RSS Feed

Loan News

5 programs for the credit-challenged consumer

When you get older, you come to realize just how important your credit is. Without a decent credit history. obtaining even the bare necessities like housing or a vehicle can become challenging (and costly).

UK lender Oakam selects Provenir for real-time loan decisions supporting digital growth

Provenir, the risk analytics and decisioning solutions provider, has announced that fintech lender Oakam has chosen its platform to help it deliver rapid, accurate loan decisions to personal customers.

Reality TV and soap operas trivialise problem debt, study reveals

Soap opera characters and reality TV stars are influencing people to borrow irresponsibly in order to buy items they can’t afford, according to new research.

Over 40,000 more consumers benefit from free debt advice

More people than ever have benefitted from free debt advice, according to figures from the Money Advice Service.

An expert’s guide to short term loans

Everyone needs a loan from time to time and it’s not always easy to access funds.

First year students now expect to have £30,000 of student debt

The annual Lloyds Bank Student Finance Report reveals another year-on-year uplift in students’ overall estimated debt – rising by over 15% to £22,131 compared to last year’s estimate of £19, 217. Driving this are first year undergraduates, who now expect to come out of university with £30,002 of student debt.

Lying to loved ones about debt - the true behaviour of cash strapped Brits reveals

Brits in debt play down the scale of it hugely, with people actually owing more than double the amount they tell their partners, according to the latest insight from MoneySuperMarket.

Consumer confidence continues as majority of people meet debt repayments

The second Lloyds Bank Lending Report shows that people surveyed continue to feel upbeat when it comes to the future of their finances.

Thirteen million UK households expect to dive further into the red in 2015

Despite last month’s Budget stating UK debt would begin to fall next year, 13 million households believe their situation is going to worsen before it gets better, according to research by MoneySuperMarket.

2.3m Brits are on flexible incomes and battling with debt

Research focusing on fluctuating incomes and the impact it has on people’s ability to make debt repayments shows that many people are struggling to meet their financial commitments because of “zero hours” contracts.

Brits’ debt rockets 41% in just a year

British debt appears to be spiralling out of control, according to research from MoneySuperMarket. Consumers now owe an incredible £196 billion collectively, increasing by a staggering 41 per cent from last year, whilst those aged 18 to 34 have seen their debts almost double in the same period.

7% of adults spend more than 50% of earnings on unsecured debts

1 in 15 (7%) people who have unsecured borrowings are spending 50% or more of their take-home earnings on payments each month, according to research conducted on behalf of debt advice and solutions provider Debt Advisory Centre (DAC).

Retirement debt risk for over-45s

Nearly one in five over-45s expect to retire in debt or are unsure they will clear all their debts before they can afford to stop work, research from leading over-55s financial provider Key Retirement shows.

Government targets billions of pounds of uncollected debt

Government will target billions of pounds of unrecovered debt through a new joint venture launched today with the private sector.

Will it be ‘loan’ly this Christmas for students?

Students are looking at financially frugal festivities this year as one third (33%) say they can’t afford their usual Christmas plans. Christmas funding worries are also making 32% of those surveyed turn to loans to finance festivities, according to new research from Blackbullion.