Annual percentage  rates for loans for unsecured loans with credit scores have also increased dramatically across the board.This is despite falling interest rates. One would normally expect  lending rates to reduce more or less in line with interest rates obviously with a floor so that lenders still have a  margin for profit. From what we can see interest rates have gone some 5 % and unsecured lending rates have gone up some 2%. It just goes to demonstrate how much lenders have had to increase their margins to compensate for the increased cost of their own capital raising and the large number of defaults. The amount of defaults lenders are  witnessing is staggering it seems they are only going to continue rising into 2010. There are so many people aware of IVA,debt management plans and the new 1 year bankruptcy ruling that the stigma with entering into any of these arrangements is far less. When borrowers follow these courses of action it means the lender will only get a fraction or even none of their expected returns all of which ultimately will lead for higher unsecured lending rates. Fortunately we have some great news as we can introduce you to a lender with an APR from 5% or we can help if you need debt advice.