Consolidate your exsisting credit into one managble monthley repayment with a debt consolidation loan from Ocean Finance. By extending the term of your loan could mean you pay more interest back over the term.
Homeowner Loans
Wise Buy could give you access to the UK's top lenders, with homeowner loan plans from £5k - £100k over 5 to 30 years, we could help you raise money for almost any purpose
Secured Loans
Been turned down for unsecured personal finance? Wise Buy could help you compare secured loans from a panel of lenders
Bad Credit Homeowner Loans
"Wise buy could help you find a homeowner loan even if you have had bad credit in the past, so those with a poor credit rating could use our loan comparison tables to view what loans may be available for those with an adverse/ poor credit profile
Unemployment Causes Fall In Spending
Consumer credit levels fell 18% in May from the previous year to £4.35 billion, according the Finance & Leasing Association (FLA).
As unemployment rises consumers are reducing their spending on credit cards, loans & store cards. ).
The trade body highlighted an 85% plunge in secured home owner loans as access to credit remains diminished by lender tightening their criteria and reduction of equity as house prices fall. ).
Only the hire purchase market saw an increase with lending levels rising 7% to £209 million, these agreements usually cover smaller household items typically costing less than £1,000 such as televisions, appliances and sofas. ).
Geraldine Kilkelly, head of research and chief economist at the FLA, said: "Access to wholesale funding remains a problem for lenders. ).
"And with lower average earnings' growth and a higher risk of unemployment, consumers are thinking carefully before taking on further credit commitments. ).
"Store instalment credit allows customers to borrow in a very controlled way for a particular purchase, with repayments being easily planned within their household budget.” ).
Direct unsecured personal loans also saw a decrease of 42% in May compared to level in 2008 with the total amount lent coming to £290 million).
Credit Card lending was also down from last year to £2.64 billion a reduction of 11%
| OUR TYPICAL, VARIABLE RATE IS 17.9% APR. RATES RANGE FROM 11.9% to 29.9% APR THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Loans Secured On Your Home |