loans, mortgage home loans, compare mortgage rates, compare fixed home loans, home loan online, no deposit home loans nsw, home loans rate, home loan cal, amo home loans, interest only mortgage, mortgage loan calculator, mortgage rates comparison, new home loans, construction loan, refinancing, what is equity, home loan providers, house loans, 95 home loans australia, morgage, home loans with bad credit, home loan requirements, rate home loans, fixed home loan interest rates, home loans for pensioners, home loan calulator, fixed rate mortgages, line of credit loans, home loans with no deposit, mortgage home loan, hdfc home loan, current mortgage rates, home mortgage loan, home loan options, interest only loans, rates home loans, toowoomba home loans, bank home loan, construction loans, deposit free home loans, home loan finance, mortgage calc, what is paypal, 106 home loans, mortgage rate comparison, home loans fixed, fixed term interest rates, home loan calculation, equity loan, current interest rate, equity home loans, compare home loans interest rates, home loans compare, loan rates, no interest home loans, mortgage rate, low interest rate home loans, fixed interest rate home loan, 100 finance home loans, adelaide bank home loans, 100 home loans australia, home loans in australia, fixed rate home equity loans, house loan, interest rates home loans australia, australian home loan rates, home loans limited, mortage, housing loans, greater home loans, interest rate for home loan, home loans au, nz home loans, home loan approval, home equity loan calculator, mortgage lenders, no deposit home loans brisbane, gmac mortgage, home loan interest comparison, mortgage loans, best home loans in australia, loan interest rates, 5 year fixed mortgage rates, mortgage loan, homeside home loans, average home loan interest rate, fixed rate personal loans, home finance, lowest interest rates, fixed rate personal loan, interest rate home loans, intrest rates, mortgage rates today, interest rates mortgage, home equity, home loan estimator, 0 deposit home loans, mortgage refinance, home mortgage, home interest rates, types of home loans, bank sa home loans, mortgage interest rate, refinance mortgage, fixed home loan comparison, lowest fixed mortgage rates, low income home loans australia, best fixed mortgage rates, home loan tips, homeloan rates, variable home loan rate, home loans without deposit, fixed loan rates, 3 year fixed rate mortgage, rate home loan, owner builder home loans, lowest home loans, interest home loans, home loans nsw, home loans for self employed, low deposit home loans australia, home mortgage loans, low deposit home loans nsw, ge home loans, melbourne home loans, home loan information, home mortgage calculator, equity loans, best interest rates home loans, perth home loans, australian home loan interest rates, sydney home loans, interest free home loans, australia home loans, best mortgage, national australia bank home loans, 5 deposit home loans australia, mortgage rate calculator, home loans south australia, current mortgage interest rates, low deposit home loans victoria, best loan rates, 100 percent home loan, home loan review, fixed rate homeloan, home loan criteria, pensioner home loans, no deposit home loans victoria, home loans tasmania, home loans victoria, best fixed rate mortgage, how to get home loan, best mortgage rate, fixed rate homeloans, ing mortgage, home loans qld, banks home loans, blue gum home loans, home loan application form, home loan au, home mortgage rates, apply for home loan, fixed rates mortgage, apply for home loan online, home loans online, home improvement loans, mortgage fixed rates, home loan intrest rates, refinance loan, home loan leads, fixed rate car loan, home loan help, home loans banks, bank mortgage rates, pre approved home loan, fixed rate home equity, sbi home loan, mortgage refinancing, home loan best rates, mortgage deals, home loans sa, fixed home loan calculator, compare mortgages, no deposit home loans adelaide, refinance calculator, home loans western australia, home loan interest rates compare, lowest fixed rate mortgage, mortgage finder, home loan products, 5 percent deposit home loans, home mortgage loan rate, easy home loan, best mortgages, home loan offers, home equity line of credit, equity loan calculator, housing loan, bank fixed interest rates, property loans, fixed rate mortgage comparison, home loans fixed interest rates, mortgage finance, credit impaired home loans, home loans canberra, home loan rates today, collins home loans, refinance loans, apply home loan, mobile home loan, first mortgage company home loans, how much home loan, home improvement loan, home loan eligibility, home loan bank, 95 lvr home