Marks and Spencer Money has received the award for best unsecured personal loan provider by Your Money Direct.
It was felt that Marks and Spencer provide several highly competitive unsecured personal loans as well as making it easy for potential customers to work out repayment amounts and select the option that best suits them. M&S also received awards for their credit cards and travel insurance showing just how focused they are on their financial services offerings.
A Marks and Spencer spokesman made it clear that the award was very special to them but that it did not mean there would be any complacency in future. It is always the aim of M&S to deliver great products that offer real value for money and this will continue.
The amount of money people expect to spend on a used car is down 8 percent compared with the previous 6 months. Sainsburys Bank gained this information from their regular survey, finding also that nearly 5 million people plan to buy a used car during the coming six month period.
The advice to anyone selling a car then is to be well aware of the state of the market and not to price their vehicle too high. Knowing how the market is going can really help used car sellers position their vehicles at a price they feel will be acceptable and so get a quick sale.
Sainsburys Bank also found that over 15 percent of second hand cars bought would be financed through a car loan, with the average price of vehicle coming in at over GBP4,500.
Compare unsecured personal loans from Sainsburys Bank and many others.
As the Moneyback Bank stood at the head of the best buy unsecured personal loan table critics were accusing parent company Alliance and Leicester of manipulation.
The offer that got the Moneyback Bank to the pinnacle was a 5.5 percent rate on an unsecured personal loan of GBP 5,000 over a three year term. However this headline rate is only for those borrowing exactly GBP 5,000. If a different amount is requested then the rate is completely different,with even a one pound difference prompting the rate to rise.
Visiting the website of Moneyback Bank there is a loan repayment calculator there showing a difference in repayments of around GBP 200 if the loan is for just one pound less, This is understandably seen as manipulation of the facts to achieve a promotional ranking in the highly regarded best buy tables though representatives of the bank have denied this is the case.
