Apr 18 2008
Personal Loans Are Changing
It’s quite surprising to me but not only are interest rates across various financial products like personal loans and credit cards increasing but lenders are also making changes to what customers can expect when applying for a loan, and who they offer a loan to.
It seems like there has been a surge in bigger one off interest rate increases following the credit crunch but this has also been accompanied by small tweaks and changes to the way interest rates are charged at various loan their levels. This basically means that customers looking to borrow more may end up paying a higher rate of interest. This is something that has never been seen in the past.