loans, nri home loan, quicken loans, 10 year fixed mortgage rates, home loan banks, cheap mortgage rates, fixed mortgage, online mortgage, mortgage lender, non bank home loans, line of credit home loans, refinancing mortgage, adelaide home loans, apply home loan online, best fixed home loan, second mortgage loans, need a home loan, home loan apply online, home mortgages, home loan emi calculator, home loans broker, the greater home loans, best fixed rate mortgages, us mortgage rates, reduce home loans, aussies home loans, home loans mortgage rates, lowest fixed interest rates, compare loan rates, current fixed mortgage rates, home loans equity, morgage rates, bridge loan, loan rate, home refinance, private mortgage lenders, fixed home loans rates, mortgage rates calculator, best mortgage deals, variable rate mortgage, loan refinance, get home loan, home equity loan comparison, home equity loan rates, queensland home loans, best mortgage lenders, no credit check home loans, best fixed home loans, mortgage companies, home loan services, home loans interest rate, home refinance loans, housing interest rates, home equity calculator, equity home loan rate, homeloan rate, home loan intrest rate, refinance home mortgage, mortage rates, 40 year home loans, mortgage pre approval, low interest home loans australia, low mortgage rates, home loan india, refinance rates, mortgage company, mortgage interest, loans home, brisbane home loans, oz home loans, mortgage quote, lending tree, refinance mortgage rate, equity loan rates, lowest rate home loans, home loans darwin, nsw home loans, heloc, equity line of credit, second home loan, icici home loan, refinance home equity loan, interest only mortgages, current mortgage rate, mortgage loan rates, commercial mortgage loans, house loan interest rates, home mortgage lenders, better home loans, cheapest fixed rate mortgage, 100 financing home loans, home loan compare rates, mortgage interest rates today, home mortgage interest rates, need home loan, find a mortgage, fixed rate interest, mortgages rates, equity mortgage, construction loan rates, current home mortgage rates, what is apr, interest rate mortgage, interest only mortgage rates, variable mortgage rates, compare fixed rate mortgages, transfer home loan, best homeloan rates, fixed mortgages, wells fargo mortgage, refinance mortgage loan, 5 year fixed rate mortgage, housing loan interest rates, mortgage information, home loans best rates, home mortgage rate, bankruptcy home loans, current mortgage interest rate, home equity loan refinancing, home loan bank rates, 2nd mortgage loans, lic home loan, refinance second mortgage, home loan provider, fix rate mortgage, line of credit rates, fixed rate mortgage rates, 100 mortgage loans, fixed rate mortage, building society home loans, morgage loans, mortgage financing, fixed interest rate mortgage, home mortgage refinance, home loan center, 30 year fixed rate mortgage, qld home loans, best fixed rate loans, home loans lenders, home loan transfer, axis bank home loan, mortage loans, bank home loan rate, home mortgage loan rates, fixed home equity loan, mortgage quotes, best home equity loans, current loan rates, lowest loan rates, 2 year fixed rate mortgage, no equity home loan, 30 year fixed mortgage rates, morgage rate, mortgage fixed rate, home loans vic, second mortgage rates, home equity loan rate, home loan interest rates india, should i refinance, lowest home interest rates, low rate home equity loan, refinance rate, investment property mortgage rates, house mortgage rates, compare homeloan rates, best home interest rates, home equity loans online, average mortgage rates, best mortgage loans, mortgage fixed interest rates, home mortgage refinance loan, 30 year mortgage rates, rates mortgage, home loan new, home mortgage refinancing, loan mortgage, adjustable rate mortgage, home improvement loan rates, idbi home loan, homeowner loans, best home mortgage rates, best home equity loan, 100 home equity loan, home equity loan interest rates, victoria home loans, refinance mortgage rates, mortgage bankers association, icici bank home loan, when to refinance, home loan rates india, home loans now, home loan first time buyer, home equity loan online, todays mortgage rates, compare home interest rates, low rate mortgage, best home equity loan rate, fast home equity loan, mortage loan, quick home loan, 15 year mortgage rates, 15 year fixed mortgage rates, interest only mortgage loans, what is home equity loan, 10 year fixed rate mortgage, fixed interest rate loans, fixed mortgage interest rates, commercial mortgage lenders, mortgage rate compare, low interest home equity loan, mortgage loan rate, fixed interest mortgage rates, best home equity loan