The UK Loans Market gets Competitive

As if the UK debt market isn't at busting point already, there are several Loan companies vying for new customers and the year has just begun. January is the busiest month of the year for loan applications so it is basically a feeding frenzy for the loan companies. What is the UK debt situation going to look like at the end of the year? Personal loan rates are dropping all the time and at the time of this article being written one of the more competitive rates being promoted in the market is 5.5%. This applies to loans from as little as