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Archive for June, 2007

Major financial blunder could jeopardize consumer security

Loans - Saturday, June 30th, 2007

There has been much media coverage recently, with regards to a string of serious blunders by high profile financial institutions in the UK. The BBC’s Watchdog programme was one of the first to report how two of the countries leading Banks were carelessly leaving sensitive consumer information in dumpsters, at the back of their branches.
In [...]

Homeowner loan provider shuts up shop

Loans - Friday, June 29th, 2007

One of the UK’s largest credit specialists has this week confirmed rumours that its homeowner loan division will foreclose, effective immediately.
Capital One Bank announced its intentions to foreclose its sub prime homeowner loan arm during the earlier part of this week, and it is predicted that around 300 jobs will be lost as a result.
Capital [...]

Should the buck always stop with your bank?

Loans - Thursday, June 28th, 2007

For many people, the decision as to which bank we choose to deposit all of our hard earned cash with can be a lifelong commitment. Typically, the average Brit will open their first current account at the age of 13, and is usually the result of our parents will opposed to simply being proactive. In [...]

Have interest rates affected loan and savings trends?

Loans - Wednesday, June 27th, 2007

A new study conducted by a leading independent financial trends organisation, has discovered that the popularity of personal loan products soared during the first quarter of 2007.
The accumulative total of new loan applications is said to have topped more than £16 billion pounds from January through to April, representing an increase of around 5% faired [...]

Could a housing market correction be on the cards?

Loans - Tuesday, June 26th, 2007

One of the UK’s leading mortgage advice firms has speculated that the housing market will be deep inside correction territory by the end of 2007/early 2008 if interest rates continue to rise.
The housing market has become incredibly volatile over the last 12 months or so. Interest rates appear to be continually rising, causing many current [...]

Consumers opt for style over benefits when choosing their cards

Loans - Monday, June 25th, 2007

What’s factors do you consider when applying for a credit card? You’d expect the most common answers to this question to include interest rates, penalty fees; unique benefits ECT, not specifically in that order, but at least somewhere at the top. Well according to recent studies, almost all of the most likely responses to this [...]

100% increase in 0% deposit home loan applicants

Loans - Sunday, June 24th, 2007

Fixed rates mortgages have become increasingly popular over the last few months. More first time buyers than ever are turning to this type of mortgage, as experts suggest that consistently fluctuating interest rates are concerning customers, forcing them to look for more stability in their chosen mortgage product.
It has also been reported that the number [...]

 
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