Loans
Over 65s have lent £1.2 billion to loved ones in the past 12 months
Some people are turning to their elders to cover the cost of holidays, nights out and other expenses, according to a new study from Gocompare.com.
Cost of unsecured loans at six year low
Sainsbury’s Bank has announced a flash loan sale, reducing the rate on its Standard Personal Loans from 5.1% to 4.9%APR Representative. During the sale, if the repayment term is between one to three years, the rate becomes 4.8% APR Representative.
Eight million Brits expect to borrow money to fund Christmas
Eight million adults in the UK (16%) expect to have to borrow money to pay for Christmas this year, according to new research from budgeting account provider thinkmoney.
One in six would have to borrow to cover an unexpected £200 bill
One in six people - equivalent to 8 million men and women - would have to borrow money if they had to make an unexpected payment of a couple of hundred pounds.
New debts for old: 2 million borrow to make debt repayments
Two million people borrowed money to make a repayment on an existing debt in July, according to research by Debt Advisory Centre.
For love or money?
More than 11 million Britons (23%) have lent a family member or friend money unexpectedly - with one in ten (11%) having done so in the past twelve months, according to figures released from Bright Grey's annual Financial Safety Net report.
National Empty Homes Loans Fund sparks huge interest
Just one month since the launch of the National Empty Homes Loans Fund (NEHLF), the scheme has received enquiries for funding worth over £1 million - the equivalent of over six months of expected activity.
1 in 5 don't understand the implications of joint borrowing
Borrowing in joint names can have serious consequences if your partner can't afford to pay up - but research by Debt Advisory Centre suggests that many people are signing up for joint credit agreements without knowing all the facts.
1.5m had to borrow money to pay mortgage or rent in the last month
In the last month alone, 1.5 million people in the UK borrowed money to pay their mortgage or rent, according to research by Debt Advisory Centre.
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.
Tesco Bank introduces market leading rate for personal loans
In a move that will see Tesco Bank offer customers the best rate in the market, the interest rate for personal loans from £15,001 to £25,000 will be cut from 7.2% to 6.9%APR representative.
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'.