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Higher personal loan rates 'appear to have fallen'
The rates applied to higher personal loans seem to have dropped slightly in recent times, it has been highlighted by one website.
Whereas the country's top ten personal loans over £5,000 witnessed an average rate of 10.68 per cent towards the start of 2010, moneysupermarket.com believes that this figure has stood more recently at 10.46 per cent.
The site's head of loans and debt Tim Moss suggests that borrowing slightly more may now be a good idea due to the larger rates that are being applied to smaller loans.
However, he stressed: "As with all products it is vital to shop around to make sure you get the best deal and don't be tempted to borrow more than you can really afford to pay back."
Mr Moss also recently responded to the country's latest insolvency figures by saying that they may have represented a period of calm before a tougher spell ahead.