Loan News
‘Bank of mum and dad' means business when it comes to loans
The ‘bank of mum and dad' has its own terms and conditions according to new research from HSBC.
Brits turn to unusual assets for finance
With individuals and small businesses still struggling to access finance from traditional means, Brits are turning to unusual assets to raise finance. borro, UK personal asset lender, continues to see customers coming through the door with unique and unusual assets in the search for finance.
‘Freshers' resigned to graduating over £39k in debt
First year ‘fresher' university students expect to graduate more than £39,000 in debt, according to research from the Money Advice Service.
Wellers Auctioneers & Valuers to provide personal asset loans
borro, UK personal asset lender has concluded a partnership agreement with Wellers, the Chertsey and Guildford based auctioneers and valuers.
Brits take advantage of valuable watches to access finance
An increasing number of individuals have realised that they are sitting on a potential wealth of assets, including valuable watches. borro, the UK personal asset lender, has seen a 122% rise in the average loan provided against watches over the past two years.
borro launches consignment loans service
borro, UK personal asset lender, announces the launch of a consignment loans service.
Brits hide debt from their partners
A new report from The Co-operative Bank has revealed the huge amount of debt - £41bn - that people in relationships are hiding away from their other halves, and the legal implications of the secret cash stash.
In-store instalment credit increasingly popular with consumers
£249 million was advanced to customers buying items such as furniture, white goods and electronics for their homes.
Tips for getting a quick loan approval
People with bad credit are continuously being rejected for loans. If they eventually manage to get one, they’ll be subjected to interest rates that would make your eyes water.
Catalogue debt warning
Debt advice charity the Money Advice Trust is reporting that its National Debtline took more than 25,000 calls for help from people with debts to catalogue companies last year, which is a record.
Rise of the ‘greyday' loans
Over 1.7 million grandparents and parents are being pushed into debt by ‘greyday loans'; the financial assistance they provide to their adult children and grandchildren, research from MoneySupermarket.com has found.
borro sees 661% rise in property related loan applications
borro, UK personal asset lender, has seen a 661% rise in property related loan applications from customers, with one in seven enquiries to the business now related to a property issue.
Serious debt only starts at £14,416
Britons only see themselves in serious financial difficulty once they are in £14,416 worth of debt according to Bright Grey's latest financial safety net report.
How to deal with bailiffs: what they can and can’t do
Steve Rees, Managing Director of debt consultant Vincent Bond & Co, says: “When you think about a bailiff or debt collector coming to your door, you invariably conjure up visions of a burly bouncer who will use intimidating tactics to get money or personal items of value from you to pay off the debt you owe.
Only one in thirteen with debt concerns intend to seek advice
Although debt concern now affects over 18 million (39%) of GB adults, only 1.4 million individuals (or 3%) intend to seek debt advice in the next six months.