Getting a Personal Secured Loan from Nemo
29 Aug, 2008 | General | admin | Comments Off
If you own your home and seek a personal loan, Nemo Loans has something for you. Personal secured loans from Nemo Loans can be used to consolidate all of your credit card debt into a single payment or help you make improvements to your home.
By consolidating all of your current debt into a single payment, will help your personal finances to be less of a hassle. You can reduce how much you are paying out from month to month by spreading the payments out over a course of five to twenty-five years. All of your monthly expenses can be wrapped up into one simple payment. Nemo Loans have rates of interest that range from 9.9% up to 13.4% with the usual rate being around 10.9%.
If you take out one of Nemo Loans personal secured loans in order to make improvements to your home, you will be able to add a considerable amount of extra value to your home or property. It does not matter if you want to build a bedroom for the new baby, build a den for the family to kick back and relax or a new kitchen to prepare exquisite meals for your friends and family, it is all possible with Nemo Loans.
Credit Card raised by John Lewis
20 Aug, 2008 | General | admin | Comments OffAs recent reports have indicated many card loan lenders have been raising their fees, rates, and charges recently, resulting in consumers having to pay more for their borrowing and providers raking in greater profits. According to a recent report department store John Lewis has now joined in the rat race by increasing the charges on its Partnership credit card, which will hit many consumers’ pockets hard.
The report claims that a number of charges have been hiked up on the John Lewis card, and this includes the balance transfer fee rising from 2% to 2.5% of the total amount being transferred. The fee for cash withdrawals on the card is also set to rise, and will increase from 1.75% to 2.5%. Another blow is that the allocation of repayments is to change, and whilst under the present structure repayments are used to pay off cash withdrawals first, which incur the highest rate of interest, the changes will mean that purchases are paid off first from November, leaving cash withdrawal balances to continue incurring high rates of interest.
One industry official stated: ‘A lot of people pay off their credit cards every month and so earn little for lenders. Some of these people are seeing their limits cut or their accounts closed. Otherwise, card firms are raising rates and applying higher fees to make up for lost revenues elsewhere.’ A number of other card providers have also increased the costs and charges on their credit cards recently, including Egg Money, Lloyds TSB, and RBS, amongst others. Many have speculated that the reasons behind the hikes include the fact that providers are still trying to claw back revenue after card penalty charged were capped at £12 by the Office of Fair Trading in 2006.