rates, best refinance rates, home equity loan lowest rate, low mortgage rate, home equity mortgage, 30 year mortgage, home equity loans rates, home equity loans calculator, morgage loan, 30 year fixed rate, low interest mortgage loans, canadian mortgage rates, 10 year mortgage rates, sbi home loan interest rate, lowest mortgage interest rates, wells fargo mortgage rates, home equity mortgage loan, best mortgage fixed rates, fixed mortgage loans, refinancing mortgages, wells fargo home mortgage, home equity loan payment calculator, fixed rate mortgage interest rates, mortage rate, best fixed mortgage rate, cheapest fixed rate mortgages, 1 home loans, lowest interest home loans, mortgage refinance loan, mortgage rates fixed, refinance mortage, best rate loans, easy home equity loan, compare rates mortgage, home equity loan information, refinancing rates, 15 year fixed rate mortgage, debt consolidation home equity loan, quick direct home loans, pre approved mortgage, home equity loan calculators, bank of america mortgage rates, 30 year fixed mortgage rate, mortgage refinance rates, equity loan rate, 2nd mortgage rates, lic home loan interest rates, home loan modification, average mortgage rate, home equity rates, latest mortgage rates, online home equity loan, refinancing mortgage rates, mortgage loan interest rates, 125 home equity loan, fixed home equity loan rates, types of mortgage loans, best mortgages rates, mortgage equity loan, home equity credit, mortgage rate refinance, bad credit home equity loan, home mortgage lender, mortgage rates refinancing, indiabulls home loan, second home mortgage, refinance interest, lowest interest rates mortgage, home mortgages rates, mortgages loans, best equity loans, home mortgage interest rate, home equity rate, home equity lender, low income mortgage loans, 20 year mortgage rates, home loan sbi, line of credit home equity, 30 year fixed mortgage, lowest rate loans, home equity interest rates, mortgage refinance rate, home mortgage interest, home equity line, online mortgage loans, best equity loan, refinance interest rates, refinance my mortgage, best mortgage companies, best rate mortgages, 30 year fixed, 10 year fixed mortgage, best mortgage refinance rates, compare home mortgage rates, international mortgage loans, mortgage rates current, mortgage loans rates, equity line, mortgage rate forecast, home mortgage companies, home equity interest rate, compare loans calculator, 15 year fixed mortgage, best home equity rates, private mortgage loans, mortgage rates forecast, loan rates mortgage, home refinancing rates, home equity lines of credit, current mortage rates, mortgage rates trend, motgage rates, lowest refinance rates, fixed rate home mortgage, home equity loan fixed rates, home equity loan fixed rate, fixed rate mortgage loan, fixed rate mortgage loans, fixed rate home equity line, fixed rate auto loan, fixed rate mortgage rate, 30 year fixed rates, home equity fixed rate, year fixed rate mortgage, fixed rate heloc, rates for home equity loans, fixed rate morgage, fixed rate mortgage interest, rates on home equity loans, 7 year fixed rate mortgage, best rate home equity loan, cheap fixed rate mortgage, rates home equity loan, interest rates home equity loans, rate for home equity loan, home equity fixed rate loans, rate home equity loan, home equity fixed rates, rates home equity loans, fixed rate equity loan, best rates home equity loans, equity fixed home loan rate, equity home loan lowest rate, home equity fixed rate loan, interest rates home equity loan, rates for home equity loan, best equity home loan rate, current fixed rate mortgage, home loan purchase, home equity loan fixed, hdfc home loan interest rate, manufactured home loan, best equity home loan, 30 yr fixed mortgage rate, sbi home loan interest rates, fixed mortgage rates today, 30 yr fixed mortgage rates, home loan programs, icici home loan interest rate, 30 fixed mortgage rates, home equity loans rate, lowest home equity loan rates, india home loan, home mortgage fixed rate, current home equity loan rates, lowest home equity loan, a fixed rate mortgage, about home loan, low home equity loans, fixed rate mortgage deals, fixed home equity loans, fixed rate refinance, fixed rate mortages, lowest fixed rate mortgages, no cost home loan, 30 yr fixed rate mortgage, home equity loan requirements, corporation bank home loan, compare fixed rate mortgage, fixed rate mortgage deal, fixed rate mortgage quote, uk fixed rate mortgage, 20 year fixed mortgage rates, home equity loan interest, best home equity loans rates, home equity loan mortgage, offset fixed rate mortgage, pnb home loan, home equity loans best rates, mortgages fixed rate, best fixed rate mortgage deal #grants


