How many of us are counting the cost of Christmas? You take your first nervous trip to the local ATM, reluctantly withdraw a couple of notes and take a hesitant glance at the receipt that pops out...
Time to take out a loan!
Though certainly carry some risk, if you are financially savvy you can use them to your advantage, allowing you to take control of your finances AND grab a little extra cash to enjoy yourself (without going overboard!).
However, if you're in this situation you must act quickly because could soon be a thing of the past as up their rates, and further increases are expected with the next Bank of England base rate change.
Both Moneyback Bank and Northern Rock had topped best buy tables with rates of 5.6%APR and 5.7%APR respectively... but they were both forced to hike their offerings when the base rate changed.
Nevertheless, both providers remain among the cheapest on the market with sub-6% offerings, but these might not last if the base rate increases as is being predicted by industry experts.
The time to act is now while the sub-6% rates available from the likes of Moneyback Bank, Northern Rock and Alliance & Leicester are still available. And if you think that the top rates won't be available to you anyway, you should head over to the SmartSearch facility at moneysupermarket.com that allows you to find the cheapest loan rates based on your credit score - giving you a realistic perspective of what you could be offered, without affecting your credit score.
Use an online price comparison tool and grab the best rates while they last... the sooner you get back on track financially, the better.
