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The Low Down on Loan Comparison Rates

The Low Down on Loan Comparison Rates

In 2003 it became mandatory for financial institutions to display comparison rates when advertising loans. Why? – The government could see a trend developing.

Lenders were advertising loans with low interest rates, yet on closer inspection, the extra bank fees and charges affected the loan’s overall cost. It was becoming too hard for borrowers to compare one loan against another.

If you want more information on comparison rates…

Click here to read the full article on the Finance Detective Blog