Loan News
Brits turn to the ‘Bank of Family and Friends' for financial help
In tough economic times people are turning to their loved ones for financial support, with more than half (57%) of UK adults saying that they often lend money to their friends and family, according to research from Gocompare.com.
National Empty Homes Loan Fund launched
An innovative new scheme aimed at bringing some of England's 710,000 empty homes back into use is launching today in a move that will help to tackle the country's housing shortage.
12 million Brits have been refused bank credit
Britain is at the height of a credit crisis, with a whopping 12 million Brits (24%) having been turned away by their banks for credit including bank loans, mortgages and credit cards - an increase on the 7 million reported by Datamonitor in 2010.
Women are the worriers when it comes to dealing with debt
Women are more wary when it comes to debt, according to research from Gocompare.com.
Half of couples who borrow money for their wedding regret it
As the old saying goes, when you're planning a wedding you'll need 'something old, something new, something borrowed and something blue'.
Three times as many people seek online help about bailiffs
In April 2013, the number of people seeking online advice on how to deal with bailiffs almost trebled, rising to over 20,000 from just under 7,000 in April last year.
7 million rejected credit applications in one year
Almost 7 million applications for credit were turned down in the last year, while even more applications for other things were rejected due to the applicants' credit ratings.
Retirees manage mortgage and personal debt of £105bn
The UK's retirement nation collectively manages mortgage and personal debt to the tune of £105.5bn, according to research from MGM Advantage.
Modest growth in consumer credit
New figures released by the Finance & Leasing Association (FLA) highlight the importance of point of sale credit for consumers, including in the motor finance sector where new business has grown 19% in the first quarter of this year.
5 different ways to borrow money
Everyone needs to borrow money at some point in their life, but most people do not understand the proper way to borrow money when they really need it.
The art of borrowing - fine art is latest trend in asset backed finance
The art market saw a record breaking year at auction in 2012 and borro, the UK's leading personal asset lender, has increasingly seen examples of fine art come through its doors over the past year.
Designer diamonds dazzle in borro vaults
borro, UK personal asset lender, has seen a stunning array of unique jewels and gems come through its doors over the years, but the latest trend sees designer diamonds entering the vaults.
In need of cash? are loans the best options?
There may come a time when you find yourself in a financial pinch. Whether you need to meet an outstanding payment or quickly fix something, such as your car, you will no doubt be wondering about the best way to get cash quickly.
Banks slam their doors on 3.7 million UK entrepreneurs
As small businesses struggle to stay afloat, new research from Amigo Loans, has found that just 20% of micro-businesses were funded through a bank loan and one in six had to resort to a payday loan to fund their business.
borro seeing better quality and higher value assets used for loans
Valuation experts at borro, the UK personal asset lender, have revealed the most interesting assets they saw last year.