New figures have revealed that more people are repaying loans than are applying for fresh credit.– as were those with personal loans.

Fresh figures from the British Bankers Association (BBA) show that the amount of applications for new loans is being outstripped by the sums going towards repayment.

The BBA said that the situation was down to low interest rates combined with the tougher lending criteria applied by most banks, which is incentivising the swifter repayment of outstanding debt.

The association’s director of statistics David Dooks said that UK interest rates were enjoying a relatively stable period at low levels. Homeowners in particular were using this period to increase the level and frequency of their repayments

He noted that lenders were themselves urging people with mortgages to use any extra money in their budgets as a result of interest rates to reduce the amount of their debt. Mr Dooks told the BBC that “homeowners are reducing mortgage debt by making, or maintaining, higher repayments using the extra cash generated by lower mortgage rates.”

He also pointed out that this was the case among borrowers who had previously taken out unsecured personal loans.

Mr Dooks added: “People are also holding more cash in their everyday accounts, rather than building up savings accounts and overall unsecured borrowing levels are standing still.”

He conceded that the latest figures also revealed a minor increase in levels of spending on credit cards, but stressed that the amounts involved were smaller than in previous years.

Although personal loans are harder to come by than pre-credit crunch, there are still many good deals to be found online. The use of a good financial directory will help point any potential borrowers in the direction of the best loans available.

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New research has found that people are increasingly taking out personal loans to finance home improvements or pay for a car than for the purposes of debt consolidation.

A study carried out by Sainsbury’s Finance found that over the past two years, the amount of loans undertaken for the purposes of debt consolidation have dropped significantly.

Researchers found that in 2007, one in every £13 borrowed by Sainsbury’s customers was going towards consolidating debt. However by 2008 this figure had shrunk to a pound in every £19 borrowed, and last year this ratio had increased to just one pound in every £50, with more respondents admitting that the sum borrowed was for a major purchase or a holiday.

Sainsbury’s Finance head of loans Stephen Baillie said: “Debt consolidation has always been one of the most common reasons for people to take out personal loans.”

“But while more and more people are taking out a loan for other reasons, there has been a sharp decline in the proportion of people borrowing money in order to consolidate their debts.”

Despite this, Mr Baillie pointed out that people with a large number of separate debts would still greatly benefit from debt consolidation. Using a reliable financial directory and searching online, a potential borrower can track down the best rates and significantly reduce their monthly payments.

Some analysts believe that the rising cost of personal loans is providing a real incentive for people to reduce their debt levels. Bestinvest senior investment advisor Adrian Lowcock said that he thought the phenomenon was a “medium to longer term thing because borrowers can’t access the debt that they used to be able to get.”

He went on to predict that if the cost of personal loans continued rising then there would be even less need for debt consolidation because general levels of borrowing would be lower.

The best pet insurance online

We love our pets and so we want to protect them from all adversities. And one of the best ways to protect your pet is to opt for a pet insurance. And just imagine how you would feel if you get some cash back on your pet insurance? Great, isn’t it? You would not only have insurance for your lovable poodle, but also a good discount.

Marks and Spencer, a renowned insurance company offers you an opportunity to generate yourself £10 cash back on signing up for a pet insurance policy through surf4finance. Marks and Spencer pet insurance is available for pedigree cats and dogs as well as crossbreed cats and dogs. The pet insurance offered by Marks and Spencer takes care of the following:

• Veterinary fees for illness and injury of the pets
• Prescription food
• Advertising cost and reward expenses in case the pet gets stolen or lost
• Emergency boarding costs

Marks and Spencers offer the best pet insurance

The costs of any long term treatment for your pet are also borne by the policy. You may go in for the Premier cover or for the Standard cover depending on your needs and requirements. The insurance cover is available when your pet is at least 8 weeks old. However, there is no upper age limit. The insurance company also offers 15% discount when you buy the policy online.

For more information regarding pet insurance companies and cash back offers, you can log on to a reputed and renowned financial services directory. A reputed financial directory offers a wide list of companies offering top cash back insurance offers on pet insurance as well as other insurance covers.

The best pet insurance

Dont forget to email your details so we can send you your cashback to info@surf4finance.com

Are you one of those who are looking for great deals on car insurance in the UK? If yes, you can log on to a renowned UK financial directory that would help you find a wide range of web sites offering excellent cash back offers when you sign up for their car insurance.

One of the cash back web sites is Yes Car Insurance. It offers £13 Cash Back to its customers. Yes Insurance also specialises in offering great deals for cars that are over 5 years old, or are low mileage cars or second hand cars. It also specialises in women’s car insurance policies.

Kwik Fit Car Insurance is another online insurance company which is considered as one of the most renowned cash back web sites throughout the UK. They provide 20% cash back on their Car Insurance.

Yet another company that offers cash back to its customers is Be Wiser. After witnessing huge success of the Be Wiser cash back offer on car insurance, the cash back web site is now offering £40 for every van insurance application.

 For receiving these cash back offers on insurance, all you have to do is fill in small application form available online.

Find out details on the deals from Logbook loans .

If you are looking for a no credit-check, cash loan for some urgent purpose, you have an ideal solution in your hands. Logbook Loans are offering cash loans of £500 to £50,000 for any purpose. With no personal credit checks being done, anyone with a bad credit rating, can also apply for this loan. Arrears, no credit history or CCJs defaulters- nothing comes on your way to apply for this loan.  

You can apply for a Logbook Loan provided you own a vehicle that is free of finance. This is the only requirement for being able to borrow instant cash from Logbook Loans. You can apply for the loan online. Money will reach you in 24 hours from the time of applying. So, no need to browse through the finance directory when you need a cash loan quickly. Logbook Loans is there to help you. Even when you have been refused credit elsewhere owing to your bad credit rating, Logbook Loans is there to take you out of the difficult situation.