#best home loan rates australia
#

RBA Cash rate changes in past 5 years:

What is best fixed rate home loan ?

Bank offer very lower rate on introductory interest rate to sign up new clients to their home loans. But if client does not have any historical record about their usual interest rates, that means they are signing up for something very expensive without any prior knowledge.

To select the best fixed rate home loan, we need to understand the current market situation in term of reserve bank cash rate. If the cash rate is at usual state, or lower than usual state, it means it is risk free to take a fixed rate home loan. Some times when the cash rate remains too low, at that period of time variable rates from banks become lower than previous years fixed rate, or a fixed rate from year before. As a result it is lower in risk factors to take home loan at maximum of 3 years fixed rate. In most cases difference between total savings in 3 years on interest from a 3 years fixed rate home loan with total savings on interest from a 5 years fixed rate home loan is insignificant.

Considering above it is lower in risk to have maximum 3 years fixed rate home loan to have best benefit on interest. And it is better not to have a fixed rate home loan when cash rate is at pick stage and it is obvious the cash rate will be reduced by next year or so.

Click here to find current home loan interest rate offers.

What portion of home loan should be on 3 years fixed rate home loan ?


Central Finance for financial advice and personal assistance all over New Zealand, from Cape Reinga to the Bluff and everywhere in between.


#easy loans
#

Looking for a loan at a competitive interest rate with minimal fuss?

We offer loans from 12.95%, and we specialize in getting you the finance you require.

Every day, we arrange finance for our customers, from Cape Reinga, all the way down to the Bluff, and everywhere in between. We’re proud to say that we have helped over 20,000 kiwis get the finance they needed, when they needed it.

Our loans start from $1,000, and go all the way up to $500,000, with repayments starting from just $25 per week. We provide Personal Loans, secured or unsecured, Car Loans, Bridging Finance, Mortgages and Debt Consolidation Loans. We can also provide tailored finance packages offering you deferred payments, interest only payments and residual payments to fit your lifestyle.

YOU MAY NOT KNOW: Applying for loans with various companies not only wastes your time, wastes your money, and most importantly adversely affects your credit score. Your credit score drops with each application you do! We only perform 1 credit check and 1 PPSR, and we send this to a range of accredited finance providers to get the best deal for you.

At Central Finance and Loans we understand that every loan application is as unique as the client that sends it, so we assess each application individually based on its merits. Utilizing our long standing experience in the finance market, we handle the process from start to finish making the application process easy, so all you have to do is relax while we do all the work on your behalf.

With the backing of numerous underwriters leading the New Zealand finance industry, we can offer you finance for almost anything you need.

Our aim is to provide you with a friendly, professional, helpful service so you can achieve your goals and financial rewards faster and easier.

It’s not just about getting finance, it’s about getting the “right” finance for you.

Feel free to give us a call on 0800 100 630 to speak to an experienced consultant, or simply complete our 5 minute online application


VA home loan with bad credit – Zillow Mortgage Advice


#bad credit home loans
#

Report a Problem

Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow’s Good Neighbor Policy .

Report a Problem

Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow’s Good Neighbor Policy .

Report a Problem

Content flagged

Down to 530? Wow that is crazy but great for Vets!

Gfunk0311- Just a few suggestions in general –

You can try to get a store credit card like a best buy or gas card and establish credit that way. Charge a little but pay it off right away each month and you’ll start to build your scores up.

If you want to email the specifics on why your credit is low maybe I can offer other suggestions on how to increase the scores quicker than letting time pass.

Also, in case you weren’t aware, if you are 100% disabled, you may be exempt from the funding fee as well as state taxes depending on the state. Both things you should research if you have not done so already.


Loan sharks – Money Advice Service


#loan sharks
#

200,000 people are taking care of their money with our FREE money advice newsletter.

Send me money advice

Don t worry, we won t share your details. See our privacy policy.

Loan sharks are illegal lenders who often target low income and desperate families. They may seem friendly at first but borrowing from them is never a good idea – even if your credit rating is poor or you only need a small amount for a short while.

