Loan News
Students reliant on Government to fund studies
New research from Halifax reveals that the percentage of students relying on the Government to fund their studies has increased in the last year.
Credit market decline slows
The consumer credit market appears to have stabilised but remains down by almost £11 billion on last year, according to new figures by the Finance & Leasing Association (FLA).
Fine firms that wrongly dismiss complaints, says Which?
As the Financial Services Authority (FSA) announces new measures to improve firms' handling of Payment Protection Insurance (PPI) complaints, Louise Hanson, head of campaigns at Which?, says: "While it's good to see the FSA make firms review cases they've wrongly dismissed, we're concerned about loopholes.
FSA unveils tough measures to protect PPI consumers
The Financial Services Authority (FSA) has announced a package of tough measures to protect consumers in the Payment Protection Insurance (PPI) market and ensure they are better treated when buying PPI or complaining about it.
You will never get rich paying interest
Popular financial website The Motley Fool - Fool.co.uk applauds consumers for tackling the UK consumer debt problem head on. According to the Bank of England, there was a net repayment of £0.3 billion of unsecured loans in August though net lending secured on dwellings rose by £1 billion.
Thank goodness for specialist lenders
Banks have been accused of being unwilling to lend in the current economic climate. But the same cannot be said of specialist loan companies such as Sport & Utilities (S&U Plc) that are throwing consumers much-needed credit lifelines - albeit pricey ones.
Tiuta arranges short term finance in 8 hours
Tiuta, the bridging finance specialist, has announced the completion of a loan in less than a full working day to illustrate the speed at which short term finance can be arranged.
Consumer debt levels rise
It may be one year on since the collapse of Lehman Brothers and unprecedented activity in the world of financial services sparking a global recession, but it seems Brits may not have learnt a lesson from history.
Brits dig deeper to foot funeral fees
Steep hikes in funeral fees mean bereaved families are being forced deeper into debt.
Loan rates at unfair heights
Borrowers looking for a personal loan can now expect to pay around 10.32 per cent annual percentage rate (APR).
Brits begin to ditch the debt
Research conducted by moneysupermarket.com has found that whilst more people are paying off their non-mortgage debt than increasing it, more than half of the UK's adult population is still carrying an average of £6,956 non-mortgage debt.
Stronger protection for consumers borrowing money
Consumers taking out new deals on credit and store cards and personal loans are set to benefit from enhanced protection.
Seven not so magnificent loan providers up rates by 1%
In just four weeks, seven unsecured personal loan providers have implemented rate hikes of 1% for new personal loan customers, increasing the average loan rate from 8.74% to 9.07% compared to this time last year.
‘Green shoots of recovery' lead Brits back to debt
With news that we are near the end of the recession all around us, research from Unbiased.co.uk, the professional advice website, reveals that the so called ‘economic optimism' has led Brits straight back down the debt path.
Citizens Advice warns of overzealous use of charging orders
Lenders are increasingly threatening customers with charging orders as a tactic to intimidate debtors into paying unaffordable amounts says a new report out today from national charity Citizens Advice.