Unsecured Loans – Higher Interest Rates Predicted

Consumers looking for unsecured loans may find that the interest rates on the loans may start to increase as Payment Protection Insurance loan sales begin to drop. A leading financial research website has found that a drop in the sales of Payment Protection Insurance has left lenders unable to pay for the loans, meaning that they have had to raise the interest levels on them. The research site also said that a number of customers looking for loans have had to be turned away by lenders as they are becoming more discerning about who they give credit to. A leading loan lender was ... Read More »