Why loan sharks are bad

Warning!

Some loan sharks have attempted to charge interest rates as high as 719,000% Source: BBC news story

Loan sharks will start out being friendly. And if you keep up your repayments, they will stay that way. But the reality is, even if you do, any money you borrow will come at a high price.

There are many risks attached to borrowing from a loan shark.

  • You pay far more in interest than you would through any legal borrowing. One woman who borrowed £500 ended up repaying £88,000
  • You may be harassed if you get behind with your repayments
  • You are often pressured into borrowing more money to repay one debt with another

How to spot a loan shark

A loan shark may:

  • Offer little or no paperwork, such as a licence, credit agreement or record of payments
  • Increase the debt or add additional amounts to it without your permission
  • Refuse to give information, such as the interest rate or how much you still owe
  • Take items as security, such as passports, bank cards or driving licences
  • Not allow you to settle your debt
  • Get nasty – they may resort to intimidation, threats or violence

How to check a lender is legitimate

The Financial Conduct Authority (FCA) keeps details of all licensed lenders, as well as everyone who has applied for a licence or has had one taken away or suspended. If a lender isn’t listed as having a current licence, don’t borrow money from them and don’t let them come into your home.

Check the Consumer Credit Register to see if a lender is licensed.

Loan sharks and the law

Although some loan sharks resort to intimidation and even violence, they are not beyond the law. Any lender – licensed or unlicensed – who harasses you is breaking the law. Some loan sharks will threaten you by saying you will be prosecuted and even sent to prison if you don’t pay up. This can’t happen – an unlicensed lender such as a loan shark has no legal right to recover the debt.

In fact, they have no legal right to make you pay the loan back at all – because the loan is illegal.

Reporting a loan shark

If you have been approached by someone you think is a loan shark, you need to report them and contact the police if you are in immediate danger.

Alternatives to loan sharks

If your income is low, you have a poor credit rating or you only need a small amount for a short while, there are still reputable lenders you can turn to instead of loan sharks.

Credit unions

If you’re on a low income or you need to improve your credit rating and you need to borrow a small amount for a short time, look into borrowing from a credit union. You will generally have to join first and some credit unions may ask you to save a small amount before you can borrow.

Help from the government

If you are short of money, ensure you are getting all of the benefits you are entitled to.


Loan sharks – Citizens Advice


#loan sharks
#

Loan sharks

Table of contents

About loan sharks

Reporting a problem to Trading Standards

Trading Standards deal with complex consumer problems and potential criminal activities.

If you want to report a problem to Trading Standards, you should contact the Citizens Advice consumer service. who share information reported to them with Trading Standards.

This information tells you about illegal lending and what to do if you have borrowed from a loan shark.

What is a loan shark

To lend money lawfully you have to be authorised by the Financial Conduct Authority (FCA). People who lend money without being FCA authorised are breaking the law. They are known as loan sharks .

Loan sharks often work from home, charge very high rates of interest and don’t give you much paperwork to confirm the arrangements they have made with you.

Loan sharks often take other illegal action to collect the money they have lent you, such as threatening violence or taking away your credit cards or valuables. In extreme cases, they have been known to force non-payers into prostitution and drug dealing.

If a loan shark threatens you or acts in a violent way, contact the police straight away.

Checking a lender is authorised

If you borrow money from someone who isn’t FCA authorised, you haven’t broken the law, they have. You can find out whether a money lender is authorised by checking the register on the FCA website at www.fca.org.uk .

What to do if you owe money to a loan shark

If you think a money lender is operating without being FCA authorised, in England or in Scotland, you can speak in confidence to the Illegal Money Lending Hotline on 0300 555 2222. If you are phoning from Scotland your call will be diverted to the Scottish Illegal Money Lending Project. You can also call the Project direct on 0141 287 6655.

In Wales, you can report concerns about a money lender to the Wales Illegal Money Lending Unit which operates a 24 hour confidential helpline on: 0300 123 33 11.

In Northern Ireland you can contact the Trading Standards Consumerline, telephone 0300 123 6262.

The advisers can give you advice about your situation. The information you provide helps them to take action to stop illegal money lending.

You can find more information about loan sharks on the Directgov website at www.direct.gov.uk .

