Loan News
How to make a PPI claim
Have you taken out a loan or credit card from a bank or building society? Are you one of the 2 million people who have been sold insurance they don't need and can't use? You may have been recommended to take out something called Payment Protection Insurance (PPI). It helps borrowers to meet the repayments of a loan if they are unable to keep up repayments due to accident, sickness or unemployment.
moneysupermarket.com's guide to debt management
Although the UK officially came out of recession last week the hangover from the impact of unemployment, the high level of personal debt, and the prospect of rising interest rates will drive an increase in the number of people taking out a debt management plan in 2010, according to moneysupermarket.com's debt expert.
The true cost of loan sharks
Over 100,000 UK families turned to loan sharks over the festive period to ensure they had enough cash to cover the costs of presents and all the trimmings, a new report claims.
Mortgage lending strengthened slightly in December
Mortgage lending strengthened slightly in December, with gross lending inflated by some borrowers pushing through purchases ahead of the end of stamp duty relief, according to the British Bankers’ Association (BBA).
CCCS launches Equity Release to help older debtors
Older debtors can now receive direct help from the Consumer Credit Counselling Service (CCCS), the UK's leading debt charity, which is launching a new subsidiary offering equity release without fees to clients in need.
Increasing debt levels forces parents back to work
The amount of debt amongst parents with dependent kids is increasing dramatically so giving up work to care for children is just not an option for many parents.
Debt enquiries expected to surge
With many consumers looking to reduce their New Year debts, Richard Napier, Nationwide's head of credit cards and personal loans, talks about the options consumers have to help them get over their Christmas debt hangover.
Mortgage lending up in November
Total net lending to individuals rose by £1.1 billion in November, according to figures from the Bank of England. The twelve-month growth rate remained at 0.7%. The three-month annualised growth rate was 0.6%, unchanged from a revised 0.6% for October.
Mortgage lending in November holds up
While mortgage lending continued to hold-up in November unsecured loans to consumers dropped further while personal deposits increased by less than in recent months, according to the British Bankers Association (BBA).
Plans to ban logbook loans
Consumer Minister Kevin Brennan has announced plans to ban the use of an outdated law used to sell high-cost loans.
Danger consumers lose out shopping around for loans
The Treasury Committee has released a Report, Credit Searches, which calls on the Office of Fair Trading and the Information Commissioner's Office to investigate the fairness of a part of the credit market.
The year that was 2009
2009 has been a rollercoaster of a year, with numerous ups and downs and twists and turns.
Homebuyer loans at highest for nearly two years
The number of loans for house purchase in the UK reached 55,000 in October, its highest level since December 2007, according to the Council of Mortgage Lenders.
Debt worries cause work life to suffer
The full extent to which serious debt affects our working lives is revealed today by talkaboutdebt.co.uk, the free debt help website.
Indebted, in trouble, and over 50
Whilst more people are paying off their non-mortgage debt than increasing it, more than half of the UK's 50+ population is still carrying an average of £6,734 non-mortgage debt, according to research conducted by moneysupermarket.com.