Loan News
Value of payment protection never greater as redundancies rise
Escalating redundancies and further gloomy forecasts for Britain's economic outlook have underlined the case for workers taking out payment protection schemes, says standalone provider Paymentcare.co.uk.
Borro.com waives first month's interest on new short-term loans
Borro.com, UK online pawnbroker, is waiving the first month's interest on all new short-term loans made before 31st January 2009.
Competition Commission PPI crackdown will put off customers
Plans to ban the sale of payment protection insurance at the same time as loans, credit cards and mortgages will deter customers from buying it, according to research for MoneyExpert.com.
MoneyExpert: Lloyds TSB's new-style PPI
Sean Gardner, director of MoneyExpert.com, said: "One of the major bones of contention over PPI has been the expense of piling upfront costs onto a loan, meaning the customer incurs long term interest on the price they paid.
Lloyds TSB launches new payment protection insurance
Lloyds TSB has announced that it will be launching a regular monthly premium, payment protection insurance (PPI) product for personal loan customers in January 2009.
Borro.com: First month's interest waived on all short-term loans
Borro.com, the UK's leading online pawnbroker, has announced that it is waiving the first month's interest on all new short-term loans made before 31st January 2009.
PayPal uncovers UK’s £4.71 billion ‘friendship debt’
A year into the credit crunch, research from leading online payment provider PayPal has found that it's not just the banks struggling to reclaim outstanding loans.
Debt worries pile on the pressure
Nearly one in three (30%) UK adults are concerned about their ability to manage their personal debt as the onset of recession piles on the financial pressure, according to research from MoneyExpert.com.
Beware of these five recession vultures
In these tough economic times, many companies will seek to take advantage of vulnerable people for their own gains. Fool.co.uk is warning consumers to read the small print when considering any financial products
Liquidity-on-demand available from Borro.com
Borro.com , UK online pawnbroker, has announced it is increasing the upper limit of its loan range to £1 million to meet the increasing demand from home owners, business owners, property developers and city financiers for liquidity-on-demand.
Debt trade association gets OFT code approval
The Debt Managers Standards Association (DEMSA) has become the first trade body within the debt management industry to successfully secure approval for its code of practice under the OFT Consumer Codes Approval Scheme (CCAS).
Fear factor driving up demand for PPI
Borrowers are scrambling to protect their loans with PPI before they fall foul of the recession and lose their jobs, says standalone PPI provider Paymentcare.co.uk.
NFDA slams proposed PPI changes
‘Proposed changes to payment protection insurance (PPI) sales that would require a 14 day cooling off period following the sale of finance could make it very difficult for car dealers to sell these products to their customers, and lead to consumers leaving themselves unprotected in the event of an inability to repay a loan,’
Competition Commission's findings into PPI
Commenting on the Competition Commission's findings into PPI, Clare Francis, site editor of price comparison site, moneysupermarket.com, said "PPI has been a cash cow for lenders for too long now and this crackdown is welcome.
CC decision is a victory for consumers, says Which?
As the Competition Commission announces its ‘provisional decision on remedies into the PPI market', Peter Vicary-Smith, Chief Executive of Which? says: "This is a huge victory for consumers who have often felt pressured into buying expensive and inadequate PPI products.