Loan News

Debt charity concerned about high number of redundancies

Consumer Credit Counselling Service (CCCS) has raised concerns about the number of redundancies reported by the Office for National Statistics (ONS) and said many of those affected will now struggle to repay their debts.

Bankruptcy 'still a valid solution'

In response to the latest Insolvency Service figures, financial solutions company Think Money says bankruptcy is still the best option for some people in debt, despite a sharp fall in take-up figures.

Debt collectors use social media to track down debtors

The Office of Fair Trading have warned that debt collectors are targeting people through social media sites such as Facebook and Twitter.

Loans to developing world entrepreneurs offer alternative Christmas gifts

A loan to an entrepreneur in the developing world could make the ideal ‘alternative' gift this Christmas, according to The Co-operative and CARE International UK.

Barclaycard announces additional £100k in educational grants

More lone parents are set to benefit as Barclaycard announces £100,000 in additional funding for educational grants, as part of the award winning Horizons programme, to help lone parents with education and training to get back to work.

Brits spend £9 billion every month paying off debt

One in four people are using over 40 per cent of their wages each month just to pay off non-mortgage debt, according to research from MoneySupermarket.com.

Steer clear of potential loan scams warns OFT

The Office of Fair Trading (OFT) is warning people to steer clear of scam loan companies who take upfront fees but fail to provide credit or offer clearly unsuitable credit alternatives.

Payment Protection Insurance makes headlines for all the wrong reasons

For many years payment protection insurance was sold extensively by banks, credit card companies and other lenders.

Inter-family lending soars in wake of credit crunch

According to research released by Aviva into the ‘secret statistics' of lending between family members, there has been a significant rise in this trend in recent years, with two thirds of consumers (63%) stating that there has been an increase in family approaching relatives for money as a direct result of the credit crunch.

Graduates face 11 years of debt and a life on hold

Today's graduates face a future blighted by student debt and poor job prospects, according to new research from uSwitch.com, the independent price comparison and switching service.

Nationwide Building Society calls for action on legal loan sharks

Nationwide Building Society has given its support to a parliamentary vote to bring in curbs on high-cost credit such as payday loans and doorstep lending.

Savings see a marked rise as debt repayments slow

Brits made a concerted effort with their savings in the first quarter of this year, with a notable rise in the level of money being squirreled away, the highest increase since Q2 2009, according to research from unbiased.co.uk, the professional advice website.