Loans

OFT crackdown on debt management companies

The OFT has told 129 debt management firms that they face losing their consumer credit licences unless immediate action is taken to comply with its Debt Management Guidance.

Four in ten adults worry about their personal debt

Four in ten adults in Britain (almost 19 million people) are worried about their debt, according to research by R3, the insolvency trade body.

Government launches My Home Finance scheme

Commenting on the launch of the Government's ‘My Home Finance' scheme, Joanna Elson OBE, chief executive of the Money Advice Trust, said: "We welcome this addition to the consumer credit market.

Compass payday loan interest cap proposal

Stephen Jones, money reporter says "It is encouraging that Compass have brought payday loans into the spotlight and highlighted the need for change.

Credit Jungle: Consumer champions?

Ten years ago, John Dobson and his business partner, Mike Green, approached Skipton Building Society with a simple but ambitious plan. They wanted to create Britain’s third credit reference agency and a rival to the giants, Experian and Equifax.

Personal debt burden all too clear for Brits

Over 90% of Brits are aware of their own personal financial position and the level of debt they currently carry, according to research issued by accounting software company, Accountz.

Sainsbury’s Finance cuts personal loan rate

Sainsbury's Finance has announced a reduced rate of 7.7%, available from 9th September until 7th October, for Sainsbury's shoppers applying for a personal loan between £7,500 and £14,999.

Save £509 when you buy a new car

Savvy shoppers could save up to £509 when buying a new registration car this autumn, simply by sorting out their finance before heading to the garage, according to findings from Confused.com.

Nationwide cuts personal loan rate

Nationwide Building Society has cut its personal loan rate to 7.6% APR typical, making it the UK's lowest personal loan rate. This rate is for loans of up to five years between £7,500 and £14,999 for its main FlexAccount customers.

Brits borrowing more to invest in home improvements

Britons are continuing to invest heavily in their homes despite continued reports of challenging economic conditions, according to Sainsbury's Finance, which says homeowners are spending more on home improvements and investing more in their property.

Nationwide market-leading loan available to more people

From 7 September 2010, more FlexAccount customers will be able to apply in branches for Nationwide's market-leading personal loan rate of 7.7% APR typical. This coincides with the release of the new car registration plates in September, which is likely to increase the number of personal loan applications in this time period.