Loans
Citizens Advice: OFT debt management cold calling warning
Citizens Advice Director of Public Policy Teresa Perchard said:"This is absolutely the kind of prompt and decisive action needed to tackle rogues taking advantage of the downturn."
OFT warns debt management businesses over cold calling
The OFT has told six debt management businesses and four cold-calling companies to stop using unsolicited and misleading calls to advertise their services or face formal enforcement action.
Brits invest in themselves
The annual Halifax Unsecured Personal Loans review takes a look at what consumers are using personal loans for. The research reveals its not just home improvements and cars that motivate Brits to apply for loans; there is a continued trend when it comes to investing in ourselves ....
Secured loan market virtually disappears
This week sees another lender joining the long list of providers that have pulled out of the second charge secured loan market, leaving just Nemo Personal Loans, Ocean Money and Secure Trust Bank.
Legal & General Mortgage Club launches loan service
Legal & General Mortgage Club has launched a loan service for directly authorised members via Moneio and its website ‘The Lending Wizard'.
Loan rates jump 44%
Borrowers looking for an unsecured personal loan have seen rates jump by up to 44% in just two years.
Nationwide reduces Personal Loan rates
With effect from Wednesday 6 May 2009, Nationwide Personal Loans will offer a competitive rate of 7.9% APR typical for loans of £7,500 to £14,999.
Which? blasts banks for challenging PPI ban
As Lloyds Banking Group adds its weight to Barclays' challenge of the Competition Commission's (CC) point of sale ban for Payment Protection Insurance (PPI), Which? chief executive, Peter Vicary-Smith, says: "It's outrageous that a taxpayer-backed bank is challenging the Competition Commission for the right to sell a rip-off product to the very taxpayers who bailed it out.
Loan comparison website offers tips to improve your credit profile
thelendingwizard.com a free, simple and efficient online consumer tool to compare loans is offering consumers 5 top tips to improve their credit profiles.
moneysupermarket.com: FLA's loan report
Commenting on the Finding and Lending Association's (FLA) report of a 45 per cent fall in unsecured loans over the last 12 months, Tim Moss, head of loans and debt at moneysupermarket.com, said; "The FLA seem to have reached the conclusion that the decrease in unsecured lending is down to a fall in consumer demand.
Brits give debt the cold shoulder as recession continues
As financial priorities change to reflect the turbulent economic climate, research from Fairinvestment.co.uk has found that Brits are steering clear of more borrowing.
Consumers shy away from unsecured loans
The latest statistics released by the Finance and Leasing Association (FLA) showed that unsecured loan business has been significantly hit by the credit crunch with new business 45% lower in February compared with February 2008.
Lower loan rates on the horizon
New figures from moneysupermarket.com suggest competition is returning to the loan market. They reveal loan rates have dropped for the first time since August 2008.
83 days of salary needed just to clear interest on debt mountain
As a nation, we have worked the first 83 days of this year just to earn enough money to service the interest on our debts, according to figures from Unbiased.co.uk. This means that so far the nation has not even started re-paying the actual debt itself and thus Wednesday, the 25th March is this year's Debt Freedom Day.
Claiming back PPI just got easier
Which? is once again leading the way in consumer redress by launching a new online PPI complaints tool, making it quicker and easier for people to claim back mis-sold PPI.