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A loan at less than 3%? It's just fake news, says industry insider | Patrick Collinson

6 days ago   |   By The Guardian

Banks and price comparison sites shouldn't be allowed to mislead when advertising interest rates When broadband ads promise superfast connections but Bodyguard still buffers constantly on the iPlayer, then it's right that the supplier is pulled up. Just this week Vodafone adverts were banned by the Advertising Standards Authority for misleading customers over speeds. So why is every bank and price comparison site allowed to mislead customers when advertising interest rates on personal loans? When I test-searched the comparison sites for a £9,500 loan over three years, the deals were...
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