The historically low base rate of 0.5% has been with us for quite a while now. Speculation has been that this might have to increase towards the end of this year, however an article over the weekend floated the possibility of this rate being the new norm and not needing to rise until 2014.

For anyone with a mortgage that has reduced in line with the base rate reductions that could be incredibly good news. Not such good news for savers, but the majority of people reading this blog are borrowers or potential borrowers.

Whilst lower interest rates have largely been passed on to customers in the mortgage sector in the unsecured loan sector rates remain high. Lenders are still extremely risk averse, looking for reasons to turn down loans rather than approve them.

Even if you have a good credit history finance is not easy to get and for those with poor credit it has become near impossible, save for a few niche lenders. Bad credit unsecured loans do attract very high interest rates currently to reflect the increased risk taken by lenders.

When times are difficult and loans not easy to find the best advice is to shop around. Better still use a credit broker, like ourselves, to do the hard work for you. We have a number of lenders on our books who can offer unsecured credit and finance. This is the area we specialise in.

Getting a quote from us is as easy as completing our online enquiry form, sitting back with your feet up and waiting for us to call you with our best offer. It only takes a couple of minutes to enter your details.

We match the plan with the lowest interest rate, and therefore the lowest monthly repayments, to your individual circumstances. We don't waste any time and funds can be arranged quickly for those applicants that are approved. Don't forget, you only complete one form, it takes a couple of minutes and from this you have access to a number of quotes.