Payday loans vary in repayment term and interest quite dramatically, some payday loan companies charge interest over 1,000 percent, some even over 2,000 percent!

If you are considering a payday loan we would recommend using a lender with a more reasonable APR, and flexible repayment periods.  Payday loans applied for through my-payday.co.uk have an APR of just 200%, the lowest in the UK and can be repaid as quickly or as slowly as desired.  if you cannot repay the loan within a month it isn’t a problem, just repay the interest!

For more information please visit: payday loans.

Another report on the economy from BBC News:

A leading think-tank is predicting it may take another five years for income per head to return to the level it was before the recession hit in early 2008.

The National Institute of Economic and Social Research (NIESR) sees total UK GDP falling 4.3% in 2009 before growing 1% in 2010 and 1.8% in 2011.

This echoes earlier NIESR forecasts but suggests a slower rate of recovery.

NIESR expects government borrowing to hit £165.7bn this year, less than the £175bn the government predicts.

The research body sees income per head – GDP per capita – taking until March 2014 to return to the level it was in the first quarter of 2008, when the recession kicked in.

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BBC News reports:

UK public sector borrowing in June was almost twice as much as a year ago, after the downturn shrank tax receipts.

Borrowing reached £13bn – a record high for the month of June – compared with £7.5bn in June 2008, the Office for National Statistics (ONS) said.

Total outstanding government debt rose to £799bn, or 56.6% of UK GDP – the highest since records began in 1974.

Are there alternatives to a guarantor loan?

This all depends on your financial situation, taking out a guarantor loan from a company like FLM Loans may be your only real option other than taking a much lower amount for a much higher APR.

It should also be remembered that FLM charge interest daily, so you could borrow money for a shorter term that originally planned and not suffer in additional cost, this is great if your financial situation changes and you want to clear your guarantor loan in favour of a high street loan.

Is FLM Loans the best guarantor loan option for me?

We hear this a lot, we work very closely with FLM and can honestly say they offer the best guarantor loans out there!

FLM Loans are the quickest and cheapest sub prime guarantor led lender on the market today and we are very proud to offer their loans through our site.

According to the BBC:

The Nationwide Building Society has introduced a mortgage allowing borrowers to take loans worth 125% of the value of the home they are buying.

It will only be available to existing customers in negative equity who want to move house.

Negative equity means that the value of someone’s home is less than the amount they owe on their mortgage.

Nationwide said the deal was a very “niche offer” and that not everyone in negative equity would qualify.

(Source)

According to this news article from the BBC web site the worst of the recession is over:

The worst of the UK’s recession is over, according to the British Chambers of Commerce (BCC) business group, but talk of a recovery is premature.

Its report, based on a survey of 5,600 companies, found there had been “welcome progress” in confidence levels between April and June.

But the BCC is still predicting that unemployment will reach 3.2 million by the middle of 2010.

It warned that the increase in confidence was fragile.

So we are not out of the woods just yet but it’s certainly a good sign.  Finance will remain difficult to get unless you use guarantor loans from companies like FLM Loans.  Remember though, cover yourself with something like Income Protection Insurance just to be safe!

FLM Loans offer the cheapest Guarantor Loan on the UK market.  FLM are committed to providing finance for people who have been turned down by their bank or other lenders and do this by offering a guarantor product.

To apply for an FLM Loan please click here.