Archive for February, 2008
0% Loans Can Be Expensive
Which is best? – A 0% loan over 12 months or a loan over 5 years at 5%?
The answer is that it depends. It depends on your circumstances. If you can afford to repay the loan over 12 months then the zero percent interest is probably a great deal but if you can’t afford the [...]
Bank Rate Change
The Bank of England has reduced the official Bank Interest Rate by 0.25% from 5.5% down to 5.25%
This will be helpful for anyone struggling with their debts if the interest rates follow suit. Credit cards in particular can be very slow to respond if indeed they do follow interest rate changes. Mortgages usually change to [...]
Reduced Profits At Ryanair
In a world where company management invariably puts a positive spin on any bad news they have to release it was refreshing to read of the chief executive of Ryanair, Michael O’leary being bluntly honest. He told us that he expects things to get tough over the next year or so. He expects profits to [...]
