An increasing number of Brits are using credit cards as a means to bridge their short-term financial requirements according to a recent report.
The price comparison site Money Supermarket has discovered that an unusually high amount of people have ditched the option of sourcing a personal loan over recent months, favouring credit card borrowing instead. The [...]
A number of large credit card providers within the UK, have gradually limited the balances of their products in an attempt to restrict national consumer borrowing.
Recent data shows that as a collective, providers have limited credit card borrowing thresholds by more than 2.9 billion pounds since November 2007. In addition, close to 2 million “less [...]
British borrowers have been advised to face up to their financial commitments if they are to effectively resolve issues of bad debt.
A representative for a well-known British debt management company has suggested that professional debt advice charities and institutions are only able to provide a certain degree of support, and to achieve complete debt freedom would [...]
Personal loan providers within the UK are feverishly restricting the availability of their products as outlined in a newly released BOE report.
Data drawn from a recent survey of the credit markets reveal that access to a wide variety of personal loan products, has become markedly limited since the start of 2008. Not surprisingly, the national [...]
Current processes used as part of a typical unsecured loan credit search may not be thorough enough to safeguard borrowers against the possibility of repayment defaults, suggests a new report.
According to the UK based price comparison site Uswitch, more than two thirds of unsecured loan advances were granted in 2007, with little to no evidence [...]
A reduction in the national rate of interest has done little to spur providers into offering cheap loans as part of their product range.
One of the UK’s best known financial comparison sites has recently conducted a thorough search of loans market (prices) backdated to the start of the year, and has found that the average [...]
A newly introduced charter for the banking industry is set to standardise the level of service received by all home loan applicants within the UK.
The charter was born as a result of a meeting between the Office of Fair Trading, the Financial Services Authority and the Government, whose intention was to set a series of [...]