If you are in debt or you are thinking about borrowing from a loan shark, get advice first, for example, at a Citizens Advice Bureau. To search for details of your nearest CAB, including those that can give advice by e-mail, click nearest CAB .

Further help and information

On Adviceguide

For more information about different ways of borrowing money and getting credit including dealing with loan sharks, see Types of borrowing.

You may also find the following Adviceguide information helpful:

The Money Advice Service


What’s the best way to finance buying a car? Money Advice Service


#cheapest car loan
#

200,000 people are taking care of their money with our FREE money advice newsletter.

Send me money advice

Don t worry, we won t share your details. See our privacy policy.

Buying a car is no simple decision. From buying outright, to buying a car on finance, there are many options. You also have to consider running costs. In fact, it’s probably the second most expensive thing you’ll buy after a home. So it’s important to make sure you get the best deal on financing.

Cash or savings?

When interest rates are so low, it’s likely that your savings will not be earning much in a bank or building society account. So rather than keeping your savings and borrowing at a higher rate of interest, you could use them to fund all or some of the cost of the car.

  • You should make sure you have enough savings left over for an emergency after you have paid for your car.
  • If you don’t have enough savings to buy the car outright, you could use them to give you the biggest deposit possible.
  • Even if you use money from your savings you may be better off buying the car on your credit card so you benefit from credit card purchase protection. You should pay the bill off in full the next month.

Use our Car costs calculator to work out the total cost of motoring.

Personal loan

Did you know?

Personal loans are usually the cheapest way to finance a car deal, but only if you have a good credit rating.

You can get a personal loan from a bank, building society or finance provider so long as your credit rating is good.

Make sure the loan is not secured against your home. Otherwise you will be putting your home at risk if you failed to keep up with repayments.

Shop around for the best interest rate by comparing the APR (or annual percentage rate, which includes charges you have to pay as well as the interest).

Pros

    It can be arranged over the phone, internet or face-to-face Covers the whole cost of the car but it doesn’t have to Can charge a competitive fixed interest rate if you shop around

Cons

    There may be a wait for the funds to appear, although some lenders make funds available almost immediately Other borrowing may be affected

Hire purchase (HP)

Hire purchase is a form of buying a car on finance and is paid in instalments where payments are spread over 12-60 months and you usually (but not always) have to put down a 10% deposit. They are arranged by the car dealer and are often very competitive for new cars (less so for used cars). The loan is secured against the car, so you don’t own it until the last payment is made.

Pros

    Quick and easy to arrange Low deposit (usually 10%) Flexible repayment terms (from 12 to 60 months) Competitive fixed interest rates

Cons

    You don’t own the car until the final payment Tends to be more expensive for short-term agreements

Personal contract plan

This type of car finance deal is a variation on hire purchase and tends to result in lower monthly payments. Instead of paying for the car outright, you agree to pay the difference between its sale price and its price for resale back to the dealer. This is based on a forecast of annual mileage over the term of the agreement. Payments are spread over a shorter term of 12 to 36 months.

At the end of the term you can:

Personal leasing

You can pay the dealer a fixed monthly amount for the use of a car, with servicing and maintenance included, as long as the mileage doesn’t exceed a specified limit. At the end of the agreement, you hand the car back. It never belongs to you.

Pros

    Motoring at a fixed monthly cost No worries about the car depreciating in value Flexible payment terms (from 12 to 36 months)

Cons

    Monthly costs are higher because servicing and maintenance are included Need to find a deposit (usually 3 months rental) Possible extra costs if you exceed the mileage limit The car is never yours

Car finance options – Things to look out for

As you compare car financing, there are a few key things to do before making a final choice.

  • Make sure you can afford the monthly payment.
  • Make sure you compare interest rates by looking at the APR (annual percentage rate), which includes all the charges you have to pay. Remember that a higher deposit will normally mean a lower interest rate.
  • Compare the total cost of borrowing, including all charges over the loan.
  • Think carefully before buying payment protection insurance (PPI) or other insurance, such as GAP cover, which can be expensive and may give limited cover. GAP cover is designed to pay out if your car is a total write-off and the outstanding finance is more than the value of your car.
  • Beware of early repayment or other charges, which kick in if you exceed the forecast mileage in personal contract plans (and also personal leasing).

Shop around

The best way to shop around for a good deal is to use an online comparison site. Here are some of the sites you might want to consider.