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/li> 0 comments Borrowers with a bad credit history can now get cashback on a credit card for the first time. The Capital One Classic Extra card gives 0.5 pc cashback on all spending, with no maximum limit. It also rewards card holders with a £5 bonus when they open their account. Cashback is credited every January. But unlike most cashback cards, borrowers do not need a perfect credit history to stand a chance of being accepted. So-called credit-repair cards such as this are specifically aimed at people who may have struggled with debt in the past.  Cashback: The Capital One card that offers cashback and builds your credit history The idea is to use the card to build up a history of using credit responsibly, making it more likely you will be accepted for a mainstream credit card, loan or mortgage in future.   More... Credit card firms pay out £50,000 in compensation for ONE woman's claim on mis-sold PPI NEW DEAL ALERT: Capital One wades in with new 5% Aspire

/li> 2 comments Barclaycard will launch a new balance transfer card deal which will give new customers 25 months of zero interest when they transfer their credit card debts. Bettering its existing market-leading balance transfer card by a month, the product will go live on its website on Monday, though it may be available on aggregator websites before then. New customers will have to transfer a balance to their Barclaycard Platinum Card within 60 days of opening their account to qualify for the introductory offer. Market leader: Barclaycard will introduce a new 25-month zero interest balance transfer card this Monday. The transfer comes with a 3.5 per cent fee - £35 on a £1,000 transfer - but there will be a partial refund against this which reduces it to 3.2 per cent, or £32 on £1,000. It will also come with 0 per cent interest on purchases for six months, and a typical APR of 18.9 per cent.   More... The best balance transfer deals to help you clear New Year deb

/li> 1 comments The latest move in the increasingly predictable game of tit-for-tat being played by Britain's personal loan providers was made by the Derbyshire Building Society today. Coming three weeks after Clydesdale and Yorkshire Banks announced a market-leading 5.1 per cent Representative APR rate on loans between £7,500 and £15,000, the Derbyshire has announced it will be matching that rate for its online customers. The rate is available to 51 per cent of successful applicants on loans of between one and five years which are taken out with via www.thederbyshire.co.uk or through a comparison website. Price matched: The Derbyshire Building Society has matched Clydesdale Bank's market-leading personal loan rate. This would mean a £10,000 loan taken out over five years would result in £11,350.25 being paid back at £189.17 a month. Banks and building society have been locked in battle over personal loan rates for the past year, which has seen the rates dro

/li> 2 comments A week-long 'sale' at the Derbyshire Building Society will see mid-range personal loans on offer at a market-leading interest rate of just 5 per cent. The offer is now available until 11pm next Monday, February 25, and improves on the Derbyshire's current market-leading offer of 5.1 per cent (APR representative) on loans between £7,500 and £14,999 on loans between one and five years. This would see a person taking out a £10,000 loan over five years having to repay £11,322.74 at a rate of £188.71 a month. Market leading offer: The Derbyshire Building Society is offering personal loans for 5 per cent APR until Monday. Derbyshire BS, which is part of the Nationwide Group, has been one of the main movers in the loan price wars that have been ongoing for over a year now. Five per cent is now the lowest rate seen in at least the last 10 years and with the Government's Funding for Lending scheme allowing banks to obtain cash at interest rate

/li> 1 comments Payday loan borrowers are being targeted by a high-interest credit card, promising to ease their debt woes. Capital One’s Balance Plus card allows you to pay money from it directly into your bank account. You can then use this money to pay off  high-interest debts. There is a 3 per cent fee for this — so if you transferred £200, you’d be charged £6. Candid Money: 'This new card may be a lifeline for many, but if they struggle to meet payments, their debts will still mount' If you take out the card before the end of March, there is no interest to pay until July. In theory, this will allow you to slash the amount you owe. After this, interest will kick in at 34.9 per cent. However, calculations by the website Candid Money show that the card would still work out cheaper than overdrafts and payday loans. For example, someone who borrowed £200 on the card and paid back £5 a month would pay £30 in interest over six months — excluding any

/li> 0 comments Credit card providers continue to better their offers to balance transfer customers, with Fluid the latest firm to extend its zero interest period. Last month saw market leader Barclaycard announce the longest ever interest-free period on a balance transfer card with 26 months on its Platinum product. Other providers have been increasingly pushing the boundaries as they look to bring in new customers, offering them ever longer periods to get themselves out of credit card debt without incurring any extra interest. New offer: Fluid has increased its balance transfer zero interest period to 24 months. Fluid has increased its 23-month 0 per cent balance transfer card to 24 months, with those transferring from credit cards having to pay a 2.89 per cent fee (£28.90 from a £1,000 transfer). It betters the 24-month products offered by RBS and Natwest, which have 2.9 per cent fees, but Barclaycard and Halifax offer 25-month zero interest cards with lower fees

/li> 6 shares 4 comments A triple whammy of rate cuts by Tesco Bank has sent it thundering up the best buy tables for personal loans. The bank has slashed the cost of its low, mid and high range personal loans which can be taken out over a period ranging from one to 10 years, depending on what the loan is used for. The biggest cut has come in loans ranging from £5,000 to £7,499, which has seen its rate cut from 7.8 per cent to 7 per cent APR Representative, the second best rate around after the 6.9 per cent offered by Sainsbury's Bank and Santander. Rate cuts: Tesco Bank has reduced the cost of all of its personal loan products. This means someone taking out a £6,000 loan over three years will now have to pay back £79.29 less. Meanwhile mid-range loans between £7,500 and £15,000, typically the bellweather of the UK loan market, have been reduced from 5.2 per cent to 5.1 per cent APR Representative, equal with market leaders Sainsbury's Bank, Clydesdale