Loans
Indebted, in trouble, and over 50
Whilst more people are paying off their non-mortgage debt than increasing it, more than half of the UK's 50+ population is still carrying an average of £6,734 non-mortgage debt, according to research conducted by moneysupermarket.com.
Students reliant on Government to fund studies
New research from Halifax reveals that the percentage of students relying on the Government to fund their studies has increased in the last year.
Credit market decline slows
The consumer credit market appears to have stabilised but remains down by almost £11 billion on last year, according to new figures by the Finance & Leasing Association (FLA).
Fine firms that wrongly dismiss complaints, says Which?
As the Financial Services Authority (FSA) announces new measures to improve firms' handling of Payment Protection Insurance (PPI) complaints, Louise Hanson, head of campaigns at Which?, says: "While it's good to see the FSA make firms review cases they've wrongly dismissed, we're concerned about loopholes.
FSA unveils tough measures to protect PPI consumers
The Financial Services Authority (FSA) has announced a package of tough measures to protect consumers in the Payment Protection Insurance (PPI) market and ensure they are better treated when buying PPI or complaining about it.
You will never get rich paying interest
Popular financial website The Motley Fool - Fool.co.uk applauds consumers for tackling the UK consumer debt problem head on. According to the Bank of England, there was a net repayment of £0.3 billion of unsecured loans in August though net lending secured on dwellings rose by £1 billion.
Thank goodness for specialist lenders
Banks have been accused of being unwilling to lend in the current economic climate. But the same cannot be said of specialist loan companies such as Sport & Utilities (S&U Plc) that are throwing consumers much-needed credit lifelines - albeit pricey ones.
Personal loan providers up rates
Since the start of September, three unsecured personal loan providers have implemented rate hikes of up to 1.2% for new customers. This product ‘tweak', although seemingly small, could cost personal loan customers an extra £322 in interest paid on a typical loan of £10,000.
Tiuta arranges short term finance in 8 hours
Tiuta, the bridging finance specialist, has announced the completion of a loan in less than a full working day to illustrate the speed at which short term finance can be arranged.
Consumer debt levels rise
It may be one year on since the collapse of Lehman Brothers and unprecedented activity in the world of financial services sparking a global recession, but it seems Brits may not have learnt a lesson from history.
Good car deals available for those who shop around
With new car registrations out this month, you may be thinking of trading in your old car and buying something brand new. And if you drive an old banger you may even be thinking of taking advantage of the government's car scrappage scheme.
Brits dig deeper to foot funeral fees
Steep hikes in funeral fees mean bereaved families are being forced deeper into debt.
Loan rates at unfair heights
Borrowers looking for a personal loan can now expect to pay around 10.32 per cent annual percentage rate (APR).
M&S Money 10% cashback reward offer extended
M&S Money's 10% cashback reward offer to customers who take out a personal loan is being extended until 7th September 2009.
moneysupermarket.com: Nationwide 7.7% loan rate
Commenting on Nationwide's market leading personal loan rate of 7.7 per cent APR, Tim Moss, head of loans at moneysupermarket.com said: "Nationwide has really bucked the trend in the loans market by offering its existing customers the most competitive personal loan rate available by quite some margin.