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Loan News

Generation Y turning to high-cost credit

People aged 17 to 24 who are struggling to make ends meet are more likely to turn to risky credit options like a payday lender, than other types of credit.

Quarter of Brits say they have been contacted by people trying to recover outstanding debts

More than one in four people in the UK say that they have been contacted by either an individual or organisation attempting to recover an outstanding payment or debt at some point, according to new research.

Two-thirds of Brits think reality TV encourages irresponsible lending

Fictional characters, celebrities and reality TV stars are all helping to encourage people to borrow irresponsibly in order to buy items they cannot really afford, according to the majority of respondents to a recent poll.

Fifth of Brits owe money for things they no longer own

A fifth of people in the UK - equivalent to 12.6 million adults across the country - still owe money for something that they no longer own. hands out free ‘money trees’ to encourage Brits to grow their money hands out free ‘money trees’ to encourage Brits to grow their money

Peer-to-peer lending platform,, took to the streets of London this week to hand out cash-laden ‘money trees’ in a bid to encourage Brits to grow their money and safeguard their future.

Debt management firms must raise their game

The Financial Conduct Authority (FCA) says debt management firms must demonstrate they provide appropriate advice, do not charge unfair fees, and have adequate processes for handling client money when assessments for consumer credit authorisation start next month.

One in six young adults admits their debt has ‘spiralled out of control’

Young people are making money mistakes in their first years of adulthood - which impact their lives for years to come according to the Money Advice Service.

UK’s debt savvy cities revealed in countdown

Birmingham has been named as the most ‘debt savvy’ place in the UK according to a new countdown.

£20m year one target for new specialist peer to peer property lending platform

CrowdProperty has announced its launch with a target of £20million funds to be raised from private individuals in its first financial year.

Guides take on loan sharks

Girlguiding group has joined the fight against illegal money lenders and been rewarded for making a difference in their community.

Family lending helps Brits plug gap of household finances to tune of £31 billion

More than one in four (28%) UK adults have been forced to borrow money from family members, new research shows, and with the average amount borrowed by individuals standing at £2,123 the collective family lending economy is now worth around £31 billion.

Students consider leaving university as debt spirals

There has been a worrying uplift in students overall estimated debt – rising almost 14% to £19,217 compared to last year’s estimate of £16,909, according to the fourth annual Lloyds Bank Student Finance Report.

Brits at risk of spiralling debt

New research has revealed that adults across the UK are not prioritising their finances, with almost 90% of people saying they do not spend much time thinking about important financial decisions.

Debt advice works for nine out of ten over-indebted people

Debt advice works for nine out of ten people struggling with serious financial problems, according to the latest figures from the Money Advice Service.

1 in 5 former couples left with unsecured debts in joint names

A fifth of couples who split up in the last year share unsecured debts, new research has found.