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The Finance & Leasing Association (FLA) published data this week which shows that more customers are buying used vehicles with car finance deals.

The FLA figures showed that some 66,000 used vehicles were purchased via car finance during the month of September, with a total financial value of more than £600 million. Additionally, around 60 per cent of new cars bought in September were bought through car finance deals.

FLA head of motor finance Paul Harrison told rac.co.uk that “September is a hugely important for the motor industry as it sees the release of the new number plates. Our figures make encouraging reading for dealers and finance providers in what are still tough trading conditions.”

“Dealer finance has bucked the downwards trend of some other lending markets, in part because of the wide range of products available to consumers.”

According to a recent report by the Press Association, the price of used vehicles has also been falling, with the average price now £8,870 – some 2.4 per cent less than 12 months ago.

New figures released this week have revealed complaints about used car finance and the state of the used cars themselves to be top of the Office of Fair Trading (OFT) list.

Across the UK, more than 56,000 people have complained to the OFT about these issues in the year so far, the watchdog revealed today.

The figures showed that over 70 per cent of complaints were about problems with the vehicles, while more than 13 per cent concerned false or misleading claims by the seller, either about the car or its car finance package.

The OFT is launching a Know Your Consumer Rights campaign covering the potential problems encountered when buying a used vehicle.
As part of the campaign, the OFT has produced a short film which can be viewed online, to inform people about their basic rights when buying used cars, and what to do if problems emerge after the sale is over.

Here are Surf4finances Top 10 Insurance providers for 2012.

1. Hiscox Insurance –

2. Churchill Insurance -

3.  Direct line Insurance –

4.  Kwik Fit Insurance –

5.  Co-op Insurance –

6.  Yes Car Insurance –

7. Virgin Insurance Home Insurance –

8. Virgin Travel Insurance –

9.  Be Wiser –

10. The Green Insurance company –

Managing several debts to several lenders can be confusing. If you’re concerned about getting into difficulty ‘juggling’ your unsecured debts and keeping on top of your monthly repayments, you might want to consider ways of simplifying your debts.
One possible approach is debt consolidation. When most people talk about debt consolidation, they usually mean a debt consolidation loan. Depending on your personal circumstances, taking out a debt consolidation loan could allow you to repay your debt at a rate you can comfortably afford.
How does a debt consolidation loan work?

A debt consolidation loan is a new loan you use to pay off all your existing unsecured debts. This basically works by ‘rolling’ all your debts into one single debt, so you don’t have to keep on top of multiple debts to multiple lenders.

By bringing all your debts together with a debt consolidation loan, you can start making just one monthly payment to just one company – a payment that you can specifically arrange to be affordable.

Taking out a debt consolidation loan also means you’d know exactly how much your debt will cost you every month, and can make it less likely that you’d incur extra charges by missing your payments.
Are there any drawbacks to debt consolidation?

In many cases, taking out a debt consolidation loan is only appropriate if you can consolidate all your unsecured debts.

What’s more, it can also let you run up new debts on your credit cards or overdraft, so if you feel you don’t have the willpower to resist doing this, a debt consolidation loan might be a bad idea.

It’s also important to be aware that agreeing to repay your debt by making smaller payments over a longer period could increase the overall cost, as you’ll be repaying interest over a longer period too.

Is debt consolidation right for me?

Generally, debt consolidation loans are best suited to people who are managing their debts relatively comfortably, but want to simplify their debts (and potentially reduce their monthly payments).

Taking out a debt consolidation loan is only a good idea if you know you can afford to repay it, and if you have a regular income that means you can cover your monthly repayments. If you actually can’t afford to make your repayments to your existing debts, and you’re looking for debt consolidation in Scotland, a solution such as a Trust Deed may be the best way out of debt for you – to explore your options, speak to a professional debt adviser.

Also, if you’re worried about your credit record, it’s worth remembering that taking out a debt consolidation loan won’t damage your credit rating. In fact, since it can make it easier to make all your payments on time, it could actually help you protect it.

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.

Our Site now lists literally hundreds of different Cash back and Charity Donation Offers.

In order to help make the site easier to navigate and help you find the right offer we have decided to provide a list of our most viewed and used services.

Cash back Offers Top 5

Hiscox Home Insurance – £75 Cash Back

Be Wiser £40 Car Insurance Cash Back

Virgin Home Insurance £20 Cash Back

Budget Van Insurance £25 Cash Back

Yes Car Insurance £13 Cash Back on Car Insurance

Charity Donation Offers Top 5

£35 for Charity with Churchill Car Insurance

£75 to Charity of your choice with Direct Line Van Insurance

£10 to Charity with Churchill Travel Insurance - Just imagine if 100 holiday makers used us for there insurance it would raise £1000 for charity.

£40 For Charity with Churchill Home Insurance

Direct Line Home insurance £45 for Charity

Payday loans – Meet cash requirements till the payday

If you run out of money prior to your next payday, payday loans can help out of the situation. Payday loans are short term loan which have to be paid back by the next payday. When you take the loan, the lender asks you to sign a check for the loan amount along with some fees. The lender will retrieve the money from your account on the payday. If you’re unable to make the payment, the loan keeps accumulating.

 Qualifying for a payday loan is not very difficult. But you’ll have to meet few basic criteria in order to get the loan. Given below are few eligibility criteria.

 1.      You should be minimum 18 years old.

 2.      You need to be employed with a minimum income .

 3.      You should be an U.S citizen.

 4.      You should possess a valid and active bank account.

 5.      You should be able to provide proper evidence of address.

 7 Advantages of payday loans

 Given below are the various benefits of payday loans.

 1.      You can get the loan within 24 hours.

 2.      You need not be physically present to apply for the loan.

 3.      You will be relieved from lengthy loan processing.

 4.      You can borrow money irrespective of your credit score.

 5.      You can meet urgent cash requirements.

 6.      You don’t have to keep any collateral to the loan.

 7.      The loan can be paid easily and there are no installments.

Payday loans offer you fast cash in times of need. But don’t make it a habit and start using it for every small necessity. Be careful of the high interest rates and do not accumulate payments.

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