The Bank of England Base Rate may have remained frozen at an all-time low of 0.5 per cent since March, but loan rates have continued to head upwards - making the gap between the base rate and the aver

The Yorkshire building society announced on 2 December that it is merging with the Chelsea building society, in what some believe is a bail out. The Gloucester-based Chelsea has made massive losses in

Government gets tough on credit card providers Do you already have a credit card or perhaps even more than one? Well if so, new rules are being drawn up by the government that may affect you. In a s

Paying out a monthly fee for a packaged current account offering a host of incentives may seem to make financial sense. But while these so-called "premier" accounts might appear attractive at first s

Most people know by now that the current recession has made banks and lenders of credit generally more risk averse. The 100 per cent mortgage which two years ago was taken for granted is now almost a

A credit card can take you nearly you anywhere; the only thing that may be holding you back is the credit limit. Maybe you are considering a large purchase that your credit limit won't cover. Maybe yo

For many people with debt, refinancing is the best way to lower monthly payments and save a great deal of money over the life of the loan. Loan refinancing offers consumers the chance to find more fav

Switching your debts between credit cards used to be a simple affair, but the days of transferring your balance from one 0% deal to another could be coming to an end. Bad debts are causing major pro

If you've recently applied for a credit card, you may have found it far more difficult to get accepted than before. This is because card providers are now stricter about who they lend to and are opera

Derogatory information is information in your credit history that lenders may legally use to turn down a loan request or application for credit. Derogatory information includes such things as bankrupt