Loans
moneysupermarket.com: cahoot's flexible loan rate hike of 5.5%
Stuart Glendinning, managing director at moneysupermarket.com, comments on cahoot’s flexible loan rate hike of 5.5 per cent:
Kensington Personal Loans introduce new service initiatives and lower prices
Kensington Personal Loans (KPL) has introduced new service initiatives and lower prices across its product range, following a successful pilot in which it is paving the way to regulation of the market through superior customer service and criteria.
Ed Balls announces funding for projects tackling loan sharks
The Economic Secretary to the Treasury, Ed Balls, and Trade and Industry Minister, Ian McCartney, today announced funding of £1.2 million to provide specialist enforcement teams to tackle the problem of illegal money lending.
Nationwide extends LoanCare cashback offer
Nationwide Building Society has extended its LoanCare cashback offer until 31 January 2007.
ABCUL welcomes price comparison website
Plans for a website which will allow consumers to compare the costs of home credit providers and compare them with credit union loans available in their area has been welcomed by the Association of British Credit Unions.
Super complaint delivers ‘excellent result’ for home credit customers
Commenting on today’s final Competition Commission report on the UK’s £2bn a year home credit industry, Ed Mayo, chief executive of the National Consumer Council (NCC) said:
Men spend personal loans on cosmetic surgery
Sainsbury’s Bank estimates that every day, around £1.8 million is spent on cosmetic surgery but according to its analysis of its loans data, it will not just be women who will be forking out to improve their physical appearance. It estimates that this year, in the UK, over £5 million will have been taken out in personal loans for cosmetic surgery, and around a fifth of this will be in loans for men. The average size of loan for cosmetic surgery is around £6,500.
UK consumers call for loan shark tax
Many consumers are calling on the Chancellor to use his upcoming Pre-Budget Report to introduce a new tax on companies who sell high interest loans.