Loans
Thirteen million UK households expect to dive further into the red in 2015
Despite last month’s Budget stating UK debt would begin to fall next year, 13 million households believe their situation is going to worsen before it gets better, according to research by MoneySuperMarket.
2.3m Brits are on flexible incomes and battling with debt
Research focusing on fluctuating incomes and the impact it has on people’s ability to make debt repayments shows that many people are struggling to meet their financial commitments because of “zero hours” contracts.
Santander announces new personal loan rates
Santander has reduced its rates on personal loans of between £5,000 and £7,499 to a market-leading 4.6% APR.
Halifax offers extra to customers who buy their next car with a Clarity Loan
Marking the one year anniversary of the launch of the Halifax Clarity Loan, customers taking out a Halifax Clarity Loan to buy their next car will be given 12 free car washes, a free MOT and 20% off a service.
Brits’ debt rockets 41% in just a year
British debt appears to be spiralling out of control, according to research from MoneySuperMarket. Consumers now owe an incredible £196 billion collectively, increasing by a staggering 41 per cent from last year, whilst those aged 18 to 34 have seen their debts almost double in the same period.
7% of adults spend more than 50% of earnings on unsecured debts
1 in 15 (7%) people who have unsecured borrowings are spending 50% or more of their take-home earnings on payments each month, according to research conducted on behalf of debt advice and solutions provider Debt Advisory Centre (DAC).
M&S Bank brings in the New Year with its lowest ever loan rates
M&S Bank is to launch its lowest ever personal loan rates of 3.6 per cent APR (representative) on loans between £7,500 and £15,000, and 4.9 per cent APR on loans between £5,000 and £7,499.
Retirement debt risk for over-45s
Nearly one in five over-45s expect to retire in debt or are unsure they will clear all their debts before they can afford to stop work, research from leading over-55s financial provider Key Retirement shows.
Government targets billions of pounds of uncollected debt
Government will target billions of pounds of unrecovered debt through a new joint venture launched today with the private sector.
Will it be ‘loan’ly this Christmas for students?
Students are looking at financially frugal festivities this year as one third (33%) say they can’t afford their usual Christmas plans. Christmas funding worries are also making 32% of those surveyed turn to loans to finance festivities, according to new research from Blackbullion.
Santander cuts personal loan rates
From 16 December, Santander will be reducing its rates on personal loans of between £5,000 and £7,499 to a market-leading 4.9% APR.
A quarter of Brits wouldn’t lend to a friend this Christmas
With Christmas just around the corner and the festive season in full swing, MoneySuperMarket has found Brits are keeping their pennies close to their chests this Christmas with a quarter admitting they would not lend a friend £50 if asked.
Debts build as people struggle to make ends meet
Denbighshire, Merthyr Tydfil and Stoke on Trent are the top three locations where the highest proportion of the local population has got help from Citizens Advice with a debt problem.
Paying off debts forces some Brits’ to delay starting a family
Money can be an important consideration when people are thinking of starting a family, which may explain why some are delaying their plans so they can get their finances in order.
TSB cuts loan rates for loyal customers
TSB has launched its lowest ever personal loan rate for existing TSB bank account customers.