Logbook Loans also offers attractive early settlement options. For instance, if you take a loan of £1,500 for a period of 78 weeks and agree for a weekly payment of £53.60, the total payable would be £4,180.80. However, if you decide to settle it early, say in 20 weeks, the total payable would be only £2,601.90.

It is completely your choice to decide how early you would like to settle the loan with logbook loans.

For more information on Logbook Loans, click here.

Hastings Directs insurance policies available Online.

You can now benefit more by buying your home insurance policy online. This is because most UK Insurance companies have started offering discounts on online purchase of their policy. As well as the discount, you also get superb service from them. When we talk about flexible online home insurance, one name that deserves a mention is Hastings Direct. 

Hastings Direct home insurance is provided by Renew Insurance Services Limited, which is authorised and regulated by the Financial Services Authority. They offer home and contents insurance at competitive rates to allow you to protect your dream home from all odds. You are also entitled to receive a discount of 15% if you sign up for their home insurance online. You have the option to buy customised policy as per your needs. They will provide you the quote online. You can go for buildings insurance only or contents insurance only as per your requirements. You also have the option to club both into one policy and avail an additional discount. Isn’t it great? They also allow you to make the payment in a hassle free manner through their flexible Direct Debit.

Hastings Direct Home Insurance covers all contents (except clothing and household linen) on a new-for-old basis. Their Claims Helpline is open all year round.

For more information, you may visit Hastings Direct

Are you looking for cheap car insurance for your Volvo, Honda, BMW, Audi, Ford or any other car? One name you may trust in this regard is that of Hastings Direct. They offer competitive car insurance quotes in the UK by searching through and comparing the quotes of a wide panel of leading UK insurers. The quote is available online once you provide your requirements. If you sign up for a comprehensive car insurance policy with Hastings Direct, you get more than just a competitive online quote.

A comprehensive car insurance policy with Hastings Direct will allow you to receive “No Claim” discount of up to 70% along with a package of benefits. The policy provides courtesy car for free if your car is being repaired by an approved repairer. You also have the option to add other products such as breakdown cover and legal protection. With Hastings Direct, you can get customised policy to suit your needs. If you are looking for some great value deals, visit their site to get the premium rates which are updated regularly. They provide you with the best price available. Just visit their site Hastings Direct know about the details of policy benefits along with the quote.

It’s time to act wiser! If you are planning to get your motorbike insured, why not get it today as you have a golden chance to receive £25 when you sign up for the policy. This cash back offer is available when you sign up for Be Wiser Motorbike Insurance through Surf4fianance.com. The cash back offer comes from the website as an initiative to share the referral fee it receives from the insurance companies whenever someone signs for the insurance through it. 

Now the question is how can you avail this motorbike insurance cash back? Well, it is simple. You just need to email your confirmation of policy (after you sign up for it) to info@surf4finance.com. Someone from Surf4finanace will contact you to get your address and full name. They will then check you on their system and send you a cheque of £25.  

Based in Andover, Hampshire, Be Wiser is a renowned insurance provider having a panel of over 40 recommended insurance companies. Their friendly and experienced staff would help you get instant cover online. They offer free legal protection service as well as RAC (roadside assistance cover in case of breakdown) on all their motor policies. Easy installments are also available. You can get online quotes instantly provided you have the personal details of all riders, full details of the motorcycle(s) to be insured, and details of any claims or convictions for all riders. For more information, visit Bewiser Motorbike Insurance Cashback

Kwit Fit Fitters bring to you an opportunity to sign up for car insurance and take back home a cheque of £20. Isn’t it great? Well, you get this cash back offer when you sign up for their car insurance through Surf4finance.com. Once you sign up, you only need to fill in a small application form and claim the cash back offer.

Kwik Fit Car Insurance also offers you a discount of 20% if you buy their car insurance policy online. They have a panel of 27 leading insurers to help you find the best deal with a competitive insurer. You can get the quote online in just a few minutes. They also offer fantastic policy benefits to their car insurance customers. For instance, you get 10% discount on everything you buy for your insured car from their Kwik Fit centres.

If you buy their comprehensive policies and your vehicle is stolen, you’ll be entitled to receive £20 per day for 5 days, up to a maximum of £100 for hire car costs. They’ll also provide you with a courtesy car when the insured vehicle has gone for repair at an approved repairer. With Kwik Fir Car Insurance, you can also get a cover for your car contents. If anything gets stolen from your car, you can receive up to £150. For more information or to get an online quote, visit kwik fit car insurance

How it feels when you get some kind of a cash back offer on your purchase? It must be a great feeling. Now, you have an opportunity to avail £10 cash back on signing up for a pet insurance policy for your adorable furry friend. Marks and Spencer brings to you this opportunity in collaboration with Surf4finance.com. If you sign up for Marks and Spencer pet insurance through www.surf4insurance.com, you would be entitled to receive £10 cash back. All you need to do is forward your confirmation email to info@gspickles.co.uk and provide your delivery address and full name.

Marks and Spencer is a renowned name in the field of insurance. They are now offering pet insurance online. Available for pedigree cats and dogs as well as crossbreed cats and dogs, their pet insurance will take care of the veterinary fees for illness and injury, prescription food, advertising cost and reward expenses in case your pet is stolen or lost, and also emergency boarding costs. The costs of any long term treatment for your pet are also borne by the policy. You have the option to go for either the Premier cover or for the Standard cover. Although the cover is available when your pet is at least 8 weeks old, there is no upper age limit. The insurance company also offers 15% discount when you buy the policy online. For more information, visit their website Click Here