Loans
Which? calls on FSA to impose sweeping PPI reforms
As Which? Money this week publishes details of a couple who paid £22,568 in PPI for a £56,000 loan, the consumer watchdog has written to the Financial Services Authority (FSA), calling for an overhaul of the PPI market.
Moneyback Bank lowers personal loan rates
Following Moneyback Bank's decrease to its unsecured personal loan rates by 0.6% APR this week, Simeon Linstead, Head of Personal Finance at uSwitch.com, comments: "Amidst the current financial uncertainty, Moneyback bank has provided a glimmer of hope for consumers by lowering its rates for loans between £7,500 - £15,000 from 8.4% to 7.8%.
Twenty-somethings relying on parents to access credit
While it's common for parents to give their children funds towards a first home or a wedding, the credit crunch means they are increasingly being relied on to help their offspring secure loans in various forms.
Brits borrow more despite tight credit
As times are set to get tougher in the UK, borrowing is forecast to soar as Brits struggle to make ends meet. Total unsecured lending stood at £215billion in August 2007, and this figure looks set to have grown considerably over the last year as Brits contend with a credit crisis and looming recession.
AFB launches consultation on regulation of secured loans
The Association of Finance Brokers (AFB) has published a White Paper on the future regulation of the secured loans industry.
M&S Money offers 25% cashback reward on personal loans
M&S Money is offering a 25% cashback reward to customers who take out a personal loan until 29th October 2008.
moneysupermarket.com launches exclusive platinum secured loan
Moneysupermarket.com has launched a new exclusive secured loan with a market leading rate of 7.5 per cent APR.
Car buyers urged to get the upper hand with a same day loan
Motorists looking to buy a new car after the ‘58' registrations become available are being urged by Alliance & Leicester to ensure they have the upper hand when heading to the showroom to make their purchase.
Moneyback Bank and A&L increase unsecured personal loan rates
Following Moneyback Bank and Alliance and Leicester's increase to unsecured personal loan rates by up to 1.1% APR, Simeon Linstead, Head of Personal Finance at uSwitch.com, comments: "Unsecured personal loan deals continue to rise with two more lenders increasing rates by as much as 1.1% APR today.
Borro launches online service to provide short-term loans
‘BORRO' (borro.com) launches today as the world's first online service offering customers short term loans through the temporary release of equity from personal assets such as jewelry, watches, gold, gemstones, memorabilia and other valuables.
Best buy loan rates have increased by 1.3%
Consumers taking out best buy unsecured personal loans could expect to pay £1.2 billion more in interest than they would have if they took the loan out just over a year ago, according to research from uSwitch.com.
Logbookloans.tv launches to provide cash lifeline until payday
Logbookloans.tv launched recently after growing public demand for a safe and easy instant cash advance service that is regulated by government bodies that people in the UK can trust.
Payday Power launches to help provide low risk payday loans
Payday Power launched recently out of a growing demand for a safe and easy instant cash advance service that is regulated by government bodies that people in the UK can trust.
Builders & HGV drivers face debt nightmare
Workers in two of Britain’s key trades are being driven deeper into debt as jobs in construction and road haulage are cut in response to the worsening economic outlook, says debt solution comparison site IVA.com.
Estate agents lose out as loans for home improvement soar
Over half (55 per cent) of estate agents nationwide have reported an increase in homeowners taking their property off the market in favour of making home improvements, according to new research.