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News Archive > 2007 > Oct > 11
During this crucial hour of credit crunch prevailing in the UK, many lenders have receded from the loan market bearing heavy losses.
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United Kingdom of Great Britain & N. Ireland (Press Release) October 11, 2007 -- London (Ask4loan) October 4, 2007: Due to this global credit crunch, it is feared that the United Kingdom’s economic growth is likely to get poorly affected. With a slow growth in the economy, budget deficit would increase leading to possible spending cuts. This, in turn, would force the interest rate to jump to the next higher level making things difficult for the financial institutions and the people.

The Bank of England has raised the base-rate five times within a year before a credit crunch forced it to rethink. With such a financial turmoil and slow economic growth, many experts fear another hike in the base rate. According to some experts, the UK should trim its interest rates to bolster and boost the economy to counter this expected economic slowdown next year.

This credit crunch has prompted many lenders to withdraw their businesses from the UK market. Due to such instability, there are many others who have taken back some of their products from the market. ask4loan, on the other hand, has pulled up its socks to set forth affordable and cheap loan packages for the convenience of their customers and their brand.

Ask4loan, an online brand of Shakespeare Finance Ltd., has a versatile array of personal loans and cheap loans packages. Where house prices are gradually falling building a picture of uncertainty in the housing market, experts opine that personal loans are the most appropriate money solution at this hour. Starting their interest rates at 6.7% their loan packages are highly competitive in the loan market suiting the pocket of every potential customer.

Following such a trend, their highly-skilled team has crafted hand-picked solutions catering to a wide range of profiles. Their prime focus is to reach every potential customer belonging to any profile segment ranging from prime, near prime, sub-prime to highly adverse. On understanding the status of these different profiles, their team has devised different loan packages serving their requirements.

For people with bad credit, ask4loan has in offing an offer to help them manage their cumbersome debts. Where such profile is not readily accepted, they stand by their customer’s side by providing them with bad credit loans in combating their current circumstances. For homeowners, a not to be missed deal is the secured loans. All packages of their deals carry a streak of cost-effectiveness, affordability, easy manageability and quickness.

Before presenting the final loan deal for their customers, ask4loans does an intense study on loan comparison prevailing in the UK loan market. With an aim of providing the cheapest loan offers they compare over 400 UK loan plans predominating in the market.


For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact Webmaster or visit http://www.ask4loan.co.uk


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