| Why you should never take a loan from your bank
You can almost always borrow more money for less by shopping around online. Save yourself hundreds of pounds by not falling for the hype. Have you ever been tempted by the thought of borrowing thousands when your bank sends you a loan offer in the post? What about that moment when you ring up and they offer you an account review and you just know they actually mean to offer you a personal loan? Our advice is to steer well clear of most high street banks if you are looking for a loan. Most offer really poor value and you can do much better shopping around for cheaper credit. This is especially true if you are looking to borrow less than 7,500. Compare personal loan rates with our best buy tables High Street bank loan rates look good on paper The big banks are masters of the art of spin.
Australian Households Positive On Personal Finance-RBA
(RTTNews) - According to the Reserve Bank of Australia, the Australian households are now taking a more cautious approach to their finances than earlier. In its half-yearly financial stability review released on Monday, the central bank said, " Households are generally positive about the outlook for their personal finances, and while mortgage arrears have increased following the general lowering of credit standards over the past decade, they remain relatively low both by historical and international standards." There are some pockets of concern, the bank said, particularly in western Sydney, and among households that took out loans with high loan‑to‑valuation ratios in 2003 and 2004. The overall over all picture however now remains, quite reassuring, the RBA observed.
Best Buy bests Circuit City
MINNEAPOLIS (AP) - Best Buy pulled further ahead of consumer electronics retail rival Circuit City yesterday, reporting an 18.5 percent rise in its fourth-quarter profit while Circuit City swung to a loss.
Best Buy Co. Inc., the nation's biggest consumer electronics chain, said it earned $763 million, or $1.55 per share, during the quarter that ended March 3, up from $644 million, or $1.29 per share, in the three months ended Feb. 25, 2006.
Revenue rose 21 percent to $12.9 billion from $10.69 billion a year ago, driven by store openings and a quarter that was a week longer than last year's.
Analysts surveyed by Thomson Financial were expecting earnings of $1.52 per share on revenue of $12.67 billion.
Best Buy also announced that it would carry Apple computers in 200 stores by this fall.
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